Egypt took part in the G20 Trade and Investment Ministerial Meeting, hosted by South Africa in Johannesburg from October 9 to 10.
This comes as part of Egypt’s ongoing commitment to strengthening its active presence in international economic forums and contributing to shaping the future approach of global trade and investment.
During its participation, the Egyptian delegation reaffirmed Egypt’s firm position in supporting the multilateral trading system and strengthening its role as a cornerstone for ensuring openness and stability in the global economy.
The delegation also emphasized Egypt’s continued collaboration with international and regional partners to adopt fair and balanced trade and investment policies that contribute to inclusive and sustainable development.
The ministerial sessions featured in-depth discussions on key issues, including boosting trade and inclusive growth, addressing global economic challenges, establishing a trade and investment framework that supports green manufacturing and sustainable development and exploring reform mechanisms for the World Trade Organization (WTO) that enhance the developmental aspect of the multilateral trading system.
The Egyptian delegation stressed the importance of ensuring fair treatment for developing countries, particularly African nations, as a fundamental pillar of equity and balance in the international trading system.
The delegation praised South Africa’s G20 presidency for highlighting the priorities of developing nations and calling for a comprehensive reform process for the global trade system.
The delegation emphasized the need to stimulate investment in global supply chains to enhance their resilience and diversity and to support cooperation in the areas of digital economy, green economy and sustainable trade.
Special focus was placed on advancing digital transformation in services and adopting environmentally conscious production policies that strike a balance between economic growth and environmental protection.
The Egyptian delegation also welcomed the G20’s focus on investment facilitation, referring to the Egyptian government’s recent approval to join the WTO’s Investment Facilitation for Development Agreement.
This move reflects Egypt’s commitment to fostering a transparent and predictable investment climate aligned with the G20’s vision of promoting sustainable and inclusive growth.
