The Trade and Investment Working Group
(TIWG) led the Riyadh Initiative Workshop on June 25, followed by a virtual TIWG
meeting on June 28-29to advance key trade and investment priorities.
The Riyadh Initiative Workshop
addressed strategic questions that frame the discussion on the future of the World
Trade Organization (WTO). The workshop facilitated ways to identify common
ground of objectives and trade policy principles that can provide a foundation
for WTO reform discussions and provide political support.
The TIWG meeting has focused on recent
trade and investment trends and developments, as the COVID-19 pandemic
continues to cause disruptions to global supply chains. G20 Trade and
Investment Ministers announced the G20 Actions to Support
World Trade and Investment in Response to COVID-19in May and the TIWG has
played a key role in the implementation and tracking of these actions with the
aim of supporting the multilateral trading system, building
resilience in global supply chains, and strengthening international investment.
The TIWG will meet
again ahead of the Trade and Investment Ministers’ Meeting in October as they
continue to progress on the Riyadh Initiative and the G20 Actions.