LoAssociation of Major Economic Powers, G-20 Summit. When it started in 2008 under the leadership of George W. Bush, Dr. Manmohan Singh was the Prime Minister then, Finance Minister P. Chidambaram too.
The G-20 summit of 19 leading developed and developing countries and the European Union is starting in Washington at a time when Germany is sinking into a severe economic recession. The first G-20 summit was held on November 14 and 15, 2008.
It was also the time when the European Commission announced that the whole of Europe was on the brink of recession. The first G-20 summit was also to discuss solutions to the economic crisis gripping the world.
“Proceeding with free market policies is the way for the growth and stability of the global economy. Free market capitalism is the driving force of prosperity and progress around the world’ At the first G-20 summit, then-U.S. This is what President George W. Bush said. It was also very remarkable that Bush’s speech was in the middle of the disagreements between the European Union and the United States regarding the economic crisis.
The then finance minister of India P. Chidambaram said. When he came to participate in the summit, he stated in a television interview that the United States and Europe should bring order to their own economies.
After 14 long years, India is assuming the presidency of the G-20 group. Indian Prime Minister Narendra Modi took over the chairmanship of G-20 from Indonesia at the summit held in Bali, Indonesia. After assuming the title, the Prime Minister commented that ‘Indians are proud’.
He had already clarified that ‘Data for Development’ would be one of the main themes of the India-chaired consortium. India will hold the G-20 presidency for one year from December 1.
Previous G-20 Summit held – (Date, Country, Chair Leaders who played
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom, United States, European Union. There are 27 countries in the European Union.
In Kochi, Ladakh, Jammu and Kashmir…?
Discussions are already underway as to where the G-20 summit will be held when it arrives in India. In Kerala, places like Kochi, Jammu Kashmir, Ladakh and Gujarat were considered.
There was information that Kochi was being considered for the ministerial meeting of the summit. A team of central officials had also reached Kochi to evaluate the venue and related facilities. Meanwhile, Pakistan has come forward with opposition to Jammu and Kashmir being the venue of the G-20 summit. Sources in Pakistan’s foreign ministry informed that the G-20 member states will be protested once morest the summit.
The world is also looking forward to the diplomatic talks with China, where there is a border dispute, because the Prime Minister said this following assuming the post of President.
Chinese President Xi Jinping and Narendra Modi met face-to-face at a dinner in Bali. Footage of the two shaking hands and having a conversation was also released. But it is also noteworthy that although Modi held talks with the leaders of many countries, he did not engage in diplomatic talks with the Chinese President.
