The Brisbane Summit proposes an additional 2% economic growth by 2018, as part of achieving this goal, and as part of efforts to promote global economic growth and advance sustainable development goals, the strategy sets specific Individual and collective action plans. The G20 recognizes the central role of the WTO in global trade governance and supports the continued strengthening of its role.
This strategy complements the mandate and commitment of the G20 Trade Minister’s Statement, including the absence of new trade protectionist measures and the elimination of relevant measures, trade facilitation, the World Trade Organization, other trade agreements, global investment policy guidelines and Promote inclusive global value chains and more.
1. Reduce trade costs
Once implemented, the WTO Trade Facilitation Agreement will significantly reduce global trade costs, promote trade development, and help SMEs integrate into global value chains. Members of the G20 noted the importance of individual countries taking action to reduce trade costs, reduce trade time, and reduce uncertainty about the flow of goods and services, including the resolution of post-border barriers. Country growth strategies reflect the commitment of each country. The G20 members are committed to further measures to reduce trade costs and encourage all WTO members to fully implement the Trade Facilitation Agreement. According to estimates by the OECD and WTO, the full implementation of the Trade Facilitation Agreement can bring global Trade costs are reduced by 15%. Members of the G20 thank the OECD, WTO, and the World Bank for their work on trade cost monitoring. The G20 members agree that capacity building and technical assistance are essential to ensure that developing countries most in need achieve this goal and will continue to support efforts in this regard.
2. Strengthen trade and investment policy coordination
Members of the G20 will ensure that trade, investment and other public policies complement and promote each other, including the reforms outlined in the country's growth strategy. Recognizing the importance of global value chains as a driving force for global trade and investment flows, the G20 members are committed to adopting policies that promote a more open, sustainable and inclusive value chain to encourage developing countries to further integrate into global value chains and Value added. Members of the G20 will study the main issues of trade and investment relations, identify uncoordinated policies, formulate solutions, and strengthen policy coordination. Members of the G20 noted the WTO, UNCTAD, OECD and World Bank studies on the relationship between trade and investment, which presented a number of important policy options for consideration. The G20 welcomes the fact that international agencies carry out additional analytical work on these important issues within their resources and mandates.
3. Promote trade in services
Members of the G20 are committed to implementing policies to support an open, transparent and competitive service market. This will facilitate the participation of service providers, especially those in developing and low-income countries, in global value chains, which will facilitate the flow of goods and services in global value chains, support more efficient production and trade, and thus contribute to global Economic growth, creating new and better jobs. The G20 members agreed to consider working on issues that promote trade in services, which would expand trade in services in all its forms and make a significant contribution to the domestic economy and global trade. The G20 encourages the WTO, OECD and the World Bank to conduct further research within their respective mandates and resources to clearly demonstrate to the G20 members the role of the services sector in the overall economy and supply chain. Contribution to economic development and trade growth and the achievement of public policy goals. The analysis of international institutions will help G20 members explore policy options that may improve efficiency, productivity and well-being, and take into account differences in development levels to maximize the market potential of the G20 service sector and reduce trade costs.
4. Enhanced trade finance
The trade finance gap has hampered trade and economic growth. The trade finance gap is particularly evident in the poorest countries, especially in Africa, Asian developing countries and small island developing States, which also face challenges in acquiring the appropriate knowledge and skills to use trade finance instruments. The G20 noted the WTO's research and recommendations for trade finance and SMEs, supported by the World Bank and multilateral and regional development banks' existing trade finance promotion projects. The G20 members further noted that the WTO Director-General called for the strengthening of trade finance for existing multilateral trade finance promotion projects.
5. Develop a trade climate index
It is good for all countries to have more information on trade and economic growth in terms of trade-related indicators. The G20 welcomes the release of its first trade sentiment index by the WTO. Members of the G20 are confident that the index will serve as an early warning system for trade, providing policymakers and companies with more real-time trade development indicators. This will be an important tool for the G20 member governments to adjust trade-related policies.
6. Promote the development of e-commerce
The rapid development of digital trade and technology has led to profound changes in the structure of economic trade. In view of this situation, members of the G20 agreed to strengthen discussions and cooperation on e-commerce issues. The G20 members thanked the OECD, UNCTAD and WTO for their research on the evolution of e-commerce in international trade and related policy issues. G20 members recognize that SMEs are integrating into global trade. In order to enable SMEs and developing countries to better access digital technologies, gain greater benefits and help them achieve inclusive trade growth, G20 members encourage governments and businesses to engage in dialogue to identify opportunities for e-commerce development and Challenge, study and discuss relevant policies, standards and models in the trade field. Increased dialogue can strengthen coordination and cooperation in policy. The G20 members noted the initiative of the G20 business community to build a global e-commerce cooperation platform.
7. Focus on trade and development
Trade is a powerful driving force for economic development in recent decades. The 2030 Agenda for Sustainable Development also emphasizes that trade should play a key role in achieving inclusive growth, sustainable development and poverty reduction. Given the central role of trade in achieving sustainable development goals in countries and on the trade and development-related work carried out by the G20, the G20 members emphasized the commitment to better use the strategy for trade for development. Members of the G20 recognize that promoting trade and investment can increase the participation of developing countries and SMEs in global value chains and move up the value chain; recognizing the importance of economic diversification and industrial upgrading in developing countries. Members of the G20 recognize the importance of promoting low-income countries to participate in regional trade agreement-related initiatives, address issues related to access to trade finance, support sound agricultural policies, support trade and investment for sustainable development goals, and promote participation Global value chains, promote responsible corporate behaviour, strengthen trade-related skills development, and advance and strengthen Aid for Trade initiatives. In addition, members of the G20 will take concrete actions to implement the commitments on the Addis Ababa Action Agenda to include “sustainable development in all levels of trade policyâ€. The G20 noted that some members suggested that the Trade and Investment Working Group study whether trade-related measures could be taken to reduce the negative impact of receiving particularly large numbers of refugees in low- and middle-income countries.
end
As a complement to the G20 meeting of trade ministers, members of the G20 are full of confidence in this strategy. We can promote the openness and integration of trade to promote global prosperity and development. The G20 Trade and Investment Working Group will continue to work closely with other relevant working groups to strengthen coordination and avoid duplication of work. The G20 members also welcome the contributions of international institutions and other G20 participants, especially the G20 business community and the G20 think tank, and will continue to work with them to achieve strong, sustainable, inclusive and Balanced growth.
This strategy complements the mandate and commitment of the G20 Trade Minister’s Statement, including the absence of new trade protectionist measures and the elimination of relevant measures, trade facilitation, the World Trade Organization, other trade agreements, global investment policy guidelines and Promote inclusive global value chains and more.
1. Reduce trade costs
Once implemented, the WTO Trade Facilitation Agreement will significantly reduce global trade costs, promote trade development, and help SMEs integrate into global value chains. Members of the G20 noted the importance of individual countries taking action to reduce trade costs, reduce trade time, and reduce uncertainty about the flow of goods and services, including the resolution of post-border barriers. Country growth strategies reflect the commitment of each country. The G20 members are committed to further measures to reduce trade costs and encourage all WTO members to fully implement the Trade Facilitation Agreement. According to estimates by the OECD and WTO, the full implementation of the Trade Facilitation Agreement can bring global Trade costs are reduced by 15%. Members of the G20 thank the OECD, WTO, and the World Bank for their work on trade cost monitoring. The G20 members agree that capacity building and technical assistance are essential to ensure that developing countries most in need achieve this goal and will continue to support efforts in this regard.
2. Strengthen trade and investment policy coordination
Members of the G20 will ensure that trade, investment and other public policies complement and promote each other, including the reforms outlined in the country's growth strategy. Recognizing the importance of global value chains as a driving force for global trade and investment flows, the G20 members are committed to adopting policies that promote a more open, sustainable and inclusive value chain to encourage developing countries to further integrate into global value chains and Value added. Members of the G20 will study the main issues of trade and investment relations, identify uncoordinated policies, formulate solutions, and strengthen policy coordination. Members of the G20 noted the WTO, UNCTAD, OECD and World Bank studies on the relationship between trade and investment, which presented a number of important policy options for consideration. The G20 welcomes the fact that international agencies carry out additional analytical work on these important issues within their resources and mandates.
3. Promote trade in services
Members of the G20 are committed to implementing policies to support an open, transparent and competitive service market. This will facilitate the participation of service providers, especially those in developing and low-income countries, in global value chains, which will facilitate the flow of goods and services in global value chains, support more efficient production and trade, and thus contribute to global Economic growth, creating new and better jobs. The G20 members agreed to consider working on issues that promote trade in services, which would expand trade in services in all its forms and make a significant contribution to the domestic economy and global trade. The G20 encourages the WTO, OECD and the World Bank to conduct further research within their respective mandates and resources to clearly demonstrate to the G20 members the role of the services sector in the overall economy and supply chain. Contribution to economic development and trade growth and the achievement of public policy goals. The analysis of international institutions will help G20 members explore policy options that may improve efficiency, productivity and well-being, and take into account differences in development levels to maximize the market potential of the G20 service sector and reduce trade costs.
4. Enhanced trade finance
The trade finance gap has hampered trade and economic growth. The trade finance gap is particularly evident in the poorest countries, especially in Africa, Asian developing countries and small island developing States, which also face challenges in acquiring the appropriate knowledge and skills to use trade finance instruments. The G20 noted the WTO's research and recommendations for trade finance and SMEs, supported by the World Bank and multilateral and regional development banks' existing trade finance promotion projects. The G20 members further noted that the WTO Director-General called for the strengthening of trade finance for existing multilateral trade finance promotion projects.
5. Develop a trade climate index
It is good for all countries to have more information on trade and economic growth in terms of trade-related indicators. The G20 welcomes the release of its first trade sentiment index by the WTO. Members of the G20 are confident that the index will serve as an early warning system for trade, providing policymakers and companies with more real-time trade development indicators. This will be an important tool for the G20 member governments to adjust trade-related policies.
6. Promote the development of e-commerce
The rapid development of digital trade and technology has led to profound changes in the structure of economic trade. In view of this situation, members of the G20 agreed to strengthen discussions and cooperation on e-commerce issues. The G20 members thanked the OECD, UNCTAD and WTO for their research on the evolution of e-commerce in international trade and related policy issues. G20 members recognize that SMEs are integrating into global trade. In order to enable SMEs and developing countries to better access digital technologies, gain greater benefits and help them achieve inclusive trade growth, G20 members encourage governments and businesses to engage in dialogue to identify opportunities for e-commerce development and Challenge, study and discuss relevant policies, standards and models in the trade field. Increased dialogue can strengthen coordination and cooperation in policy. The G20 members noted the initiative of the G20 business community to build a global e-commerce cooperation platform.
7. Focus on trade and development
Trade is a powerful driving force for economic development in recent decades. The 2030 Agenda for Sustainable Development also emphasizes that trade should play a key role in achieving inclusive growth, sustainable development and poverty reduction. Given the central role of trade in achieving sustainable development goals in countries and on the trade and development-related work carried out by the G20, the G20 members emphasized the commitment to better use the strategy for trade for development. Members of the G20 recognize that promoting trade and investment can increase the participation of developing countries and SMEs in global value chains and move up the value chain; recognizing the importance of economic diversification and industrial upgrading in developing countries. Members of the G20 recognize the importance of promoting low-income countries to participate in regional trade agreement-related initiatives, address issues related to access to trade finance, support sound agricultural policies, support trade and investment for sustainable development goals, and promote participation Global value chains, promote responsible corporate behaviour, strengthen trade-related skills development, and advance and strengthen Aid for Trade initiatives. In addition, members of the G20 will take concrete actions to implement the commitments on the Addis Ababa Action Agenda to include “sustainable development in all levels of trade policyâ€. The G20 noted that some members suggested that the Trade and Investment Working Group study whether trade-related measures could be taken to reduce the negative impact of receiving particularly large numbers of refugees in low- and middle-income countries.
end
As a complement to the G20 meeting of trade ministers, members of the G20 are full of confidence in this strategy. We can promote the openness and integration of trade to promote global prosperity and development. The G20 Trade and Investment Working Group will continue to work closely with other relevant working groups to strengthen coordination and avoid duplication of work. The G20 members also welcome the contributions of international institutions and other G20 participants, especially the G20 business community and the G20 think tank, and will continue to work with them to achieve strong, sustainable, inclusive and Balanced growth.
Cotton Jacquard Fabric,Poly Knit Fabric,Lakda Cotton Fabric,Cotton Jacquard Knit Fabric
SHAOXING WUYUN TEXTILE CO.,LTD , https://www.kexintextile.com