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Ukraine war shadow on G20 meeting joint communique
Mint Mumbai
|August 26, 2023
Ground-breaking consensus on five concrete, action-oriented deliverables, says Piyush Goyal
The two-day long G20 trade and investment ministers meeting (TIMM) under India’s presidency ended on Friday without a joint communique even as members agreed in principle to enhance global value chain (GVC) resilience amid "multi-dimensional crisis" and persistent trade disruptions due to the pandemic and the ongoing Ukraine conflict.
The outcome document warned that the global economic recovery since the pandemic outbreak has been uneven and near-term prospects of global trade and investment look uncertain.
"Mounting challenges are adversely affecting predictability and resilience of global trade—aggravating poverty and inequality—and negatively impacting achievement of sustainable development objectives," the statement read.
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