The latest world news is about the international summit G-20. G-20 which is termed as the International Forum for the government and the Central Bank Governors from the most major and highly economical Countries which counts up to 20. The first brick for the organisation was founded in the 1999, while focusing on the aims of promoting and developing the methods to counter global issues and problems which is affecting the authenticity and financial stability while marking the points like studying, reviewing and promoting high-level discussion which will later pertains to the solving of all this problems and issues at a major love with mutual consent and possible help from the other helping countries too.
The member of the G-20 includes basically 19 members countries which are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi, Arabia, South Africa, Turkey, United Kingdom and the United States along with the whole European Union which stands as the (EU). The EU is being referred to the European Commission and by the European Central Bank collectively. The G-20 summits for almost 85% of the World’s Gross Product (GWP) and 80% of the World’s Trade. The meeting which is being held for the 2016 summit was the eleventh meeting of the G-20 group and it was being scheduled for 4-5 September 2016 in the city of Hangzhou province of Zhejiang and it was first ever meet to be hosted in the China and secondary Asian Country after a very long time.
There are very speculations from the meetings and before the meeting Barack Obama and Xi Jinping announced that the ratification of the Paris agreement which was discussed while the (2015 United Kingdom climate change conference). They were the 26th Country to do this ratification agreement so far. The biggest reason was because of the 18-20% of the global carbon dioxide emission through these countries, Carbon Dioxide is the most major and biggest reason for the global problem ‘Global Warming’. The leaders who lead this year’s summit are:
Mauricio Macri, President,
Malcolm Turnbull, Prime Minister,
Michel Temer, President,
Justin Trudeau, Prime Minister,
Xi Jinping, President (Host)
François Hollande, President,
Angela Merkel, Chancellor,
Narendra Modi, Prime Minister,
Joko Widodo, President,
Matteo Renzi, Prime Minister,
Shinzō Abe, Prime Minister,
Enrique Peña Nieto, President,
Vladimir Putin, President,
Mohammad bin Salman Al Saud, Deputy Crown Prince,
Jacob Zuma, President,
16.Republic of Korea
Park Geun-Hye, President,
Recep Tayyip Erdoğan, President,
Theresa May, Prime Minister,
Barack Obama, President,
Donald Tusk, President of the European Council,
Jean-Claude Juncker, President of the European Commission,
Specially Invited guests in The Summit 2016:
President, chairperson of the African Union for 2016
Abdel Fattah al-Sisi, President, guest invitee,
Kazakhstan, President, guest invitee,
Bounnhang Vorachith, President, chair of the Association of Southeast Asian Nations for 2016,
Macky Sall, President, president of New Partnership for Africa’s Development,
Mariano Rajoy, Prime Minister, permanent guest invitee,
Lee Hsien Loong, Prime Minister, guest invitee,
Prayut Chan-o-cha, Prime Minister, guest
Important Highlights of 2016 G-20 Summit:
1.The important highlights of the meet were that Vladimir Putin and Barack Obama hold a blunt meeting at the Summit.
2. A first priority is a coordinated effort to raise growth. The G20 agreed that this will require making full use of all policy levers – monetary, fiscal, and structural – individually and collectively.
3. A second priority is a commitment that growth must be more widely shared. Again, countries should deploy proven tools to reduce excessive inequality and raise economic prospects, particularly for low-income groups and workers affected by the sudden and rapid technological change – for example, through providing skills training and by increasing investments in education and health.
The very concept based and deep research takes out all the points which are marking those lackings which is being performed by all the countries and which they ‘re lacking it because of lack of resources will soon be made available to all those resources whether it is any form. The whole summit was very interesting and leaders get to know about a whole new level of development strategies being employed in the upcoming world for better growth of every individual country.