What Is G20 | What Is G20 countries | What Is G 20 Summit ?

Hello Friends,

Today I will talk about the G20 summit, what it is and which major countries are involved in it and when it is organized and what are the major issues raised in it, then about all these. Detailed information is given below:-

What Is G20 Summit ? :-

- It is also known as Group of Twenty Summit.

- The leaders of the world's 20 largest economy countries are involved on the stage of the G20 summit.

- Global issues are discussed in this conference.

- G20 member states represent 85% of global GDP, two-thirds of the world's population and 75% of International trade.

- The G20 was established in 1999 in response to the financial crisis of the late 1990s with the goal of promoting international financial stability and sustainable economic growth.

What Is G20 Countries Name ? :-

- List of G20 member countries :- 

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States and the European Union.

- The member countries are chosen keeping in view their economic importance, representation of their different regions and different economic systems.

G20 Summit Is Organized Every Year :-

The G20 summit is organized annually. The conference discusses a wide range of economic, financial and political issues with global implications.

Key Points Of The G20 Summit :-

1. Economic Development And Employment Generation: -

In this conference, discussions are held on how to promote sustainable economic growth and job creation, which includes measures like fiscal stimulus, monetary policy and structural reforms. In this conference, issues like removing income inequality and ways to remove poverty are also discussed.

2.   Financial Regulation And Stability :-

The conference also discusses how to strengthen the global financial system as well as how to deal with the risk of a financial crisis, including measures such as better regulation of banks and other financial institutions. It also discusses ways how to improve the transparency and accountability of the financial sector as well as ways to address issues such as tax evasion and illicit financial flows.

3.   Trade And Investment :-

In the G20 summit, leaders of all countries discuss ways to promote free trade, fair trade, investment, and simultaneously resolve issues such as market access and protectionism. In this conference, it has also been said to support the World Trade Organization (WTO).

4.  Energy And Climate Change :-

The conference discusses ways to invest in renewable energy, promote energy security, implement carbon pricing, and reduce greenhouse gas emissions. The leaders of all G20 countries also discussed ways to support the Paris Agreement on Climate Change, addressing issues related to biodiversity and ocean conservation.

5. Development And Poverty Reduction :- 

In the G20 summit, all leaders discuss issues such as promoting economic growth and reducing poverty, in which it is also said to increase aid to developing countries and methods are also found for this. The G20 summit also discusses ways to address issues related to migration, refugees and gender equality.

6.  Political Issues :-

In this conference, it is also discussed to solve the issues like combating terrorism, cyber security and regulation of internet. G20 leaders address issues related to peace and security

I hope this information helps you.

Thank you.