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Minister of Trade Paves the Way for Indonesia’s G20 Presidency

NEWS | 22 October 2021

 

The G20 Trade and Investment Ministers Meeting was held in Italy recently and Minister of Trade M Lutfi did not miss the meeting held in Sorrento. Lutfi and ministers from G20 countries discussed several strategic issues ranging from strengthening the multilateral trading system and reforming the World Trade Organization (WTO), as well as various concrete steps for cooperation in post-pandemic global economic recovery. In the event, Lutfi encouraged G20 countries to prioritize trade as an instrument of global economic recovery.


"That way, export-import activities between countries can return to their original state, so that the multiplier effect of these activities can be felt by each country," Lutfi said in his statement, Wednesday (13/10/2021). The ministers also discussed trade and health, trade and sustainability, trade in services and investment, as well as strengthening trade and investment relations between G20 countries. On the sidelines of the meeting, Lutfi also took the time to hold nine strategic bilateral meetings, some of which were with Swiss President Guy Parmelin, as well as several trade ministers from Saudi Arabia, Britain, India, Turkey, Singapore, New Zealand, South Africa, and the Netherlands.


Lutfi also ensured that Indonesia was ready to carry out the task of the Presidency of the G20 which Indonesia will assume the Chairmanship shortly, which will include  hosting the G20 meeting in 2022. At the G20 meeting next year, Lutfi said he would entertain invited guests with Indonesia's natural wealth. The government's preparation for the G20 event is also said to be more organised with the issuance of Presidential Decree of the Republic of Indonesia (Keppres) Number 12 of 2021 concerning the National Committee for the Organizing of the Indonesian G20 Presidency.

The main G20 meetings are expected to be held in Bali with thousands of delegates arriving to bolster the Indonesian economy, but it is believed that plans are being made to also host meetings in the eastern islands to show off Indonesia’s rich tourism palate.