Free trade has been promoted worldwide since the 1980s. Since the establishment of the WTO, multinational corporations have expanded its investment and supply chain all over the world in order to maximize profits.
However, in recent years, the global trade regime has become unstable and unpredictable. The WTO has stagnated for many years, and it has changed to the era of mega FTAs instead. Moreover, the issues of “Protectionism”, the China-U.S. trade war, Digital Trade are recognized seriously among many governments.
Meanwhile, the international civil society has been seeking a mechanism of trade and investment that contributes to the correction of disparities, poverty reduction, protection of environment, human rights, labor, access to medicines, regional sovereignty. Also we have been pointing out the secrecy of negotiations.
Based upon these experiences, the C20’s Trade & Investment Working Group aims to make Trade and Investment one of the key priorities for the G20 summit in Japan. We hope positive discussions with G20 Leaders and government officials, civil society members on how we can democratize trade and create the alternative form & key principles of trade that benefit all people in the world.