NAGOYA, Japan, Nov. 23-- Chinese State Councilor and Foreign Minister Wang Yi on Saturday attended here the Group of 20 (G20) Foreign Ministers' Meeting, calling for upholding multilateralism and free trade. Amid the growing downturn risk of the world economy and the rising unilateralism and protectionism, the world is facing instability and uncertainty, the Chinese state councilor said, adding "we need to act positively." Multilateralism should be upheld and unilateralism and protectionism should be rejected, Wang said, adding multilateralism is the key to addressing global challenges. He said the G20 should take the lead in promoting multilateralism and work out feasible solutions for the sound development of the world economy. Openness and integration should also be upheld to promote liberalization and facilitation of trade and investment, Wang said. The rules-based multilateral trading system should be upheld and necessary reforms to the World Trade Organization should be carried out to create an open, fair and non-discriminatory playing field, he said, adding developing countries should be supported in continuing to enjoy "special and differential treatment." Stressing that fairness and justice should be upheld to advance the reform of the international financial system, Wang said the G20 should continue to provide political guidance for the reform, push for the early launch and substantial progress of the International Monetary Fund's 16th general review of quotas, and increase the representation and voice of emerging markets and developing countries. |