International trade officials to meet tomorrow in Mar del Plata
Over 35 heads of delegation will attend the G20 Trade and Investment Ministerial Meeting. Global supply chains and the new industrial revolution are high on the agenda.
G20 ministers and senior officials are meeting tomorrow in the coastal city of Mar del Plata to discuss current and future prospects for trade and investment. G20 countries account for 75% of international trade and 80% of global investments.
Chaired by Argentine Minister of Foreign Affairs and Worship, Jorge Faurie, and Argentine Minister of Production and Labour, Dante Sica, the G20 Trade and Investment Ministerial Meeting will bring together over 35 heads of delegations from G20 countries and invited guests. The list of participants includes Cecilia Malmström, EU Commissioner for Trade; Roberto Azevêdo, Director-General of the World Trade Organization; Liam Fox, UK Secretary of State for International Trade; Reyes Maroto, Spanish Minister of Industry, Trade and Tourism; Suresh Prabhu, Indian Minister of Trade and Industry; Simon Birmingham, Australian Minister for Trade, Tourism and Investment; and Rob Davies, South African Minister of Trade and Industry, among others.
Starting at 10.30 am local time, the agenda at the NH Hotel Gran Provincial includes discussions on the inclusion of small and medium-sized companies into agricultural sector global supply chains. In line with seeking a sustainable food future, one of the priorities of the Argentine G20 presidency, the agenda will look into promoting the inclusion of new actors into the international trade system, so as to improve conditions for economic development and foster the production of more and better quality foodstuffs.
Senior officials will also examine the new industrial revolution, its impact on employment, and how to create the right conditions to harness the benefits arising from new modes of production and trade, aspects closely related to the other two priorities of the Argentine presidency this year: the future of work and infrastructure for development.
The agenda also includes a session on the opportunities and challenges posed by the multilateral trade system, focusing on how countries benefit from trade and investment, and on how can be citizens better equipped to confront and profit from globalization and technological innovation.
At 5.30 pm local time, once the closed-door sessions are over, Ministers Faurie and Sica will give a press conference. The press conference will be streamed live on the G20 YouTube channel.
Tonight, ministers and senior officials will enjoy a welcome dinner at Torreón del Monje, an architectural landmark in Mar del Plata.