Saudi G20 presidency to conduct extraordinary trade and investment meeting

By Rahul Vaimal, Associate Editor
  • Follow author on
Representational Image

The Saudi G20 Presidency will conduct an extraordinary meeting on May 14 to consider ways to reduce severance to trade and global supply chains which have been affected by the COVID-19 pandemic.

The meeting will bring together trade and investment ministers from G20 countries and invited countries, as well as heads of related international and regional organizations. It will assess the progress of leaders’ and ministers’ actions in response to the wide-ranging impact that COVID-19 has had on trade and investment.

The extraordinary gathering will be chaired by Saudi Commerce Minister Majid Al-Qasabi and Investment Minister Khalid Al-Falih. It will review ways to rebuild trust and ensure the progression of trade by working to “ensure the flow of vital medical supplies, critical agricultural products and other goods and services across borders.”

The purpose of the virtual meeting is to update G20 trade and investment ministers on the development and work accomplished by the Trade and Investment Working Group since its last virtual meeting on March 30.

G20 meetings are currently held virtually, and more frequently, as the G20 takes important steps to help people and businesses, protect the stability of the global economy and financial markets, restore confidence, and prevent deep and extended negative economic impact.