BALI /Indonesia/, November 16. /TASS/. The countries of the Group of Twenty (G20) will continue fostering a favorable trade and investment environment for all, according to the declaration by the group’s leaders approved on Wednesday following the Bali-hosted summit.

"We will continue to ensure a level playing field and fair competition to foster a favorable trade and investment environment for all," the declaration reads.

G20 member-states reaffirmed that "the rules-based, non-discriminatory, free, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system, with the WTO at its core, is indispensable to advancing our shared objectives of inclusive growth, innovation, job creation and sustainable development in an open and interconnected world as well as to supporting the resilience and recovery of a global economy under strain due to COVID-19 and global supply chain disruption," according to the document.

Reforming the WTO is key in strengthening trust in the multilateral trading system, G20 leaders noted.