Bidyot Bhowmik
About G20 summit 2021 in Rome in Italy ||| Bidyot Bhowmik
The most powerful leaders of the world’s biggest economies and representatives of the European Union met for two days on Saturday and Sunday, the 30th October and 31st October in Rome, the Capital of Italy for G20 summit to discuss important global issues. The G20 is an international leaders’ forum comprising 19 powerful countries and the European Union. Collectively, the G-20 countries are so powerful economically that they represent more than 80 percent of the world’s economic output and they also represent tow-third of world population. Its primary aim is to promote international financial stability. The motto of the G-20 summit 2021 is People, Planet Prosperity. The G20, or Group of 20, is an annual summit for world leaders, foreign ministers, and central bank governors of world’s most powerful economies.
Membership of the G20 consists of 19 individual countries plus the European Union (EU). The G-20 countries are U.S.A., Canada, India, Australia, China, Germany, France, Japan, Italy, United Kingdom (U.K.), Brazil, Argentina, Mexico, Russia, Indonesia, Saudi Arabia, South Korea, Turkey, South Africa and European Union. The names of the world’s most powerful participating leaders in the G-20 summit in Rome, Italy are: Argentina’s President, Alberto Fernandez, President of United States, Joe Biden; Australia’s Prime Minister, Scott Morrison; President of Brazil, Jair Bolsonaro; Prime Minister of Canada, Justin Trudeau; President of China, Xi Jinping; President of France, Emmanuel Macron; Chancellor of Germany, Angela Merkel; Prime Minister of India, Narendra Modi; Prime Minister of United Kingdom (U.K.), Boris Johnson; Prime Minister of Italy, Mario Draghi (Host of the summit); Prime Minister of Japan, Fumio Kishida; President of Russia, Vladimir Putin; President of South Korea, Moon Jae-in; President of Turkey, Recep Tayyef Ardogan; President of Mexico, Andres Manuel Lopez Obrador; President of Indonesia, Joko Widido; President of South Africa, Cyril Ramaphosa; King of Saudi Arabia, Salman Bin Abdul Aziz; President of the European Council, Charles Michel and the President of the European Commission, UrsulaVon der Leyen. The main purpose of G-20 summit was to bring together systemically important richest industrialised nations (G-7 countries) and first growing emerging economies and economically powerful developing countries to discuss key issues in the global economy. Collectively, the G20 countries are so powerful economically that they account for around 85% of the gross domestic product (GDP) of the world and 80% of World Trade. They represent two-thirds of the world population. All T.V. channels, electronic media and newspapers in the world covered important G-20 summit in Rome, Italy. As host country of G-20 summit in 2021, the Prime Minister of Italy, Mario Draghi was the chairman of G-20 summit, 2021.
The main decisions that were taken at the G20 summit are as follows. Climate change, the global economy and the Covid-19 pandemic remained high on the agenda during G-20 summit in Rome. The G-20 countries declared to address today’s most pressing global challenges and to converge upon common efforts to recover better from the COVID-19 crisis and enable sustainable and inclusive growth in their Countries and across the world. The two day G20 summit ended on Sunday, the 31st October with an agreement on climate that commits its member nations to end coal financing by the end of the year and aims to contain global warming to 1.5 degrees Celsius above pre-industrial levels. G-20 countries also declared to advance their efforts to ensure timely, equitable and universal access to safe, affordable, quality and effective vaccines, therapeutics and diagnostics, with particular regard to the needs of low- and middle-income countries. G20 leaders endorsed a global minimum tax corporate tax rate during the summit’s first session, a core objective for US President Joe Biden. Each individual nation must pass its own version of the tax, and it may take some time to implement worldwide. Italian Prime Minister Mario Draghi, the leader of this year’s G20 summit, said in remarks at the summit’s start that the agreement was proof of the power of multilateralism.
After finishing the G-20 summit, the powerful G-20 leaders and other global leaders moved to join another U.N. Climate Conference known as UN COP26 stated in Glasgow, the capital of Scotland in the United Kingdom. The 2021 United Nations Climate Change Conference, also known as COP26, is the 26th United Nations Climate Change Conference. It will be held in Glasgow, Scotland, United Kingdom between 31 October and 12 November 2021, under the presidency of Alok Sharma.
We sincerely want and expect global solutions to global problems with good intentions together to make this world a better and peaceful place to live which will be free from hunger, tyranny, hegemony, poverty and autocratic rule. We don’t want only corporate globalisation of greed, selfishness, inequality and arms race, rather we want globalisation and multilateralism of peace, prosperity, equal opportunity, mutuality of understanding and co-operation everywhere. Thank you very much.
Source : International and European news
Bidyot Bhowmik, Columnist, writer and advisor to CBNA
Montreal, Canada, 31st October 2021
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