Trade Minister Bolat to visit US for G20 meeting — Anadolu Agency

Türkiye’s Trade Minister Omer Bolat will travel to the United States on Wednesday to attend the G20 Trade Ministers’ Meeting and the Global Forum on Steel Excess Capacity. The two-day event will take place in Milwaukee, Wisconsin, under the US G20 presidency.

G20 meeting agenda

Trade ministers will discuss countering the use of food supplies as an instrument of coercion through trade decisions, eradicating forced labor in global supply chains, and the issue of structural overproduction. Participants will also consider possible changes to the most-favored-nation principle, which is one of the fundamental principles of the multilateral trading system.

Participating countries will present their own policies on these issues and discuss approaches to strengthening global economic cooperation. According to Anadolu Agency, citing Türkiye’s Ministry of Trade, Bolat will present Ankara’s strategic vision and its specific concerns regarding the proposed changes in global trade.

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Steel overproduction forum

The Global Forum on Steel Excess Capacity will consider the chronic problem of overproduction, which creates tensions in the global metals trade. Participants will assess the economic impact of market surpluses and discuss practical steps to address the causes of industrial overproduction.

On the sidelines of the summit, the Turkish minister will also hold bilateral meetings with senior officials from the United States, the EU, Canada, the United Kingdom, Poland, South Korea, and Saudi Arabia. The sides plan to assess current bilateral economic initiatives and the progress in implementing mutual trade agreements.