G20

G20

Welcome to our G20 Blog Section, here you will find information and latest news on the G20.

The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank. The finance ministers and central bank governors began meeting in 1999, at the suggestion of the G7 finance ministers in response to the global financial crisis of 1997-99.

The Group of Twenty (G20) is an international forum that brings together the world’s 20 leading industrialised and emerging economies. The group accounts for 85 per cent of world GDP and two-thirds of its population.

Much of the important business takes place on the sidelines and in informal meetings.

Membership of the G20 consists of 19 individual countries plus the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), two-thirds of the world population,and approximately half of the world land area.

Below is our list of blogs about G20.

China is hurting itself and the world by pretending it is poor

Almost any foreign official, businessman or journalist visiting Beijing has heard the mantra that China can’t be expected to open up its markets or meet more stringent international standards because it’s still a developing economy. Maybe that argument was valid 20 years ago. Now it’s increasingly tenuous. China’s influence in the world is growing. Photo: AP Pleading poverty ignores the tremendous economic progress China has made in the last few decades. When China joined the World Trade Organization in 2001,…

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Putin defends Trump’s refusal to back G7 communique before once again suggesting a meeting

MOSCOW — President Vladimir Putin of Russia said Sunday during a visit to China that he would meet President Donald Trump “as soon as the American side is ready” but insisted Russia was in no hurry to win readmission to the Group of 7 nations because it belongs to a Chinese-led grouping that he described as more important. Putting a brave face on a failed effort by Trump to have Russia readmitted to the world’s most exclusive diplomatic club, Putin…

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Summits are tricky: Kennedy, Nixon and Reagan learned the hard way

Although President Donald Trump often criticizes his predecessors for failing to resolve the nuclear stalemate on the Korean peninsula, he seems largely indifferent to history and its lessons. WASHINGTON — In his 1961 inaugural address, President John Kennedy spoke about the possibility of daring diplomacy to thaw even the coldest of relationships: “Let us never negotiate out of fear. But let us never fear to negotiate.” Those words, often cited by President Barack Obama, could also be repurposed by President…

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dictators have scored presidential face time before

Back home, Hoover denounced the Nazis’ “disregard for both life and justice”, but he argued the United States should stay out of European conflicts with Germany. He thought Hitler posed a bigger threat to Joseph Stalin’s Soviet Union than the West. Herbert Hoover, left, meets Adolf Ritler in Berlin in 1938. Photo: AP/File Roosevelt’s wartime meetings with Stalin Franklin Roosevelt and Winston Churchill met twice with Soviet dictator Joseph Stalin during World War II, to coordinate the fight against Germany.…

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Emmanuel Macron attacks Donald Trump’s ‘fits of anger’ after G7 talks unravel

French President Emmanuel Macron has criticised Donald Trump’s “fits of anger” amid a spat over trade at the G7 summit. The summit, which saw the leaders of the world’s seven of the most powerful countries meet, ended poorly after the US president refused to endorse a joint communique with the other G7 leaders. Following the summit in Charlevoix, Canada, Mr Trump took to Twitter where he called Canadian prime minister Justin Trudeau “meek” as well as “very dishonest and weak”. Trump backs out of joint…

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Trump-Kim summit: Everything you need to know

The American, Singaporean and North Korean flags decorate the entrance of a local bar on June 7 in Singapore. | Wong Maye-E/AP Photo The who, what, when, where and how of the highly anticipated diplomatic gathering. By CRISTIANO LIMA 06/10/2018 11:37 AM EDT President Donald Trump is poised to hold a historic meeting with North Korean leader Kim Jong Un on Tuesday, the first known face-to-face between a sitting U.S. president and a head of the Asian country. The summit…

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The Guardian view on Trump and the G7 summit: a watershed moment | Editorial | Opinion

The failure of the G7 meeting in Charlevoix, Quebec, marks a watershed for the 21st-century democracies. It is the moment when Donald Trump’s disruption of the international order moved from annoying threat to damaging reality. Mr Trump went to Quebec only under protest. He made no effort to compromise on his tariff war. He arrived late for meetings, chided the other leaders and left early. He snubbed the final communique. He tweeted insults to his Canadian hosts from his plane as he…

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Europe Rebukes Trump After He Changes Mind On G7 Statement

European leaders are fighting back against U.S. President Donald Trump after the American leader threw a summit of the Group of Seven (G7) leading industrialized nations into disarray by withdrawing his endorsement of a statement he initially had accepted. Late on June 9, Trump tweeted that based on “false statements” by Canadian Prime Minister Justin Trudeau, who hosted the G7 summit in Quebec, he had instructed U.S. representatives not to endorse the final communique, which the Canadian leader had said…

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Trump’s hand left with thumbprint after Macron handshake at G7 summit

In the latest in the saga that is the world’s fascination with the way in which US President Donald Trump and French President Emmanuel Macron shake hands, a picture showing an imprint of the Frenchman’s thumb on the American’s hand post-handshake has lit up the internet. The two met during the G7 summit in Charlevoix, Canada this week for an annual meeting between seven of the world’s largest economic powers. During their encounter, reporters asked them tough policy questions like,…

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Trump Backtracks, Says U.S. Will Not Endorse Final G7 Statement

U.S. President Donald Trump has thrown a summit of the Group of Seven (G7) leading industrialized nations into disarray, withdrawing his endorsement of a statement he initially had accepted, as a dispute between the United States and its allies intensified. Late on June 9, Trump tweeted that based on “false statements” by Canadian Prime Minister Justin Trudeau, who hosted the G7 summit in Quebec, he had instructed U.S. representatives not to endorse the final communique, which the Canadian leader had…

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Prime Minister Hasina attends Quebec governor’s dinner during G-7 Outreach Summit – bdnews24.com

The Bangladesh premier joined the dinner on Friday evening at La Citadelle de Quebec. The dinner was hosted for the heads of the government, heads of state and representatives of international organisations. Prime Minister Hasina exchanged greetings with South Africa President Cyril Ramaphosa, Vietnam Prime Minister Nguyen Xuan Phuc, president of Haiti and Caribbean Community Chairperson Jovenel Moise and other guests, said Press Secretary Ihsanul Karim. Foreign Minister AH Mahmood Ali accompanied the prime minister to the dinner. The premier…

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À qui la rue? Police presence puts a chilling effect on protests during the G-7 summit.

by Nora Loreto June 9 at 1:23 PM Police walk toward protesters during a demonstration against the Group of Seven in Quebec City on Friday. (Martin Ouellet-Diotte/AFP/Getty Images) Nora Loreto is a Canadian freelance writer and author of “From Demonized to Organized: Building the New Union Movement.” Quebec City is a government town. After work, thousands of people line up and wait for the dozens of buses that take them to the suburbs that surround the city. During the afternoon commute…

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Trump Says U.S. Will Not Endorse G7 Statement Approved Earlier

U.S. President Donald Trump has said on Twitter that he now does not endorse a Group of Seven statement that he initially had accepted, as the dispute between the United States and its allies intensified. Trump on June 9 tweeted that based on “false statements” by Canadian Prime Minister Justin Trudeau, who hosted a G7 summit in Quebec, he had instructed U.S. representatives not to endorse the final communique, which the Canadian leader had said was agreed to by all…

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FULL TEXT-The Charlevoix G7 Summit Communique – Finance News

LA MALBAIE, Quebec, June 9 (Reuters) – 1. We, the Leaders of the G7, have come together in Charlevoix, Quebec on June 8–9, 2018, guided by our shared values of freedom, democracy, the rule of law and respect for human rights and our commitment to promote a rules-based international order. As advanced economies and leading democracies, we share a fundamental commitment to investing in our citizens and meeting their needs and to responding to global challenges. We collectively affirm our…

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Heavy security quells scattered protests at Canada G7 summit | Top News

QUEBEC CITY, Quebec (Reuters) – A heavy police presence and an isolated summit site thwarted protesters at the Group of Seven meeting in Canada on Saturday, dousing all but a smattering of demonstrations against the powerful world leaders. Riot police line the street while facing off protesters during a protest march at the G7 Summit in Quebec City, Quebec, Canada, June 8, 2018. REUTERS/Chris Wattie With U.S. President Donald Trump and top U.S. allies huddled at a luxury hotel, almost…

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Russia never asked for reinstatement as G8 member, believes future is in G20: FM Lavrov

Russian Foreign Minister Sergei Lavrov says his country has never “asked to be allowed back” to the G8 group of industrial nations as it believes that Russia is currently working perfectly well in other formats, including the G20 that is the most promising platform in the long run. “When our western partners decided to return to the G7 format, we accepted their decision and have been working on other platforms since then,” the Russian foreign minister said in an…

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