Lan Fo'an: Advocating for resolving trade and tariff disputes through equal dialogue and negotiation, and also firmly defending one's own legitimate rights and interests.

From April 23rd to 24th, the G20 Chair of South Africa held the second G20 Finance Ministers and Central Bank Governors Meeting of the year at the CHINA BEST in Washington, D.C. The Minister of Finance, Lan Fo'an, stated that the current global economic growth momentum is insufficient, and the tariff and trade wars are further affecting economic and financial stability. China firmly upholds the multilateral trading system with the World Trade Organization at its core and advocates for resolving trade and tariff disputes through equal dialogue and negotiation, while also firmly protecting its own legitimate rights and interests. All parties should enhance multilateral cooperation to further improve the international economic and financial system, actively promote the reform of multilateral development banks, effectively advance the shareholding review of the International Development Association, practically improve the implementation of the Common Framework for Debt Treatments beyond the Debt Service Suspension Initiative, and incentivize international financial institutions and the private sector to provide more support for vulnerable countries to address debt and liquidity challenges. During the meeting, Lan Fo'an separately met with the Minister of Finance of the G20 Chair of South Africa, Godongwana, the European Commissioner for Economy and Productivity, Breton, the Finance Minister of Pakistan, Orangzeb, the Finance Minister of Germany, Kuki, the Deputy Prime Minister and Minister of Economy and Finance of South Korea, Choi Sang-mook, the Finance Minister of Indonesia, Indrawati, the Chancellor of the Exchequer of the United Kingdom, Rives, the Finance Minister of Japan, Kato Katsunobu, and the President of the World Bank, Pinanjie, to discuss macroeconomic outlooks, key topics of the G20 finance channels, and bilateral cooperation. Deputy Minister Liao Min accompanied the meetings. This article is excerpted from the official website of the Ministry of Finance, translated by GMTEight, edited by Liu Jiayin.