T20 TF1 Strengthening multilateral trading system to support economic recovery and post pandemic era

This session is cureated by T20 Task Force 1 Lead Co-Chair Yose Rizal Damuri, Head of Department of Economics, CSIS Indonesia.
A well-functioning MTS is an anchor for the global economy and a necessary foundation for a robust recovery to achieve equitable, fair, balanced, and inclusive MTS for all. In addition, there is also a need to improve the current trade environment by providing access for MSMEs and supporting the poverty alleviation agenda, particularly for the poor and vulnerable. However, the MTS is under a lot of stress due to increasing tension from countries lacking trust among one another, manifesting in creeping protectionism both at and behind the border.
Moving forward with WTO reform is a key solution to the problems plaguing the multilateral trading system. It should also promote pro-growth and pro-development and by continuing to foster stable, predictable and equitable trading relations across the world. In addition, WTO shall resolve to strengthen the rules-based, non-discriminatory, open, fair, inclusive, equitable and transparent multilateral trading system that will bring meaningful benefits of trade to all people from different levels of economic development.
This session suggests a common framework that can give direction for a reform of the WTO. Serving as a guideline for how the G20 can support the reform process, it addresses possible mechanisms for how the reform can be carried out.

Register for Updates

Would you like to receive updates on the Global Solutions Initiative, upcoming events, G7 and G20-related developments and the future of multilateralism? Then subscribe here!

1 You hereby agree that the personal data provided may be used for the purpose of updates on the Global Solutions Initiative by the Global Solutions Initiative Foundation gemeinnützige GmbH. Your consent is revocable at any time (by e-mail to contact@global-solutions-initiative.org or to the contact data given in the imprint). The update is sent in accordance with the privacy policy and to advertise the Global Solutions Initiative’s own products and services.