Breaking News
Home / Local News / Canadian and G20 trade ministers meet to advance recovery of global trade and investment

Canadian and G20 trade ministers meet to advance recovery of global trade and investment

Ottawa – Mary Ng, Minister of Small Business, Export Promotion and International Trade, participated virtually today in the G20 Trade and Investment Ministerial Meeting.

During the meeting, Minister Ng and her G20 counterparts endorsed a joint statement reinforcing their commitment to support their businesses, workers, and people.

The G20 ministers committed to ensuring the rules-based international trading system, with the World Trade Organization (WTO) at its core, is stable and predictable and that everyone—including small businesses and women entrepreneurs—can access the benefits of trade.

The ministers also discussed the implementation of the G20 Action Plan on Trade and Investment, the result of their meeting in May 2020. Minister Ng underscored the urgency of implementing this action plan as quickly as possible to support businesses and workers on the road to long-term, sustainable economic recovery from COVID-19 and to build a more resilient economy for future generations.

Minister Ng welcomed the outcomes of the Riyadh Initiative, a G20 dialogue on priorities for WTO reform. As chair of the Ottawa Group on WTO Reform, Canada continues its leadership in WTO modernization efforts, with its international partners, to advance the economic stability, security, and prosperity of Canadians and people around the world.

“Rules-based trade and global cooperation matter more than ever as we work to support Canadians’ economic recovery from COVID-19. The G20 has a vital leadership role in ensuring that when it comes to trade, we do not look inward but continue to work collaboratively on concrete outcomes for our businesses and workers.” – Mary Ng, Minister of Small Business, Export Promotion and International Trade

About eAwaz

eAwaz

Check Also

Drug price watchdog ready to apply new powers to protect Canadians from surging high costs

Ottawa – The Patented Medicine Prices Review Board (PMPRB) today released the final version of …

Live Radio Stream