G20 concludes first meeting on trade and investment in Buenos Aires

Over two days, representatives from G20 members and invited guests addressed mechanisms to drive the insertion of women and SMEs into the global economy.

Representatives of G20 members and invited guests discussed mechanisms for the greater integration of women and SMEs in the global economy over two days in Buenos Aires.

The first 2018 meeting of the G20 Trade and Investment Working Group concluded on Tuesday in Buenos Aires. With over one hundred representatives of member countries and invitees in attendance, the two-day meeting at the CCK addressed mechanisms to achieve a more inclusive international trade system.

Under the Argentine G20 presidency’s slogan, “Building consensus for fair and sustainable development,” the discussions focused on issues related to global value chains in the agricultural sector, the new industrial revolution and the current global trade outlook.

Delegates paid special attention to the specific needs of women, developing countries and small and medium-sized enterprises to support their insertion to the global economy. The objective, according to the delegates, is to take better advantage of the benefits of globalization without leaving anyone behind, promoting the elimination of hunger and poverty, in line with the UN’s 2030 Agenda for Sustainable Development.

With respect to the latest global trade environment and outlook, there was a common understanding by the G20 to continue to look for collaborative solutions to the world’s current challenges.

The next meeting of the Trade and Investment Working Group will take place on 12-13 September in Mar del Plata, Buenos Aires province.

About the G20

The G20 started out in 1999 as a meeting of finance ministers and central bank governors. In 2008, amidst the global financial crisis, it evolved into what it is today: a major forum for dialogue and decision-making attended by world leaders from vital economies. Together, the G20 members represent 85% of global GDP, two-thirds of the world’s population, and 75% of international trade.