Custodian of the Two Holy Mosques Chairs Cabinet's Virtual Session 2 Riyadh

Wednesday 1441/11/24 - 2020/07/15
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Minister of State and Acting Minister of Media Dr. Issam bin Saad bin Saeid pointed out, in a statement to the Saudi Press Agency (SPA), that the Cabinet discussed the roles shouldered by the Kingdom of Saudi Arabia, in response to its responsibilities, as the president of the G20, including continuing to back up internationally exerted efforts to enhance the World Trade Organization (WTO), formulating a strategic vision for member states to consolidate the role of trade in bolstering economic growth and realize sustainable development, in such a stage, as the world experiencing great variables, in the trade system and reasserting the significance of the pivotal role of the WTO in formulating and enforcing international traded rules, caring for and developing them.
In addition, he added, to reviewing issues discussed during a G20 conference held under the chairmanship of the Kingdom of Saudi Arabia and the Paris Forum on restoring balanced levels for international capital flows and consolidating financing for development and confronting ensuing challenges of their volatilities, due to the health and economic fallouts of Coronavirus pandemics and exceptional procedures taken by the governments around the world, as well as their central banks in response to the crisis, on health and economic levels, to maintain the stability of world financial system.
The Cabinet reiterated strong condemnation and disapproval of the Iran-backed terrorist Houthi militia continuation of launching ballistic missiles and bobby-trapped drones targeting the Kingdom of Saudi Arabia, in a premeditated ways aimed at civilians and civilian sites, dismissing them as terrorist and savage attacks, as the militia reject to positively respond to the cease fire initiative announced by the Coalition to Restore Legitimacy in Yemen.
01:03 LOCAL TIME 22:03 GMT