The Union Minister Shri Piyush Goyal represented India at the second G20 Virtual Trade and Investment Ministers Meeting through video conferencing.
Highlights
- The video conferencing was hosted by the current chair of G20 grouping, Saudi Arabia.
- Since April 2020, Saudi Arabia has hosted a series of such virtual summits to discuss COVID-19 threats, containment measures and economic challenged posed by the virus.
- This meeting, the ministers agreed to work on ensuring flow of vital medical supplies and other essential goods across borders.
- They also agreed to deliver free, non-discriminatory, fair and transparent trade and investment environment.
- They also agreed to keep global supply chains functioning.
- The main issue that every country is facing today due to COVID-19 crisis is excessive price volatility in food prices.
- This is threatening the food security as well.
- The G20 ministers agreed to work upon the issue at the meet.
Background
- On 30 March, the G20 leaders agreed on the requirement for a “Coordinated Global Response”.
- In order to implement actions taken under coordinated global response, meetings were held on energy, labour, employment, agriculture, tourism and digital economy.
Earlier G20 meet
- The G20 leaders have been focusing on tourism, energy and labour.
- In the end of April 2020, the corresponding ministers of the three sectors from the member countries held video conferences to work together and address the issue.
No comments:
Post a Comment