MINISTER DAVIES ARRIVED IN TURKEY FOR THE G20 TRADE MINISTERS MEETING AND THE G20/OECD GLOBAL FORUM ON INTERNATIONAL INVESTMENT (GFII) 2015

MINISTER DAVIES ARRIVED IN TURKEY FOR THE G20 TRADE MINISTERS MEETING AND THE G20/OECD GLOBAL FORUM ON INTERNATIONAL INVESTMENT (GFII) 2015

The Minister of Trade and Industry, Dr Rob Davies has arrived in Istanbul, Turkey to attend the G20 Trade Ministers meeting and the G20/OECD Global Forum on International Investment 2015 scheduled for 5-6 October 2015.

The G20 Trade Ministers meeting will focus on the slowdown in global trade and how to make the multilateral trading system work better. The discussions will focus on the implications of global trade slowdown for the future of trade and at policy options to further integrate SMEs into global value chains. Under the multilateral trading system, the discussions will be on the implementation of Bali Package and the importance of delivering a successful outcome for 10th WTO Ministerial Conference to be held in December 2015 in Nairobi, Kenya.

Kenya will be the first African country to host the WTO Ministerial Conference.  Ministerial Conferences are held every two years and is the highest decision-making body of the World Trade Organisation.

The G20/OECD Global Forum on International Investment 2015 will be held under the theme “International investment policies in the evolving global economy”.  The Forum will discuss the state of international investment policies, identify possible impediments, and explore policy options in support of a more coherent and cohesive trade and investment regime. It will also discuss Multinationals in Global Value Chains.  Multinationals are at the centre of the relationship between trade and investment and over two thirds of world trade are linked to their activities, driven equally by the sales of their foreign affiliates and associated firms.

Since 2001, the OECD Global Forum on International Investment has been bringing together the global network of policy makers, academics, business leaders, labour representatives, and members of civil society, from advanced and developing countries, dealing with the policy challenges of international investment.

Previous Forums took place in Mexico (2001), China (2002), South Africa (2003), India (2004), Brazil (2005), and Turkey (2006) and at OECD headquarters in Paris. On the occasion of the tenth Global Forum, the partnership with the G20 and the Government of Turkey provides a unique and timely opportunity to facilitate exchange and consensus-building.