Founded in 1999, the summit brings together industrial and emerging economies to give a more powerful voice to the developing world in the global economy.
This group makes up 85% of the world’s GDP and two-thirds of its population.
When it was first started, only the finance ministers and the central bank governors met at the same G20 summit.
In 2008, Lehman Brothers held a meeting between the heads of state after the crash, resulting in a global recession.
Since then there has been an annual meeting between the leaders of the G-20 Summit country. Between 2009 and 2010, leaders met twice a year when the global economy was in crisis.
In Berlin’s first meeting since 1999, there are 18 GBC peaks between finance ministers and the central governor.
The heads of state or the government of the G-20 Summit economy are 10.
Most of the G-20 Summit work is held in meetings and informal meetings, not in the annual summit.
G-20 Summit is a powerful international platform that collects global leaders and bankers from the top 20 companies in the world’s most successful and emerging economies.
Collectively, the group is responsible for 85 percent of GDP and two-thirds of the global population.
In order to increase global economic cooperation, in the later part of World War Two, G20 was established in 1999. This initiative also includes the establishment of the World Bank and International Monetary Fund.
This year the group’s annual G-20 summit was held in Hamburg, Germany on Friday 7 July and 8 July.
Climate change discussions, North Korea and trade deals dominated the top, in which Germany held meetings.
Which countries are G-20 Summit members?
- South Africa
- Saudi Arabia
- South Korea
- United Kingdom
- The United States of America
- The European Union, represented by the European Council
Agenda at the G-20 Summit meeting?
One of the most anticipated specimens in the summit was Donald Trump’s meeting with Vladimir Putin.
Prior to his showdown, the US President gave rare public criticism of “vandalize behaviour in Russia’s speech.
There were some tensions when two global juggernauts were sitting for negotiation, Netflix was involved in a handshake reminiscent of the drama House of Cards.
Despite the terseness, the pair struck a landmark ceasefire deal – even though they had different views on carrying out North Korea
Trump is set to negotiate with Trance May, after being out of Paris agreement in June, it is ready to challenge climate change.
Next to the Summit, following the atrocities of Manchester and London Bridge, the “alone wolf” of the future also started giving a rallying rune to leaders to develop a technology to prevent terrorist attacks.
He will return to the war in Syria and Iraq and request world leaders to share more leaders on the movement of well-known jihadi warriors.
In recent months, North Korea will also focus on missile testing in Kim Jong-ununited state’s successor nuclear weapons development.
It was indicated by Angela Merkel that climate change would be the main theme of the Free Trade and Migration Summit, Germany and the US. Could find themselves on the course of the collision.
The Annual Meeting of the G20 – World’s 19 Greatest Countries – plus European Union leaders – traditionally greeted with anti-corruption globalization, and there is no exception in Hamburg this weekend summit. But the US Due to the presence of President Donald Trump both the convention centres and the streets are expected to be charged more than usual.
Germany has been president of the G-20 Summit this year and has emphasized on agenda issues that assure approximately US President release, including Climate Change, Free Trade, Migrants and Refugees. Trump has already pulled the world’s largest economy from the group’s main climate contract and is expected to suggest new tariffs and trade barriers to meetings today and tomorrow.
Opponents of anti-globalization have organized for a month in the summit, and in fact, Germany made their job easier by annoying Humberg’s police – by preventing them at one place in the middle of the city – ensuring guarantees of major obstacles. Over 100,000 exhibitors are expected to attend, and dozens have already been arrested, while more than 150 police officers have been injured.
Whereas violence and tension aside, the consensus is still vital for global economic stability. Leaders of the world’s top economies can get together in the same room in the same room.
U.S, UK And even though there has been an increase in nationalist and protective sentiment in elsewhere, there is still power in the global economy. It only accounts for 58% of the global GDP, although it is below the top of 60.9% before the 2008 financial crisis.
Global trade as a percentage of global GDP
Expansion of G7, the leaders of the seven wealthiest countries, G-20 Summit formed in the early 1990’s, after Asia’s financial crisis, “Traditionally, global financial affairs could not manage for a long time”, then former US Treasury secretary Larry Unner And his research assistant, Matthew Schonefeld, explained in article 2012 (PDF) “It said that someone has serious medical problems Before visiting, do visit his doctor “. “It such that G20 finance ministers and central bank governor’s seats will remember for the first decade.”
G20 members contribute 85% of the global GDP. In about 20 years since the group’s establishment, the US Leader is there, but China is third in the sixth largest economy in 2000, only after the US and EU.
What are the main points of contention?
The top uncertainty of 2017 raises the re-assumption of President of the United States Foreign Policy, which has barred the United States from the rest of the majority of G-20 Summit and especially its host, Germany.
- On trade, the Trump Administration has withdrawn against the consensus of G-20 Summit; During initial negotiations, the group forced to stop its general commitment to “counteract all forms of conservation.” In addition to extracting the Asia-Pacific Trans-Pacific Partnership Trade (TPP) trade deal, which included many members of the G20 members, in a brief speech to raise the tariff on steel and other commodities in Trump Europe and Canada, Merkel in his parliament Conservationism asserted that it can not be an option because it “hurts everyone.”
- On the climate, the decision of the Trump to withdraw from the Paris accord separated from the rest of the United States by the United States; Germany expressed its disapproval, the Environment Minister of Merkel published “Investigation of the fact”. Which strongly criticizes Trump’s arguments for leaving the agreement.
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- Refugee policy can be another point of contention. Merkel has made controversial efforts to distribute many asylum seekers crossing Europe in the European Union. Trump, who a strong critic of continental Europe and refugees, said that the role of Merkel called “catastrophic”.
- The relations between the United States and the European Union with Russia have become much more than Russia’s interference allegations, the Ukraine-related sanctions, and the differences in the conflict in Syria.
- North Korea is a vicious global concern, which the country conducted its first successful Inter-International Ballistic Missile (ICBM) test on July 4th. Trop sees Twitter as a support for a North Korean rule to criticize his fellow G-20 Summit member China. And some observers predict Trump and will attack this issue at the Xi Summit
- Tensions have also arisen between Turkey and its German hosts, recently Germany requested Turkish President Recep Tayyip Erdogan to address Turns in a rally in Hamburg. Meanwhile, British Prime Minister Theresa May will face many European partners. with whom they are negotiating outside of their country from the EU. These elections come soon after, which significantly undermines their position.
Overview of the G20 specialised ministers’ meetings
In the eyes of the public, the G-20 Summit president often compared to the summit of state and government heads. However, most of the discussions and approvals already been worked out.
Particularly important contributions to this work done by a number of special secretaries of the G-20 summit. In these meetings, individual G20 issues are functioning deeply. For example, G20 finance ministers often meet during the year. In addition, during the German G-20 Presidency, the meetings of foreign affairs, labor, health, agriculture and digitization will hold.
Place and time have already established for planned special ministers meetings.
Overview of G20 special council meetings:
- Meeting of G-20 Summit Agriculture Ministers in Berlin on January 22, 2017
- Meeting of G20 Foreign Ministers on 16 and 17 February 2017 in Bonn
- G20 finance ministers and central bank governors meeting in Baden-Baden from 17th to 18th March 2017
- Meeting of G20 ministers in Dusseldorf on 6 and 7 April 2017
- Meeting of the G20 Labor Ministers in Bad Nunahara on 18 and 19 May 2017
- Meetings of G20 Health Ministers in Berlin 19 and 20 May 2017
The significant presence of police assisted by police with limited access to security zones. And other forces was in place from July 5 to 8; More soldiers from across the country deployed as developed protesters. Panchavan waters available and non-fly zones were located on parts of the city.
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