The G-20 comprises the G-7 nations, plus developing nations such as Brazil, China, India and Russia.The G-20’ss members represent two-thirds of the world’s people and 85% of its economy. Since 2007, the news media has covered each G-20 summit that recognizes the members’ role as significant drivers of the world economy.
The G-20’s primary mandate is to prevent future international financial crises and shape the global economic agenda. The finance ministers and central bank governors of the G-20 countries meet twice a year and at the same time as the International Monetary Fund and the World Bank. In 1999, the meetings started as an informal get-together of finance ministers and central bankers seeking a dialogue between developing and developed countries.
G-20 gatherings generally are the site of fights against the G-20 plan. They guarantee the gathering centers a lot around monetary interests and globalization. Nonconformists need the G-20 pioneers to concentrate on at least one different issues:
Destitution: In 2010, dissidents were against the G-20’s emphasis on monetary duty and gravity at the expense of social projects. They likewise were against the $1 billion expense of the gathering itself, which was borne by Canadian citizens.
Environmental Change: Protesters needed the G-20 to pull together on an Earth-wide temperature boost as a need.
Sexual orientation Equality: Protesters contend G-20 nations need to give more consideration to rights for the LGBT people group. They request all the more subsidizing for family arranging, including premature births.
Movement: Protesters look for progressively open fringes for workers escaping philanthropic emergencies in their home countries.
The G-20 members include the G-7 nations—Canada, France, Germany, Japan, Italy, the United Kingdom, and the United States—and 11 emerging market and smaller industrialized countries—Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, South Korea, and Turkey. The EU is also a member of the G-20.
The G-7 nations have no legal or political authority, but they wield significant influence as some of the leading economies in the world. Russia had been part of what previously was known as the G-8, but it was excluded after invading Crimea in 2013.
“President Donald Trump called Indian Prime Minister Narendra Modi to congratulate him for his Bharatiya Janata Party’s historic election victory,” according to the White House. The two leaders also agreed to meet at the G-20 Summit, to be held on June 28 and 29, in Osaka, Japan. The leaders also expressed that they look forward to seeing one another at the G-20 Summit in Osaka, where the US, India, and Japan will hold a trilateral meeting to pursue their shared vision for a free and open Indo-Pacific.
Prime Minister Narendra Modi on Friday presented a 10-point agenda to fight terrorism at the summit of the powerful G20 nations here and said that the international response to deal with the menace has been weak, and hence, needed “concrete efforts”.
Welcoming a plan adopted by G20 on counter-terrorism, he urged the world leaders to make concrete efforts against those providing safe-havens to terrorists. In a veiled dig at Pakistan, the prime minister said some nations are using terrorism to achieve political gains. He said the representatives of such countries, which support terrorism, must be banned from the G20 Summit.
The annual summit of the Group of 20 nations has ended in Osaka, Japan. The ongoing trade war between China and the United States, the world’s two biggest economies, topped the agenda. The G-20 is an international leaders’ forum comprising 19 countries and the European countries. Collectively, the grouping represents more than 80 percent of the world’s economic output and two-thirds of its people. Its primary aim is to promote international financial stability.
Equating Pakistan-based LeT and JeM terrorist groups to ISIS and Al-Qaeda, he said their names may be different but ideology is the same.
Stressing that it is important to deter countries that support terrorism, PM Modi presented a 10-point agenda to fight the menace of global terrorism.
- List of terrorists must be exchanged between G20 countries.
- Legal processes like extradition must be simplified and expedited to bring the terrorists to justice.
- Fast adoption of the Comprehensive Convention on International Terrorism.
- Effective implementation of UNSC resolutions and other international processes.
- Exchange of best practises and collective efforts in G20 towards de-radicalization programmes.
- Closure of various sources of terror funding by exercising international law.
- Just like the Financial Action Task Force (FATF), a Weapons and Explosive Action Task Force (WEATF) was formed to close the supply of weapons to terrorists.
- Concrete efforts among G20 nations on Cyber security against terrorist activities.
- Formation of national security advisors (NSAs) on Counter Terrorism mechanism in G20.
- Countries which support terrorism must be banned from G-20 Summit.
Leaders of Russia, India, and China have urged joint action against unilateralism. Meeting on Friday on the sidelines of the G20 summit, Russian President Vladimir Putin, China’s Xi, and Indian Prime Minister Narendra Modi talked about ways to bolster ties between their nations. Putin emphasised the three countries agreed on the need to rely on international law, respect national sovereignty, and refrain from interference in internal affairs of other nations. He added they held meetings with foreign ministers and top security officials to coordinate action against terrorism, drug trafficking and other challenges. Putin noted Russia, China and India firmly oppose protectionism, unilateral actions, and unlawful sanctions.
President Donald Trump says the US will hold off raising tariffs on more than $300bn worth of Chinese goods while negotiations to end the trade war between the two countries continue.
“We will be continuing to negotiate. And I promised that for at least the time being, we are not going to be lifting tariffs on China, and we won’t be adding an additional, I guess we have $350bn left which could be taxed, or could be tariffed. And we’re not doing that. We’re going to work with China on where we left off to see if we can make a deal,” Trump said at a news conference at the end of the two-day G20 Summit.
On the last day of the G-20 Summit, the US president says negotiations with China towards ending their trade dispute will resume. The annual summit of the Group of 20 nations has ended in Osaka, Japan. The ongoing trade war between China and the United States, the world’s two biggest economies, topped the agenda.