G20 nations catered for 85 percent of world economy, 75 percent of world trade and 66 percent of world population.
G20 Summit: Key Points
- The majority of the world’s greatest economies, both industrialized and developing countries, make up the G20. Together, they represent two-thirds of the world’s population, 80% of the gross world product (GWP), 75% of international trade, and 60% of the planet’s surface area.
- In 1999, the G20 was established in response to various global economic problems. It has met at least once a year since 2008, with summits attended by the heads of state or government, the finance minister, the foreign minister, and other top officials from each member; the European Union is represented by the European Commission and the European Central Bank. The summits are open to participation from other nations, international organizations, and nonprofit organizations, some of which are invited on an ongoing basis.
- The G20 proclaimed itself the principal forum for global economic and financial cooperation during its summit in 2009.
- The group’s status has grown over the past ten years, and analysts now acknowledge its significant global influence.
- However, they also criticise it for having a small membership, having little enforcement authority, and allegedly undermining established international organizations. Protests against summits are common, especially from anti-globalization organizations.
G20 Summit: Countries
G20 group’s 20 members as of 2022 are:
- Argentina
- Australia
- Brazil
- Canada
- China
- France
- Germany
- India
- Indonesia
- Italy
- South Korea
- Japan
- Mexico
- Russia
- Saudi Arabia
- South Africa
- Turkey
- United Kingdom
- United States
- The European Union
Spain, the UN, the World Bank, the African Union, and ASEAN are just a few of the organisations that have been invited as guests.
The leaders of 19 nations and the European Union are represented in summits of world leaders, and the finance ministers and central bank governors of 19 nations and the European Union are present at meetings at the ministerial level.
List of G20 Summit
List of L20 Summits (Summits of trade union and labour leaders from the G20 countries):
- 2008: United States Washington
- 2009: United Kingdom London
- 2009: United States Pittsburgh
- 2010: Canada Toronto
- 2010: South Korea Seoul
- 2011: France Paris
- 2012: Mexico Los Cabos
- 2013: Russia Moscow
- 2014: Australia Brisbane
- 2015: Turkey Antalya
- 2016: China Beijing
- 2017: Germany Berlin
- 2018: Argentina Mendoza
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Bali
List of B20 Summits (summits of business leaders from the G20 countries):
- 2012: Mexico Los Cabos
- 2013: Russia Saint Petersburg
- 2014: Australia Sydney
- 2015: Turkey Turkey
- 2016: China Hangzhou
- 2017: Germany Berlin
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Bali, Indonesia
List of C20 Summits (Summits of civil society delegates from the G20 countries):
- 2014: Australia Melbourne
- 2015: Turkey Istanbul
- 2017: Germany Hamburg
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Bali
List of T20 summits (summits of think tanks from the G20 countries):
- 2012: Mexico Mexico City
- 2013: Russia Moscow
- 2017: Germany Berlin
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Milan
- 2022: Indonesia Bali
List of Urban 20 (U20) summits (summits of cities from the G20 countries):
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Jakarta
List of W20 summit (women’s summit of G20 countries):
- 2017: Germany Berlin
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Lake Toba
List of Y20 summits (summits of young leaders, 18 to 30 years old from the G20 countries):
- 2010: Canada Vancouver
- 2011: France Paris
- 2012: Mexico Puebla
- 2013: Russia Saint Petersburg
- 2014: Australia Sydney
- 2015: Turkey Istanbul
- 2016: China Beijing and Shanghai
- 2017: Germany Berlin
- 2018: Argentina Córdoba
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Milan and Bergamo
- 2022: Indonesia Jakarta and Bandung
G20 Summit 2023 (India)
The Group of Twenty (G20) will assemble for the eighteenth time in 2023, and the summit is expected to take place at New Delhi’s Pragati Maidan. India assumed the presidency on December 1, 2022, and held it until the summit in the third quarter of 2023. At the conclusion of the Bali summit, the G20 Presidency gavel was handed over from Indonesian President Joko Widodo to Indian Prime Minister Narendra Modi during a small ceremony.
The G20 presidency is a significant responsibility, and the Indian government has enhanced its intellectual, administrative, infrastructural, and social capital, improved bureaucratic decision-making procedures, and created a list of agenda items for the coming year in order to rise to the occasion. These are being thoughtfully created with input from important parties, including corporations, think tanks, universities, civil society, labour unions, and the scientific community.
G20 Summit 2023 (India): Theme
Vasudhaiva Kutumbakam, or “One Earth, One Family, One Future,” is the recently unveiled theme for India’s G20 year. It is based on Sanskrit scriptures and emphasises the interconnectedness of various forms of life, including humans, animals, plants, and microorganisms, as well as their significance both on Earth and in the larger cosmos. The theme makes use of the phrase “Lifestyle for Environment” (LiFE), which illustrates how environmentally sound decisions made at the local, state, and federal levels can result in more informed, transformative actions at the international level and help create a cleaner, greener, and bluer future.
Who organized the G20 Summit 2023 (India)?
The Ministry of External Affairs (MEA) revealed that there are 250 meetings held throughout the nation, 190 of which will be attended by the ministers in charge of the G20 nations’ nodal ministries for things like health, finance, agriculture, energy, and trade. Throughout the year, 100,000 people are anticipated to attend.
G20 Summit 2023 in September, India will host more than 200 events in 50 cities in 2023 that will involve government and civil society members and will culminate in a major conference in New Delhi. The summit is anticipated to draw thirty leaders of state and government from G20 countries and other invited countries.
Source: www.g20.org
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