TF1: Trade, Investment, and Growth
The world trading system is facing various challenges such as rising protectionism, unequal opportunities to engage in global value chains, and legal systems that are ill-equipped for digital trade and international trade in services. To address these issues, the task force will discuss policies to strengthen the World Trade Organization as a negotiating forum and both restore and reinforce the WTO dispute settlement procedure. The task force will also focus on goods and services trade policies and socially just and environmental-friendly investment policies that mutually benefit developed and developing countries and mitigate the negative effects of globalization in order to achieve sustainable, balanced and inclusive development. Finally, the task force will explore how to establish well-balanced global rules that promote the free flow of data while also ensuring that personal information is protected in the era of digital trade. Through these discussions, the task force aims to foster a common understanding on global issues and provide policy recommendations to G20 officials from a research perspective.