Main results of G20 summit in Buenos Aires, Argentina

G20 Argentina

Copyright: European Union Event: EU @ G20 Summit 2018

This article is brought to you in association with the European Council.


G20 leaders met in Buenos Aires on 30 November and 1 December 2018

They adopted a declaration focusing on the future of work, infrastructure for development, a sustainable food future and on gender equality.

Donald Tusk, President of the European Council, and Jean-Claude Juncker, President of the European Commission, represented the EU at the summit. Argentina’s President, Mauricio Macri, hosted the summit.

The EU was an important advocate of multilateralism and the international rules-based trade at the summit.

The 2018 edition marked the 10th anniversary of an international forum setup to better coordinate economic and financial policies in response to the global crisis in 2008.

The summit was also an opportunity to build a positive trade agenda and to reconfirm political support among G20 leaders to reform the World Trade Organisation (WTO) in order to improve its efficiency and functioning.

“The system is currently falling short of its objectives and there is room for improvement. We therefore support the necessary reform of the WTO to improve its functioning. We will review progress at our next summit.”

G20 Leaders’ Declaration, Buenos Aires

Global challenges were also on the agenda. Leaders focused on the fight against climate change. 

They noted the outcome of the last IPCC report ahead of the COP24 meeting in December 2018. Signatories of the Paris Agreement reconfirmed their commitment to its full implementation

They also discussed sustainable development, including the 2030 agenda and sustainable development goals. They confirmed they will continue to work together to seek a consensus-based solution to address the impacts of the digitalisation of the economy on the international tax system with an update in 2019 and a final report by 2020.

The G20 leaders condemned terrorism in all its forms and manifestations. They committed to the full implementation of The Hamburg G20 Leaders Statement on Countering Terrorism.

“We will step up our efforts in fighting terrorist and proliferation financing, and money laundering. We urge the digital industry to work together to fight exploitation of the internet and social media for terrorist purposes.”

G20 Leaders’ Declaration, Buenos Aires

EU coordination meeting

The leaders of the EU countries present at the G20 held their coordination meeting in the margins of the summit. In the context of the killing of the Saudi journalist Jamal Khashoggi, they agreed the urgent need to establish what happened on 2 October 2018.

Ahead of the summit, President Tusk urged the G20 leaders to address pressing issues such as trade wars and the Russian aggression in Ukraine:

“I see no reason why the G20 leaders shouldn’t have a meaningful discussion about solving these problems. Especially because all the instruments lie in their hands. The only condition is good will. We also cannot underestimate other issues which remain difficult for some leaders, such as human rights, freedom of press and basic safety of journalists.”

Remarks by President Donald Tusk ahead of the G20 summit

About the G20 presidency

Argentina currently holds the G20’s presidency. Its theme is “building consensus for fair and sustainable development’ with 4 key priorities:

  • the future of work
  • infrastructure for development
  • food security
  • gender equality

The previous G20 summit took place in Hamburg in July 2017:

Background

The G20 brings together 19 countries plus the EU. G20 members account for over 80% of the world’s gross domestic product (GDP) and they host almost two-thirds of the world’s population.

The G20 was established in 2008 amidst the global financial crisis to increase international economic cooperation. Since then, G20 members have been meeting annually to discuss a wide range of issues related to economic and financial cooperation.

The EU as a G20 member

The European Union is a full member of the G20 alongside four of its member states: France, Germany, Italy and the United Kingdom. In addition, Spain is a permanent invitee of the G20.

The EU has its own seat at the G20 table as it is one of the largest global economic areas with specific competences in trade matters, economic policy and financial regulation, development, energy and climate change.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

European financial values on the rise

The EU tells the bare truth to the UK that there is no such thing as easy divorces

State aid: Commission invites comments on simplified rules for State aid combined with EU support

European markets itchy with short-term disturbances

JADE Spring Conference 2018 is on its way: Young entrepreneurs gather in Brussels to shape Europe

New UN book club helps children deal with global issues

EU and World Health Organisation team up to boost access to health services in developing countries

As inequality grows, the UN fights for a fairer world

“16+1” Cooperation injects new vigor into China-Europe cooperation

CO2 emissions on the rise for first time in four years, UN agency warns

ILO and EIB join forces for more and better quality employment

Yemen: ‘Living hell’ for all children, says UNICEF; Angelia Jolie calls for ‘lasting ceasefire’

This Netherlands football stadium creates its own energy and stores it in electric car batteries

Consumer protection: Commission welcomes political agreement by Council on the Representative Actions Directive

MEPs criticise “America first” policy

Ukraine: Temperatures plunge amid rising humanitarian needs

Alarming level of reprisals against activists, human rights defenders, and victims – new UN report

The EU Parliament endorses tax on financial transactions

UN rights expert calls for end to ‘purgatory’ of ‘international inaction’ facing Myanmar’s remaining Rohingya

Here’s a reason to feel cheerful – the world is full of Good Samaritans

Egypt urged to free prominent couple jailed arbitrarily since last June: UN rights office

70 years after the Universal Declaration of Human Rights, this is why we need dignity more than ever

EU Parliament: Deposit guarantee and trading platform transparency sought

Migrant workers sent more money to India than any other country last year

The European giant tourism sector in constant growth

As human caravan moves through Mexico, ‘full respect’ needed for national control of borders: UN chief

UN expert ‘shocked’ by Egyptian reprisals against human rights defenders she met

IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized

COP21 Breaking News_04 December: Launch of CREWS, climate risk & early warning systems

The Monetary Union drives Europe into dangerous paths, CoR demands an EMU of regional content

UN-backed intercultural dialogue forum urged to keep working to ‘bridge gap between the like-minded’

EU budget: Commission proposes most ambitious Research and Innovation programme yet

Violence on the rise in Darfur following Sudan military takeover, but UN-AU peacekeeping mission maintains ‘robust posture’

New Mozambique storm rips off roofs, brings lashing rain as aid response kicks in

U-turns on Global Compact ‘reflect poorly’ on countries concerned: senior UN migration official

Logo Mania: A call to action to our crisis of connection

UN chief reaffirms commitment to untying ‘Gordian knot’ of Middle East conflict and instability

MWC 2016 LIVE: EC adds Brazil to partner tally

World must avoid a new Cold War, UN chief tells economic forum in Russia

These European countries produce the most plastic waste per person

Trump goes ahead with plan to undo globalization; targets China and EU

New Zealand can improve well-being through better policymaking and reforms to housing and migration policy

Want to cut greenhouse gas emissions? Look to digital technologies

Water pollution is killing millions of Indians. Here’s how technology and reliable data can change that

Mergers: Commission clears Telia’s acquisition of Bonnier Broadcasting, subject to conditions

UN cooperation with League of Arab States ‘pivotal’, UN chief tells Security Council

It’s time for global businesses to accept local responsibility

EU ready to relinquish its internal tax havens

Mechanism to protect democracy in the EU needed more than ever, says the EP

Why cities hold the key to safe, orderly migration

UN chief of peace operations honours fallen Chadian ‘blue helmets’ serving in northern Mali

SDGs and the historical and economic impact on Brazilian health

Heard about deepfakes? Don’t panic. Prepare

Donald Trump’s victory is a great opening for global EU leadership on the sustainability agenda

Releasing trapped value is key to success in the digital world

ECB to people: Not responsible if you lose money on Bitcoin, your governments are

GSMA Announces Latest Event Updates for 2018 “Mobile World Congress Americas, in Partnership with CTIA”

Children paying a high price for inequality

Refugee crisis: Commission proposes a new plan urging EU countries to help Italy

Climate finance for developing countries reached USD 71 billion in 2017

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s