The G20 Trade and Investment Ministers’ meeting concluded on Friday at Jaipur. Under India’s Presidency, the G20 Trade and Investment Ministerial reached a consensus on five concrete and action-oriented deliverables which have been adopted in the Outcome Document of Trade Ministerial Meeting. The G20 countries agreed to adopt High-Level Principles on digitalization of trade documents and 10 broad principles that comprehensively cover various dimensions of an effective transition to paperless trade. These principles will provide guidance to the countries in implementing measures related to the cross-border exchange of electronic trade-related data and documents, emphasizing the need for a secure inter-operable and transparent paperless cross-border trade environment.
 
Addressing the media after the meeting, Union Minister for Commerce and Industry Piyush Goyal said that G20 Ministers also issued a Jaipur Call for Action for enhancing access to information for MSMEs. He said that the Ministers also endorsed a G20 Generic Mapping Framework for Global Value Chains which contained key building blocks of data, analysis, and representation of GVC data.