G – 20 Summit 2019 Analysis | Burning Issues | PDF Download

WHAT IS G20?

• The G20 (or Group of Twenty) is an international forum for the governments and central bank governors from 19 countries and the European Union (EU). Founded in 1999
• The very first of G-20 summit was held in the Washington, D.C. (United States) in 14–15 November 2008. Currently 14th G-20 summit is going on in Osaka (Japan) on 28–29 June 2019. In this summit Indian delegation is headed by the PM Narendra Modi.

WHY G20 IS SO IMPORTANT

• It is the only global platform where developed and developing countries can engage
• Unlike G7 that has not been able to resolve global issues, G20 has been very useful in solving major global issues
• Many bilateral and trilateral meetings can happen during a G20 summit

 G20 summit G7 GROUPS THAT MEET DURING G20 SUMMIT

• Big Four (Western Europe) – France, Germany, Italy and the United Kingdom

IBAS
BRICS
BASIC




 

• It is a trilateral grouping of Russia, India and China that has met annually since 2002.
• In recent years, it has functioned as complement to other frameworks involving three countries and including Shanghai Cooperation Organization (SCO).
• The G20 meeting in Osaka came to a close Saturday with President Donald Trump declaring relations with China were “right back on track” after he and President Xi Jinping sought to de-escalate a prolonged trade war between the economic powerhouses.

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