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Showing posts with label G20. Show all posts
Showing posts with label G20. Show all posts

9/5/23

China's President will skip G20 meetng in New Delhi India next weekend

Beijing's foreign ministry confirmed Monday that Li would be at the G20 Leaders' Summit on Saturday and Sunday, which it described as an important forum for economic cooperation.

"In attending this meeting, Premier Li Qiang will convey China's thoughts and positions on G20 cooperation, pushing for the G20 to strengthen unity and cooperation, and working together to combat global economic and development challenges," spokeswoman Mao Ning told a regular news briefing.

Read more at: https://www.france24.com

11/14/22

China US relations - G20: Following a three hour meeting with Xi, Biden says he does'nt believe China will invade Taiwan

Speaking after they met on Monday at a luxury resort hotel in Bali, Indonesia, where they are attending the G20 summit, Biden said he and the Chinese leader had been “candid and clear” with each other on subjects ranging from Taiwan to trade.

The meeting, which lasted more than three hours, was seen as an attempt to reduce tensions that have brought US-China relations to their lowest ebb in decades.

Read more at: https://www.theguardian.com

10/30/21

The G20, the private sector and the vaccine, debt and climate crises – by Katie Gallogly-Swan and Rebecca Ray

In their recent communiqué, Group of 20 (G20) finance ministers admirably committed to using ‘all available tools for as long as required to address the adverse consequences of Covid-19’—in particular for those most affected.

Since the pandemic developed, governments around the world have taken extraordinary steps to support their economies, forcing the closure of ‘non-essential’ businesses, locking down borders and unleashing a wave of economic and health measures. While not all responses have been equally effective, one fundamental lesson has become clear: governments—particularly in wealthy countries—can marshal unprecedented interventions, at scale, when needed.

Eighteen months on though, critical weaknesses persist. Global vaccine inequity is perpetuating the pandemic. Economic instability and lack of fiscal space threaten another lost decade of development for many low- and middle-income countries. Despite escalating climate disasters, only 2 per cent of the total fiscal response to Covid-19 and the recovery from the ensuing economic crisis has gone into clean-energy measures. Progress on addressing the interlocking global crises of Covid-19, economic instability and climate change has effectively stalled.

Read more at The G20, the private sector and the vaccine, debt and climate crises – Katie Gallogly-Swan and Rebecca Ray

10/25/21

Canada: The Prime Minister Justin Trudeau to travel to the Netherlands, Italy, and the United Kingdom

The Prime Minister, Justin Trudeau, today announced he will travel to Europe for a bilateral visit to the Netherlands before participating in the Group of Twenty (G20) Leaders’ Summit in Italy and the United Nations Climate Change Conference (COP26) in the United Kingdom.

The Prime Minister will travel to The Hague, the Netherlands on October 29, 2021 where he will meet with Prime Minister Mark Rutte and other Dutch representatives to discuss both countries’ shared priorities and further the strong ties between Canada and the Netherlands.

Read more at: Prime Minister to travel to the Netherlands, Italy, and the United Kingdom | Prime Minister of Canada

10/20/21

G20: Russia's Putin won't attend G20 summit in person

Russian President Vladimir Putin will not attend the G20 summit in Rome in person this month due to concerns about the COVID-19 pandemic, but will take part in it via video link, the Kremlin said on Tuesday.

The Kremlin said Putin informed Italian Prime Minister Mario Draghi about his plans in a telephone call during which they also discussed the situation in Afghanistan and bilateral issues.

Separately, the RIA news agency quoted Kremlin spokesman Dmitry Peskov as saying that Putin’s decision was driven by the epidemiological situation.

Putin briefly self-isolated last month after dozens of people in his entourage were diagnosed with COVID-19. Last week, after coughing repeatedly at a government meeting, Putin said he had caught a cold.

Read more at: Russia's Putin won't attend G20 summit in person - Metro US

2/6/21

EU taxation of multinationals—bypassing the unanimity blockage – by Tommaso Faccio and Francesco Saraceno

The French car-service company Heetch recently displayed an advertising campaign on the streets of Paris (see photo), which proudly affirmed its presence in many French cities but not in Luxembourg—a clear allusion to the tax headquarters of some of its competitors. The fact that ‘paying taxes in France’ has become a commercial argument shows that the issue of corporate avoidance is rising up the public agenda in many countries.

Yet the G20 process on taxing digital firms and introducing a global minimum tax to limit tax competition, led by the Organisation for Economic Co-operation and Development, failed to reach consensus in 2020, mostly because of determination by the United States to protect its digital giants. The European Commission has made clear that, were the G20 to fail to deliver a global solution by mid-2021, it will act. But the EU is stuck between a rock—the US position will likely not change with the new administration—and a hard place: its own tax havens.

Read more at: EU taxation of multinationals—bypassing the unanimity blockage – Tommaso Faccio and Francesco Saraceno

7/19/19

Iran-US relations:Trump Blew Up The Iran Nuclear Deal. Now He Wants Allies To Help Him Get An Iran Nuclear Deal. - by S.V. Date

 Having estranged allies with threats and false accusations, President Donald Trump now faces dealing with the latest crisis he has generated, Iran, without any allies at all.

Trump prepares to meet Thursday and Friday with leaders of the world’s largest industrial economies at the G-20 summit in Japan with the idea, according to the White House, of gaining their cooperation in lowering tensions with Iran. “This is a chance for the president to engage with a number of different international leaders, among our closest partners and allies, to obtain their support and to have discussions about how we can encourage Iran to enter into negotiations,” a senior administration official said this week on condition of anonymity.

Read moreTrump Blew Up The Iran Nuclear Deal. Now He Wants Allies To Help Him Get An Iran Nuclear Deal. | HuffPost

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11/29/18

UKRAINE: Trump cancels meeting with Putin over Ukraine Crises

Trump cancels Putin meeting over Ukraine crisis U.S. President Donald Trump on Thursday suddenly canceled a meeting with Russian President Vladimir Putin scheduled for this week's Group of 20 industrialized nations summit in Argentina, citing the current Ukraine crisis.

Read complete report at: 

3/19/18

US Economy: Does Donald Trump eye a weak dollar?

The higher tariffs on steel and aluminum imports that US President Donald Trump announced in early March have shattered Europeans' faith in their transatlantic ally. They, and many others for that matter, are now asking just how reliable the US is in economic matters.

Donald Trump's zig-zag policy style is creating fears among partners, who have started talking about a trade war as a spiral of higher tariffs and countermeasures seems irreversible. Ahead of the Buenos Aires meeting of G20 finance ministers and central bankers, there's also fresh talk of a looming currency war which could be triggered by individual nations keeping their currencies down artificially with a view to securing a competitive edge in international trade.

As early as January, US Treasury Secretary Steven Mnuchin emphasized at the World Economic Forum in Davos, Switzerland, that a weaker dollar would be good for the US.

Read more: Does Donald Trump eye a weak dollar? | Business| Economy and finance news from a German perspective | DW | 19.03.2018

8/15/17

The Global Economy: The New World Order Is Leaving the U.S. Behind - by James Gibney

Of all the global consequences of President Donald Trump’s first half-year, surely one of the most surprising is the rise in multilateral diplomacy.

After all, this is the guy who came into office pledging to put America First. He downgraded the security guarantees of the North Atlantic Treaty Organization to a definite maybe -- and only if its members ponied up more defense dollars. The Iran nuclear pact was “the worst deal ever,” and the Paris accord on climate change wasn’t much better. The Trans-Pacific Partnership was dead on arrival. Japan and South Korea’s free-riding days were over. The North American Free Trade Agreement was toast. The U.S. would ignore the rules of the World Trade Organization. And from its proposed cuts in foreign aid and United Nations peacekeeping to the empty offices and embassies of the State Department, the Trump administration has made clear how little it thinks of soft power and diplomacy.

But a funny thing happened on the way to the disintegration of the international liberal order. It’s started to reconstitute itself -- only not with the U.S. at its center. Unfortunately, that has less to do with a realization among our allies and partners that the burden must be more equitably shared than with the increasing recognition that Trump is not, as some U.S. diplomats liked to say about third world dictators during the Cold War, “someone we can do business with.”

That sentiment found its most trenchant expression in German Chancellor Angela Merkel’s declaration, following Trump’s May trip to Europe, that the continent “must really take our fate into our own hands.” The net result of the Trump administration’s antipathy to free trade and cooperation on climate change and refugee resettlement was a united front against the U.S. at both the Group of Seven and Group of 20 meetings.

Jilted by the U.S., the other 11 members of the Trans-Pacific Partnership are moving ahead on their own. Canada and Mexico are working together more closely than ever to save Nafta. Asian nations are hedging their bets between the U.S. and China. Trump’s tough talk on Mexico has prompted it to reach out to its hemispheric rival Brazil on defense cooperation.

In conclusion: But even bilateral agreements require a degree of discipline and coordination that Trump has yet to display. For now, Trump’s reflexive trashing of President Barack Obama’s policy choices without offering any coherent alternatives has left the U.S. on awkward ground. It’s one thing for other countries to fill a diplomatic vacuum created by a gradual U.S. withdrawal; it’s another for them to do so in the wake of a scorched-earth retreat. If and when the U.S. recovers its strategic senses, it might find itself reduced to occupying a much less attractive seat at the multilateral table.

Read more: The New World Order Is Leaving the U.S. Behind - Bloomberg

7/9/17

Down Under Looks At Trump: Aussie journalist Chris Uhlmann's brutal take on Trump goes viral

Australian journalist Chris Uhlmann’s brutal dismissal of US President Donald Trump as having “pressed fast forward on the decline of the United States as a global leader” has attracted tens of thousands of hits worldwide.

In a scathing piece-to-camera, the ABC’s political editor said Mr Trump struck an “uneasy, lonely, awkward” figure at the G20 global summit, where he showed “no desire and no capacity” to lead the world.

The US President merely “craves power as it burnishes his celebrity”, Mr Uhlmann said.

In his observations from Germany, the Australian journalist said there was the “strong sense” that some world leaders were “trying to find the best way to work around” Mr Trump.

“He managed to isolate his nation, to confuse and alienate his allies and to diminish America – he will cede that power to China and Russia.

“Some will cheer the decline of America. But I think we’ll miss it when it’s gone.

“And that’s the biggest threat to the values of the West which he claims to hold so dear.”

Read more: Aussie journalist Chris Uhlmann's brutal take on Trump goes viral

7/8/17

G20: US contributes nothing positive to G20: "communique exposes divide with U.S. on climate policy" - by P. Carrel and N. Barkin

The final statement from Group of 20 leaders on Saturday exposed a divide between the United States and other G20 members on the Paris accord aimed at combating climate change.

German Chancellor Angela Merkel, hosting the two-day G20 summit, said she was pleased all club members besides the United States had agreed the Paris climate accord was irreversible.

"I think it's very clear that we could not reach consensus, but the differences were not papered over, they were clearly stated," Merkel told reporters at the end of the two-day meeting.

She said she did not share the view of British Prime Minister Theresa May who said on Friday she thought Washington could decide to return to the climate agreement.

In the final communique, the G20 leaders took note of the United States' decision to withdraw from the landmark accord.

"The leaders of the other G20 members state that the Paris Agreement is irreversible," the statement read.

On trade, another sticking point, the leaders agreed they would "fight protectionism including all unfair trade practices and recognize the role of legitimate trade defense instruments in this regard."

Trump, who on Friday found chemistry in his first face-to-face meeting with Russian President Vladimir Putin, congratulated Merkel on her stewardship of the summit.

"You have been amazing and you have done a fantastic job. Thank you very much chancellor," he said.

Read more: G20 communique exposes divide with U.S. on climate policy | Reuters

7/6/17

Violence erupts in Hamburg: Reporter caught in violence - G20: Street Level - by Lianne Elliott,

Peaceful protest marches can quickly turn violent, without warning.

CBC reporter Jasmin Seputis witnessed this first-hand while covering the large protest march that wove through downtown Toronto on Friday, in advance of today's G20 summit. Without a moment's notice, Seputis, who was doing radio reports for Here and Now, found herself caught between a violent skirmish involving protesters and police. She was pushed and shoved, and punched in the arm.

"One officer was pushing me one way, one was pushing me the other way. It was an out-of-control situation," she recalled. "They didn't know where to put me and the protesters were coming at me."

The protest had started as a festive one, with marchers singing, dancing and waving banners as they made their way along Carlton Street, heading west to Yonge.

But then police on bicycles, lined up along Yonge, moved in to arrest one of the protesters - a deaf man named Emomotimi Azorbo. At that point, the crowd became angry.

"They started to surge and push and say, 'Let him go, let him go,'" Seputis said.

Seputis, caught in the middle, said she doesn't know who punched her.

"It happened so quickly," she said, explaining that she wasn't badly hurt. "I guess my adrenaline was so high, I can hardly remember how it all happened. I was pushed this way and that way and thought, 'I have to get out.'"

Read more: Reporter caught in violence - G20: Street Level

7/4/17

G20 summit: When is it, what will happen, and what will Trump do this time? - by Tom Peck

An annual meeting of the leaders of the world’s largest economies - just about. Spain is a ‘permanent invitee’ without being an actual member. There are only, in fact, nineteen members.

The twentieth is the European Union, which partially explains the absence of other major economies, like the Netherlands.

Alongside the likes of Britain, France, Germany, China and the US, are Turkey, Argentina, South Africa, Indonesia Saudi Arabia and others.

It is a larger and more significant meeting than the G8, which occurred earlier this year, not least as Russia is currently suspended from the G8 over its intervention in Crimea.

Ms Merkel has said she will make climate change, free trade and the management of mass migration the major themes of the summit, setting her, and potentially the whole of the EU up for a major clash with President Trump. On climate change the two are poles apart. On free trade Trump’s economic nationalism is distinctly distant from the European position. On mass migration, Merkel has welcomed more than a million migrants to Germany, primarily from Isis warzones, while in the US, Trump has sought to impose a ban on all Muslim immigration.

Between them, the membership accounts for 85 per cent of the world’s GDP and two thirds of its population.

Read more: G20 summit: When is it, what will happen, and what will Trump do this time? | The Independent

7/3/17

Britain: Downing Street braces for ‘sneak’ Trump visit – by Christian Krug

U.S. President Donald Trump may be planning to visit U.K. Prime Minister Theresa May on short notice, the Guardian reported Monday.

Trump could use his next European trip to stop by his Scottish golf resort in Turnberry and would be expected to meet May for informal talks in London if so. Downing Street is preparing for a potential visit from the president between the G20 in Hamburg this weekend and his appearance at the Bastille Day parade in Paris on July 14 alongside French President Emmanuel Macron.

No. 10 would likely be informed only 24 hours ahead of time in order to minimize the risk of disruption, according to the Guardian.

The formal state visit — announced during May’s trip to Washington in January — was expected to take place this summer but postponed over concerns of mass protests.

Read more: Downing Street braces for ‘sneak’ Trump visit – POLITICO

6/30/17

G20: Merkel takes aim at Trump ahead of stormy G20 summit

Merkel said that discussions at the July 7-8 gathering of world leaders in Hamburg would be difficult given Trump's climate scepticism and "America First" stance, but that she was determined to seek a clear commitment for the Paris accord against global warming and a pledge against protectionism.

When Trump announced in early June he would withdraw from the Paris deal, "we knew that we could not expect discussions to be easy" at the G20 summit, Merkel told the German parliament.

"The differences are obvious and it would be dishonest to try to cover that up. That I won't do," she said, adding that the US exit from the 2015 Paris pact had made Europe "more determined than ever" to make the accord a success.

Without naming names, she also warned that "those who think that the problems of this world can be solved with isolationism or protectionism are terribly wrong" and pledged to seek a "clear signal for open markets and against sealing off" at the summit.

Read more: Merkel takes aim at Trump ahead of stormy G20 summit | SBS News

6/29/17

Business leaders back G20 task force recommendations on climate-risk disclosure – by Frédéric Simon

Over 100 business leaders worldwide have backed the final recommendations of a global task force set up by the G20 to disclose how companies manage climate-related risk, in a move that could divert trillions of investments away from polluting fossil fuels.

The Task Force on Climate-Related Financial Disclosures (TCFD) issued its final recommendations on Thursday (29 June), urging companies to report on how they manage the risks to their business from climate change and greenhouse gas emission cuts.

A rise in temperatures of six degrees this century would see $43 trillion wiped off the value of financial markets, according to research commissioned by Aviva, the UK insurance company. This makes company disclosure vital to ensure investors have the information they need to assess the impact of climate risk on their portfolios.

If the task force recommendations were followed through, it would divert trillions of dollars away from fossil fuels, as investors pull their money out of polluting industries and flee for the long-term security of clean technology assets like renewables energies.

Read more: Business leaders back G20 task force recommendations on climate-risk disclosure – EURACTIV.com

5/11/17

Germany - G20 meeting: Merkel Signals She’ll Snub Trump’s Demand to Spend More on Defense - by Arne Delfs

Chancellor Angela Merkel signaled that Germany will refuse U.S. demands to bring forward planned increases in defense spending, saying that extra outlays are already being made.

President Donald Trump, who has said that Germany “owes vast sums of money” to NATO, is due to travel to Europe later this month for a meeting in Brussels of North Atlantic Treaty Organization leaders, including the German chancellor.

Merkel, speaking in Berlin on Thursday after talks with NATO Secretary General Jens Stoltenberg on the goals of the May 25 meeting, said the German government was committed to raising spending to 2 percent of gross domestic product by 2024 “and is working on it.”

“In past years we have shown that we have made increases, so I see no need for further provisions on May 25,” the chancellor said.

Germany increased its defense budget by 8 percent this year to about 37 billion euros ($40.1 billion), though it still falls far short of the 2 percent of GDP target. Merkel also argues that development aid should be taken into account as a security component.

In a tweet sent a day after hosting Merkel at the White House, Trump said the U.S. “must be paid more for the powerful, and very expensive, defense it provides to Germany!”

Note EU-Digest: this is another indication that Europe needs its own defense force with a different mandate and budget than that of the NATO. Europe should also not get involved in sending additional European Troops (as part of NATO) into the Afganistan "swamp", and a war there that has now been going on for 15 years - as is presently being discussed in the Pentagon.

Read more: Merkel Signals She’ll Snub Trump’s Demand to Spend More on Defense - Bloomberg