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.

Macron says G7 wouldn’t mind being 6, without US

French President Emmanuel Macron said on Thursday that G-7 wouldn’t mind signing a six country agreement, suggesting that the Group of Seven doesn’t need the U.S. Macron made the remarks against U.S. President Donald Trump as he spoke with Canada’s Prime Minister Justin Trudeau. Asked by reporters whether the problem with Trump was that he “didn’t care about being isolated”, Macron said: “You say the U.S. President doesn’t care at all. Maybe, but nobody is forever,” he told a news…

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G7 will look to Canada to lead on climate action — at home and abroad

The stakes are high and the world’s eyes are set on Charlevoix, Que., for the G7 summit. Leaders from the member countries will discuss the agenda set by Canadian Prime Minister Justin Trudeau this weekend. Among the key topics: climate change, clean energy and economic growth. With such an important role comes an immense responsibility. Canada has the capacity to lead on climate change internationally but it must also lead by example at home. Paris climate agreement soon operational The summit comes during…

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Donald Trump’s relationship with Russia keeps raising eyebrows

History will have to judge whether President Donald Trump is really the master of the ‘art of the deal’. But he’s certainly a master of distracting attention from one crisis by starting another. His last-minute call (literally made as he boarded his helicopter) for Russia to be welcomed back into the Group of Seven is a perfect example of Trump’s talent for changing the subject. Perhaps his only goal was to set the cat among the pigeons who were waiting to lecture him…

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Kremlin – Vienna being considered as venue for possible Putin-Trump summit

QINGDAO, China (Reuters) – Vienna is one of the cities being considered as the venue for a possible summit between Russian President Vladimir Putin and his U.S. counterpart Donald Trump, Kremlin spokesman Dmitry Peskov told reporters on Saturday. FILE PHOTO: U.S. President Donald Trump meets with Russian President Vladimir Putin during their bilateral meeting at the G20 summit in Hamburg, Germany, July 7, 2017. REUTERS/Carlos Barria/File Photo Putin said last month that the proposed summit between him and Trump was…

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Is it the Group of Seven, Eight, Six-Plus|One?

WASHINGTON (AP) — President Donald Trump raised eyebrows Friday by suggesting Russia should be allowed to rejoin the elite group of leading industrialized nations now known as the Group of Seven or G-7. His suggestion to give Russian President Vladimir Putin a seat at the table comes as some European allies aren’t even sure whether Trump is a good fit for the group. Here’s what happened and why it matters: RUSSIA WAS KICKED OUT There are plenty of international forums…

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40-year Vietnam-Turkey diplomatic ties: cooperation for development

Vietnam and Turkey will cooperate further for mutual development, thanks to their existing potential and the resolve of their leaders and people. The affirmation was made by Deputy Foreign Minister Vu Hong Nam in an article published in Vietnam News Agency’s Tin Tuc newspaper on the occasion of the 40th anniversary of bilateral diplomatic relations (June 7, 1978-2018). Nam recalled a speech by Turkish Prime Minister Binali Yildirim during his visit to Vietnam on August 23, 2017, in which the…

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5 issues to watch out for at SCO’s Qingdao summit

‘Given the sharp increase in oil prices, a mounting problem for the 2nd and 4th largest importers like China and India — the Qingdao meeting is likely to push for the large energy producers (Russia and the Central Asian Republics) and energy consumers (China and India) to arrive at some understanding for mutually beneficial outcomes,’ notes Srikanth Kondapalli. Illustration: Dominic Xavier/Rediff.com The 18th Shanghai Cooperation Organisation meeting at Qingdao on June 9-10 could turn out to be high in agenda…

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China’s trade surplus just narrowed — but not with the US

US President Donald Trump and Chinese President Xi Jinping, right, arrive for a meeting on the sidelines of the G-20 Summit in Hamburg, Germany, Saturday, July 8, 2017. Saul Loeb/Pool Photo via AP China’s trade surplus narrowed in May, driven lower by a surge in imports. According to China’s National Bureau of Statistics (NBS), a trade surplus of $24.92 billion was recorded in May, down from $28.78 billion a month earlier. Markets were looking for an increase to $31.9 billion.…

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Austria offers to host Trump-Putin summit, as Russian leader talks war

Russian efforts to disrupt the American presidential election in 2016 remain a source of tension between the two nations and has led to US sanctions of several Russians close to Putin and his circle. The election meddling has also the focus of the investigation by Special Counsel Robert Mueller, who has been looking into whether any Trump associates colluded in the Russian efforts. President Donald Trump, right, and Russia President Vladimir Putin in Vietnam in 2017. Photo: AP Putin and…

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At least 1 arrested in Quebec City protest on the eve of the G7 summit

At least one protester has been arrested in the first major protest march of the G7 summit. Roughly 500 people marched in a protest organized by the Réseau de résistance anti-G7 (RRAG7), a coalition of groups opposing racism, colonialism and capitalism.  About two dozen black bloc protesters marched with their faces covered, scrolling graffiti on walls. CBC Reporter Sarah Leavitt said she witnessed protesters threaten two journalists. Police wearing riot gear surrounded protesters, the bulk of whom were peaceful, and two police helicopters flew overhead.  Quebec City police officers will not confirm how many…

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Hundreds march as protests heat up in Quebec City on the eve of G7 summit

Roughly 400 people are marching across Quebec City in the first major protest march of the G7 summit. Tonight’s protest was organized by the Réseau de résistance anti-G7 (RRAG7), a coalition of groups opposing racism, colonialism and capitalism.  “A huge amount of money was spent to make sure there’s a lot of security, a lot of police, and we are worried about the restrictions on the right to protest,” said Alice-Anne Simard of the organization Eau Secours, one of the groups in RRAG7.   “We also denounce the neo-liberal policies of…

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Protests heat up in Quebec City on the eve of G7 summit

The first major protest march of the G7 summit is set to start Thursday evening, as protests ramp up on the eve of the G7 summit. It’s organized by the Réseau de résistance anti-G7 (RRAG7). The marchers will leave from the Parc des Braves in Old Quebec and move toward Quebec City’s convention centre, where delegates from several countries have gathered for parallel meetings to the G7. Some 1,400 representatives from 300 international media organizations are set up in the convention centre, where they will be following news conferences in La Malbaie via teleconference, more…

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Canada, France forge united front ahead of G7 summit with Trump

OTTAWA—Canada and France have forged a united front on climate change, trade and a deal to deter Iran’s nuclear proliferation ahead of what promises to an acrimonious face-off with U.S. President Donald Trump at this week’s G7 summit. After an intimate dinner with just their spouses at the prime minister’s Harrington Lake official residence in the Gatineau Hills, Justin Trudeau and French President Emmanuel Macron promised Thursday they’d have each other’s back at the G7 table, outlining areas where they…

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Civil rights groups worry about the number of detention spaces ahead of G7 protests

QUEBEC — The number of detention spaces that have been opened up around the Quebec City-area in anticipation of anti-G7 protests is leading human rights groups to worry about the intentions of security forces. Representatives from Amnesty International and Quebec’s league for civil liberties said Thursday they’ve been told by police that officers aren’t looking to make any mass arrests. “But with all the security measures that have been put in place, it’s leading us to believe there is a…

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UAE jumps in annual peace index despite global downturn

The UAE has jumped 12 places in the annual Global Peace Index (GPI) report, produced by The Institute for Economics and Peace, an international think tank. The GPI revealed that the world is less peaceful today than at any time in the last decade but the UAE rose from 56th to 44th, and up to second out of 20 countries in the Middle East and North Africa region. The rise was one of the most significant recorded in this year’s…

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The rise and fall of summit protesting: What to expect outside the G7 leaders’ summit

The Canadian government is spending around $400 million to secure the upcoming G7 leaders’ summit in La Malbaie, Que., much of that to keep protesters from disrupting the meeting.   But even if the security bill is on par with previous summits held in Canada, the demonstrations — which begin with a planned march this evening in Quebec City — are unlikely to be. Recent G7 meetings have seen only small, if spirited, protests. At last year’s meeting in Sicily, organizers were expecting crowds…

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