Know about the G20 and its latest summit
19 nations plus the European Union make the G20.
G20 accounts for 85% of the world’s nominal GDP.
Many issues were discussed with mostly positive outcomes including:
India sent a tough message by refusing to attend the digital economy summit pushed by Japanese Prime Minister Shinzo Abe, as his plan for “data free flow with trust”, included in the G-20 declaration, runs counter to the Reserve Bank of India’s proposed data localisation guidelines.
Saudi Arabia hosting the next G-20 in 2020, followed by Italy in 2021, and India plans to highlight when it holds the G-20 summit in 2022
The G-20 is an important platform to discuss pressing issues, and it must not be detracted from its original purpose of promoting sustainable growth and financial stability by grandstanding by one or two members.
G20 accounts for 85% of the world’s nominal GDP.
Many issues were discussed with mostly positive outcomes including:
- USA-China trade war.
- USA-India tariff issues.
- Russia-India-China.
- USA-Japan
- Brazil-Russia-India-China-South Africa groupings.
- Ocean pollution management.
- Gender equality.
- Concerted efforts to fight corruption.
- Climate change and its impact.
- Balance between the needs for speed and national security with 5G networks
- Technology-driven terrorism
India sent a tough message by refusing to attend the digital economy summit pushed by Japanese Prime Minister Shinzo Abe, as his plan for “data free flow with trust”, included in the G-20 declaration, runs counter to the Reserve Bank of India’s proposed data localisation guidelines.
Saudi Arabia hosting the next G-20 in 2020, followed by Italy in 2021, and India plans to highlight when it holds the G-20 summit in 2022
The G-20 is an important platform to discuss pressing issues, and it must not be detracted from its original purpose of promoting sustainable growth and financial stability by grandstanding by one or two members.