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- October 12, 202619°
- BIST10012,151-0.94%
- USD49.220.00%
- EUR55.21+0.28%
- GOLD4,192.30-0.57%
- INTEREST37.00%-1.00
- BITCOIN82,747-1.11%
- October 12, 202619°
Minister Bolat says G20 meeting addressed the future of global trade
Trade Minister Ömer Bolat said they addressed key issues concerning the future of the global trading system at the G20 Trade and Investment Ministers’ Meeting in Milwaukee, United States. The meeting also assessed geopolitical tensions, rising uncertainty, risks of economic fragmentation and excess production capacity in the steel sector.
Trade Minister Ömer Bolat said they addressed key issues concerning the future of the global trading system at the G20 Trade and Investment Ministers’ Meeting held in Milwaukee, United States.
Türkiye attended the meeting hosted by the United States, which holds the G20 presidency. Bolat said the future of the global trading system was discussed in the context of geopolitical tensions, rising uncertainty and the risks of economic fragmentation.
Excess capacity in the steel sector discussed
Bolat said the increasing impact of excess production capacity in the sector was assessed at the Global Forum on Steel Excess Capacity, and that the coordination of policies to address the issue was discussed.
Forum member countries adopted a comprehensive joint framework and a ministerial statement to tackle excess production capacity globally. The countries agreed to continue their joint efforts to address excess capacity.
Türkiye’s trade goals
Bolat said Türkiye continued to work to increase the country’s influence and competitiveness in global trade in line with the Türkiye Century goals under the leadership of President Recep Tayyip Erdoğan.
He said Türkiye also continued to diversify its trade relations and defend the country’s interests on international platforms.
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