G20The w88 coordination mechanism "fuels" the w88 engine

Zhao Zhongxiu

(Source: "International Business Daily"2016-7-11 A1version)

After the outbreak of the global financial crisis, the world economy entered a period of deep adjustment. According to the World w88 Organization (WTO) prediction,2016The expected growth rate of international w88 will remain at2.8%, and2015Staying the same year. As the engine of world economic growth, global w88 has been growing continuously4Year down, its driving role in the world economy continues to decrease. In recent years, global w88 growth has continued to be lower than GDP (GDP) growth, the downward pressure on the economies of various countries continues to increase. How to deal with the "stall" of various countries' economies in the medium and long term has become a question for the G20, which includes the world's major economies (G20) Important issues before us, also requireG20Can play a creative and constructive role in global w88 governance and the functioning of the multilateral trading system.G20With an important mission, important determination for the growth of global w88 can and should be conveyed through a joint statement by political leaders.

Since2008YearG20Since the summit was held in Washington,G20's main role has expanded from emergency international macro policy coordination in response to financial crises to broader areas, forming a long-term policy coordination mechanism with medium and long-term economic growth as the primary goal, covering finance, finance, economy and w88, structural reform, sustainable development, anti-corruption and other issues.

2016Held in ChinaG20With the theme of "Building an Innovative, Vitrant, Interconnected and Inclusive World Economy", the summit identified four major topics focusing on promoting medium- and long-term growth of the global economy.

First, innovate growth methods and enhance the mid- to long-term growth potential of the world economy through promoting reform and innovation. The second is to build a more efficient global financial governance system and improve the world economy's ability to resist risks. The third is to promote international w88 and investment, build an open world economy, and stimulate the vitality of world economic growth. Coordinate w88 and investment policies, reduce w88 costs, and provide policy guidance for cross-border investment. The fourth is to promote inclusive and interconnected development and implement20302020 Sustainable Development Agenda to enhance the momentum of world economic development.

Promoting international w88 and investment is one of the four main topics,G20This time, w88 and investment were also set up as an independent topic for special discussion, and inG20Under the framework, the w88 Ministers’ Meeting will be determined as a regular and institutionalized means of contact.G20Regular meetings of w88 ministers have been strengthenedG20Exchanges among members in the field of w88 policy can better promote communication and coordination of w88 policy positions among members by further building consensus and promote new progress in multilateral w88 negotiations.

7month9日~10The w88 ministers’ meeting held on the 12th focused on strengtheningG20The five major topics were the construction of w88 and investment mechanisms, promotion of global w88 growth, support for the multilateral trading system, promotion of investment policy coordination and cooperation, and promotion of inclusive and coordinated global value chains, and a series of important results were achieved.

ReinforcingG20In terms of w88 and investment mechanism construction, the meeting approved the "G20Responsibilities of the w88 and Investment Working Group》, realizedG20Mechanization of w88 and investment policy cooperation. This will beG20Better play the role of global economic governance and promote the growth of global w88 and investment to provide stable institutional guarantees.

In terms of promoting global w88 growth, the meeting approved the "G20Global w88 Growth Strategy" established seven pillars of cooperation, including reducing w88 costs, strengthening w88 and investment policy coordination, promoting service w88, enhancing w88 financing, formulating a w88 climate index, promoting e-commerce development, and promoting w88 and development. It also proposed targeted action plans, pointing out the direction for promoting global w88 and sustainable economic development.

In terms of supporting the multilateral trading system, the meeting reached important consensus on strengthening the multilateral trading system. The meeting clearly opposed w88 protectionism and decided not to take new protectionist measures until2018Year; Agree to strengthen the transparency of regional w88 agreements and ensure their consistency with multilateral rules; Commitment before the end of this yearG20All members approved the w88 Facilitation Agreement; agreed to continue to advance negotiations on the remaining issues of the Doha Round and start discussions on potential new issues that are in the interests of all parties;G20Environmental Products Agreement among members(EGA)Parties to the negotiation agreeEGAReaching consensus in the negotiation process has laid the foundation for an early conclusion of the negotiations and will also make a positive contribution to the joint response to climate change.

In terms of promoting investment policy coordination and cooperation, the meeting approved the first "G20Global Investment Guiding Principles" established nine principles including opposing cross-border investment protectionism, creating an open, non-discriminatory, transparent and predictable investment policy environment, strengthening investment protection, ensuring transparency in policy formulation, promoting investment to promote sustainable development and investor corporate responsibility, making a historic contribution to strengthening global investment policy coordination.

In terms of promoting an inclusive and coordinated global value chain, the meeting reached a consensus on comprehensive measures to help developing countries and small and medium-sized enterprises integrate into the global value chain.

PassedG20Releasing political signals and leadership and providing political support can better promote the development of w88 on the platform of the multilateral trading system and fully unleash the important role of w88 as an engine of economic growth and employment growth.G20The w88 Ministers’ Meeting isG20The summit is an important mechanism for coordinating w88 policies among members and will also become an important platform for China to actively participate in global economic governance in the future.

(The author is Vice President of w88 casino)

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