G20

The coronavirus crisis served to demonstrate the importance of trade in services to ensure the sustainability of supply chains, and especially the importance of digital trade, according to Turkey's trade minister.

Turkey is conducting talks to establish swap lines with members of G20, with more than one swap line possible, said the country's treasury and finance minister.

"We are doing one-to-one swap negotiations with G20 countries with which we have a trade deficit and a free trade agreement," Berat Albayrak said in a closed-door online meeting with international investors.

Turkish Treasury and Finance Minister Berat Albayrak has ensured international investors that Turkey's reserves are sufficient and Ankara has been holding swap line talks with other countries.

Turkey's industry and technology minister on April 30 called on G20 member states to design an international accountability mechanism for countries that "behaved irresponsible or non-transparent" in times of crisis.

Romania will find itself in pole position when the engines of the world economy will be restarted after the crisis generated by Covid-19, as increasingly more foreign investors are willing to bet on Romanian business ideas, says Bianca Tudor, founder of Elite Business Women.

President Recep Tayyip Erdoğan warned the world's 20 major industrialized nations that no one can afford to implement protective and unilateral policies during the COVID-19 outbreak, at an emergency virtual summit on March 26.

An international fund under the auspices of the G-20 should be initiated to ensure an adequate and coordinated global action against the coronavirus, the Turkish foreign minister has said, a day before G-20 leaders are set to hold a videoconference to discuss what can be done in the fight against the fatal pandemic.

G20 finance ministers and central bank governors who met in Riyadh instead of attempting to forge a common effort to manage the coronavirus crisis simply issued platitudinous observations.

They noted that the epidemic will affect global economic development. One hardly needs to be a G20 member to realise that.

Turkish president on June 30 visited an Ottoman-themed exhibition in Kyoto city of Japan after finishing his official talks in line with the G20 summit in Osaka city.

The bitter U.S.-China trade war and signs of slowdown in the global economy have overshadowed a two-day Group of 20 (G20) summit that kicked off in Osaka, western Japan, on June 28 with a session on the world economy and trade.