G20 Summit

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                                                          G20 Summit



Welcome to my blog and thank you for this much support. So let's start. Today's blog is based on the "G20 Summit". The annual Group of 20 summit meeting, which brings together President Trump and other world leaders, is intended to foster global economic cooperation. But with so many top officials in one place, it also serves as an all-purpose jamboree of nonstop formal and informal diplomatic activity.


This year’s meeting takes place in Osaka, Japan, on Friday and Saturday, and the official agenda includes trade, artificial intelligence, women’s empowerment, and climate change. If the members can reach a consensus on those subjects and others, they will produce an official joint declaration at the end. That might not be easy: President Emmanuel Macron of France, in a challenge to the United States, has threatened not to sign any joint statement that does not adequately address climate change. And Mr. Trump, before reaching Osaka, lashed out at Japan, Germany, and India — all American allies.
Mr. Trump’s primary focus, however, is likely to be on a series of one-on-one meetings with foreign leaders. On Friday, he is to sit down with President Vladimir V. Putin of Russia, with whom he hopes to refresh relations, and on Saturday, he is to meet with President Xi Jinping of China, with whom he planned to discuss a trade standoff that has spooked global markets.
Here is a look at what the Group of 20 is and does, and some of the important things to watch over the next two days.



What is the G20?
The Group of 20 is an organization of finance ministers and central bank governors from 19 individual countries and the European Union.
In addition to the United States, those countries are Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, and Turkey. Collectively, its members represent more than 80 percent of the world’s gross domestic product.
Established in 1999 after a series of major international debt crises, the G20 aims to unite world leaders around shared economic, political and health challenges. It is a creation of the more select group of 7, an informal bloc of industrialized democracies. 
Supporters argue that as national economies grow ever more globalized, it is essential that political and finance leaders work closely together.
What will be on this year’s agenda?


The official themes for Osaka include global economic risks, trade disputes, job growth and investment, innovation and artificial intelligence, and women in the workplace. Japan is emphasizing the problem of plastic litter in the world’s oceans and seas.
Several nations also hope to place a strong emphasis on collective action against climate change, a subject that may become a political flashpoint. This week, Mr. Macron called an affirmation of the 2015 Paris climate agreement a “red line” for drawing his signature on any joint statement. But Mr. Trump has called climate change a “hoax” and declared that the United States would withdraw from the Paris accord.



What is the G20 summit meeting?
Formally the “Summit on Financial Markets and the World Economy,” the G20 meeting is an annual gathering of finance ministers and heads of state representing the members.
It bills itself as the “premier forum for international economic cooperation.” The heads of the state first convened officially in November 2008, as the global financial crisis began to unfold, and have met at least once a year since then. 
The annual summit meeting is hosted by the nation holding the rotating presidency; this year, it’s Japan. Representatives from other nations and global organizations are also expected to attend the Osaka gathering, including Spain, Vietnam, the World Trade Organization, the International Monetary Fund, and the World Bank.






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