OREANDA-NEWSThe G20 Trade and Investment Working Group held an extraordinary meeting via videoconference to discuss measures to mitigate the impact of the coronavirus pandemic on trade, investment and global supply chains.

It's noted that the meeting participants focused on the development of actions that should ensure the possibility of a continuous flow across the borders of countries of vital medicines, medical equipment and essential agricultural products.

The meeting also considered measures to mitigate the effects of the coronavirus crisis that are needed in the longer term, including "increasing the sustainability of global supply chains and boosting international investment" to accelerate the process of economic recovery after the pandemic.

Following the meeting on March 30, G20 trade ministers adopted a joint statement on collective action to counter the destructive impact of the pandemic on trade. Ministers unanimously advocated opposing speculative practices and unjustified price increases.