Leaders of G20 reiterated their support for WTO reforms at their virtual meeting on 21-22 November.
In particular, they supported the Riyadh initiative, which lists a series of principles to be taken into account in the context of WTO reform, such as transparency, fair competition, open markets and non-discrimination. The participants also stressed the desire to move towards a “level playing field” in their joint declaration at the end of the summit.
Taxation. They also stressed the need to combat tax evasion and fraud. In doing so, they called on the OECD/G20 Inclusive Framework on Base erosion and profit shifting (BEPS) to reach a comprehensive proposal by mid-2021.
This group, which brings together more than 125 countries and jurisdictions, works together to find standards in taxation. (Original version in French by Léa Marchal)