Extraordinary G20 Trade and Investment Ministerial Meet

On March 31, 2020, the “Extraordinary G20 Trade and Investment Ministerial Virtual Meet” was held through video conferencing. The Union Commerce Minister Piyush Goyal represented India at the meet.

Highlights

India had called for easy movement of health professionals and enhanced access to affordable medicines across national borders. Amidst the threat of COVID-19, India is supplying affordable medical products to nearly 190 countries in the world.

India urged the G20 countries to come up with G-20 Global Framework to improve access to medicines. The framework should include diagnostic equipment, critical medicines, health professionals and medical kits.

G-20

A week back a G20 video conference was hosted by Saudi Arabia. As a member of the grouping, India was represented by PM Modi. During the meet, the leaders pledged to infuse 5 trillion USD into the global economy. The idea was to reduce the impact of the global recession in the world due to the increasing threats of COVID-19.

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