The G20 Summit, which was hosted for the first time by Japan, was held on 28th and 29th June 2019.
The G20 is an international forum that includes 19 governments of nations across the world and the European Union. As a group, the G20 account for around 80 per cent of the world trade, 80 per cent of the world GDP, and 90 per cent of the Gross World Product.
Widely considered one of the premier forums for international economic cooperation, the G20 summit discusses a wide range of issues that have an impact on the global economy. Apart from economy and trade, the summit also discusses issues such as climate change, migration and refugees, and terrorism.
The 19 nations that are part of the G20 are:
- Republic of Korea
- Republic of South Africa
- Saudi Arabia
- The United Kingdom and
- The United States of America
The other invited guest nations and international organizations were
- The Netherlands
- ASEAN (Association of Southeast Asian Nations) President – Thailand
- AU (African Union) President – Egypt
- APEC (Asia-Pacific Economic Cooperation) President – Chile
- NEPAD (New Partnership for Africa’s Development) President – Senegal
- United Nations (UN)
- International Monetary Fund (IMF)
- World Bank
- World Trade Organization (WTO)
- International Labour Organization
- Financial Stability Board
- Organization for Economic Cooperation and Development
- Asian Development Bank
- World Health Organization (WHO)
Generally held once a year, this year’s summit was held in the Japanese city of Osaka.
This year’s summit discussed eight major themes
- Global Economy
- Trade and Investment
- Environment and Energy
- Women’s Empowerment
- Development and
The next G20 Summit will be held in Riyadh, Saudi Arabia on 21st and 22nd November 2020.