Help small businesses and low-income people, Arkhom tells G20 ministers

The meeting brought together representatives of the European Union, eight industrialized countries – the United Kingdom, Canada, France, Italy, Japan, Germany, the United States and Australia – as well as 11 major economies, namely Argentina, Brazil, China, India, Indonesia. , Mexico, Russia, Saudi Arabia, South Africa, South Korea and Turkey.

The G20 countries represent 80% of the world economy and two-thirds of the world’s population.

This year’s G20 summit of finance ministers and central bank governors, held under the theme “Recover Together, Recover Stronger”, addressed six topics – the global economy, international financial architecture, financial sector regulation, infrastructure investment, sustainable finance and sustainable taxation.

The meeting agreed to look at all the tools needed to deal with food and energy insecurity as well as the rising cost of living in many countries. He also stressed the importance of cooperation to ensure a coordinated global response to the fight against food insecurity.

The meeting reaffirmed the G20’s commitment to the implementation of an international tax package while focusing on the implementation of the Asia Initiative Declaration on International Taxation, which calls for increased transparency and the exchange of information for tax purposes.

On Thursday, Arkhom also met with senior executives from financial institutions HSBC and Mitsubishi UFJ Financial Group, said Pornchai, who is also director of the Finance Ministry’s Office of Fiscal Policy.

Leaders of the two financial institutions expressed confidence in the Thai economy and the government’s investment policies for long-term development, the spokesperson said.

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