Switzerland-based the International Center for Trade and Sustainable Development said that the G20 Trade Minister Meeting will further improve countries' ability to promote investment policy cooperation and coordination, supporting the World Trade Organization and building global value chain.

As leaders from the world's 20 largest economies prepare to meet in Hangzhou in September, ideas are emerging over how the world should respond to the global economic crisis, ICTSD said in a statement. It added that the meeting has supported practical documents and proposals in light of the current global geopolitical, economic and governance context.

China holds the presidency of the G20 this year and, under its initiative, for the first time, the G20 is highlighting development issues in the framework of global macro policy and working on a systematic plan of action for the implementation of the United Nation's 2030 Agenda for Sustainable Development.