The participants of the Ministerial meeting of the group of twenty countries on trade and the digital economy, which ended on Sunday in the academic town of Tsukuba, agreed on the need for reform of the world trade organization (WTO). The corresponding item was marked in a statement following the meeting a joint communiqué, Trend reports.
Parties once again stressed that the WTO needs to be reformed, and expressed willingness to discuss this issue at the upcoming G20 summit, which will be held June 28-29 in Osaka. At the same time, as reported by the Agency Kyodo, the participants could not come to a consensus about the problem of overproduction of steel. It is noted that a solid stance on this issue has taken, in particular, China.
The document also stresses “the importance of free and fair trade,” but does not mention the need to counter protectionism. A corresponding wording was in the preliminary version of the joint communiqué.
The G20 countries for the past several years advocated the need to reform the WTO. The leadership of the world organization also expressed a willingness to listen to specific proposals of the “twenty” on this issue.
Japan’s first chair of the “group of twenty”. During the year in different cities across the country held a number of Ministerial meetings. The G20 summit will take place on 28 and 29 June in Osaka.