Trade Facilitation and Global Commerce: G20's Vision for Open Trade

Trade is essential for economic growth, job creation, and development. The G20 is committed to promoting open, fair trade while addressing challenges and ensuring benefits are widely shared.

The Importance of Trade

Trade:

• Drives economic growth
• Creates jobs
• Reduces poverty
• Promotes innovation
• Connects markets

Trade Challenges

• Protectionism
• Trade tensions
• Supply chain disruptions
• Non-tariff barriers
• Digital trade gaps

G20 Trade Priorities

1. Trade Facilitation

• Simplifying procedures
• Reducing costs
• Digitalization
• Border efficiency

2. Open Markets

• Reducing barriers
• Market access
• Fair competition
• Dispute resolution

3. Digital Trade

• E-commerce rules
• Data flows
• Digital services
• Platform regulation

4. Inclusive Trade

• MSME support
• Developing country access
• Women in trade
• Sustainable trade

Key Initiatives

• WTO Trade Facilitation Agreement
• G20 Trade and Investment Principles
• Digital Trade Principles
• MSME Trade Support