G-20 Turkey Summit- Market Access (trade) commitment

Event/initiative: 
Date of commitment: 
December 2014

Commitment

The G-20 reaffirmed their commitment to fighting all forms of protectionism and to keeping their markets open. Further, G-20 leaders acknowledged the efforts of WTO to secure the swift completion of the DDA and commended the successful outcomes of the 9th World Trade Organisation (WTO) Ministerial Conference and committed to prioritizing the implementation of the agreed-upon Bali Package, especially the Trade Facilitation Agreement. The G-20 also committed to implementing practical measures “to reduce the global average cost of transferring remittances to five per cent and to enhance financial inclusion as a priority”. Under the Presidency of Turkey, the G-20 has committed to placing special importance on global value chains and better integration of SMEs in developing countries in 2015.

Target

No numerical targets were set.

Progress

Gap

Additionality