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© BMWi / Forwick

Federal Minister for Economic Affairs and Energy Peter Altmaier today attended the G7 trade ministers’ meeting in London.

The meeting focused on current trade policy issues and on a coordinated approach in the run-up to the WTO Ministerial Conference scheduled for late November. The dinner the night before had also been joined by WTO Director-General Dr Ngozi Okonjo-Iweala, with discussions revolving around the issues of trade, a level playing field and the planned reform of the WTO.

Economic Affairs Minister Altmaier said: “Today’s discussion among the G7 trade ministers is very important, especially after the coronavirus crisis year of 2020. If we are to ensure fair trade, we must make the WTO fitter for the challenges of the future. This applies both to the contribution trade can make to fighting the coronavirus pandemic and to the upcoming digital and sustainable transformation of our global trading system, which we can only tackle together. After all, it’s clear that we need the WTO more than ever. As the G7, it is our responsibility to provide the impetus for this together.”

Following the Presidency of the United Kingdom, Germany will assume the G7 Presidency in 2022.