Trade and Investment Ministers' Meeting to be Held in India in August... Host Country is 'India'

August G20 Trade and Investment Ministers' Meeting (TIMM)
Discussion on WTO Reform and More

[Image source=Yonhap News]

From the second half of this year, major international meetings such as the G20 summit, the World Trade Organization (WTO) Ministerial Conference, and the Asia-Pacific Economic Cooperation (APEC) will be held.

On the 26th, the Ministry of Trade, Industry and Energy announced this during a briefing on major trends in the multilateral trade sector. According to the ministry, the G20 Trade and Investment Ministers' Meeting (TIMM) will be held in Jaipur, India, on the 24th and 25th of next month. India is the chair country of the G20 this year. The theme of this year’s G20 is "One Earth, One Family, One Future." The invited countries include nine nations: Spain, Singapore, Bangladesh, Egypt, Mauritius, the Netherlands, the United Arab Emirates (UAE), Nigeria, and Oman.

At this G20 Trade and Investment Ministers' Meeting, discussions will focus on establishing a resilient trade foundation in areas such as supply chains, small and medium-sized enterprises (SMEs), and logistics infrastructure, as well as on ways to equitably distribute trade benefits. The ministry explained that the main agenda items will include ▲ trade for growth and prosperity ▲ resilient supply chains ▲ promotion of SME participation in international trade ▲ logistics for trade ▲ WTO reform. The ministry plans to urge the restoration of a rules-based multilateral trading system and international cooperation in supply chains, digital, and environmental sectors at the G20 ministerial meeting.

The chair country of APEC, a cooperative body for economic integration in the Asia-Pacific region, is the United States this year. Korea will serve as the APEC chair country in 2025. The government will launch an APEC preparatory team in the second half of the year.

On November 14th and 15th, a joint foreign and trade ministerial meeting will be held in San Francisco, USA. Korea will serve as the APEC chair country in 2025. The government will launch an APEC preparatory team in the second half of the year. At the end of February next year, the 13th WTO Ministerial Conference (MC-13) is scheduled to be held in Abu Dhabi, UAE. Amid rising concerns over the crisis of the WTO-centered multilateral trading system due to rising nationalism and geopolitical conflicts, the 13th Ministerial Conference is expected to focus on restoring trust in the WTO system.

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