The eleventh “G-20 summit” took place on 4rth and 5th September 2016 at Hangzhou province Zhejiang, China.
G20 group that includes basically 19 members countries that are Australia, Brazil, Argentina,Canada, France, China, Germany, India,Indonesia, Italy, South Korea, Japan, Mexico, Saudi Arabia, Russia, South Africa, United Kingdom, Turkey and the United States along with the European Union.
While you were enjoying your Labor Day weekend the world’s top leaders were meeting in China. The gathering discussed various important world developments like Brexit, tax avoidance, trade deals, climate change, the migrant crisis in Europe and the industrialisation of Africa.
FACT SHEET: The 2016 G-20 Summit in Hangzhou, China
President Obama participated in his 10th and final G-20 Leaders’ Summit in Hangzhou, China on September 4-5. In 2009, President Obama proposed elevating the G-20 to be the world’s premier forum for international economic cooperation, allowing leaders representing approximately 85 percent of global economic output to advance the shared objective of strong, sustainable, balanced, and inclusive global growth.
“Canada places great importance on working with its G20 partners to help address some of the world’s most pressing challenges – from building prosperity for the middle class to promoting open and free trade and investment.”
Let’s have a look at some of the remarkable events that took place at G-20 summit
✔The Paris Climate Change agreement. Paving way for more sustainable growth US and China agreed to ratify the Paris Climate Change agreement.
✔The decision to set up a forum to look after the supply imbalances, particularly in the steel, is considered as an appreciative step to the curb demand and supply issue.
✔Red carpet tussle. While most of the other important countries’ President got the customary red carpet welcome, U.S. President Barack Obama didn’t get any warm welcome. He had to use the in-built metal stairs of his Air Force One plane.
✔U.S. and Russia president talked on Syria. on Sept. 5 on the sidelines of the G20 summit Obama had around ninety minutes of meeting with his Russian counter part President Vladimir Putin. They discussed over the Syrian crisis, as their last weekend meeting ended without an agreement.
✔India and British president talked on Visa regulations. Indian President Narendra Modi met her British counterpart Theresa May on the sidelines of the G20 Summit to discuss on the new UK regulations on Visa policy that casts negative impact on Indian working professionals.
✔Modi Ji very cleverly and openly criticized Pakistan on the issue of terrorism with his statement that “Indeed, one single nation in South Asia is spreading these agents of terror in countries of our region.”
✔The United States President Barack Obama praised lauded the Indian Prime Minister and the recent major tax reform with the introduction of the Good and Services Tax constitutional amendment.
✔Kim Jong Un tried to prove he is not going to reform. on Sept. 5 while the international leader were trying to short out various issue, North Korea launched three ballistic missiles that landed in the Sea of Japan.
