The G20's Ministers of Trade and Investment have discussed the G20's measures to support international trade and investment in the context of the response of COVID-19 adopted last May. During the meeting, they discussed the means to support reforms of the multilateral trade system and encourage micro, small, and medium enterprises further to promote economic diversification and international investment. Minister of Commerce Majid al-Qasabi and Minister of Investment Khalid al-Falah attended the meeting presided by Saudi Arabia.
On his Twitter account, Minister of Commerce Majid al-Qasabi said: "Today, my brother, the engineer Khalid al-Falah, Minister of Investment, and I held the third ministerial meeting of the G20's Ministers of Trade and Investment to achieve joint cooperation that accelerates the pace of global economic recovery in the light of COVID-19 pandemic. We have discussed the means to support reforms of the multilateral trade system and stimulate small enterprises and companies to achieve sustainable economic development."For his part, al-Falih asserted: We continue our cooperation and coordination amid COVID-19 pandemic to support the recovery of international trade and investment and encourage the necessary reforms of the WTO by providing political support for Riyadh's initiative for the WTO's future while encouraging an increase in the international competitive edge of micro, small, and medium enterprises and promoting economic diversification and international investment.