The 14th edition of the two-day G-20 Summit kickstarted at the International Exhibition Center in Japan’s Osaka on Friday with leaders grappling on Tough issues such as global economy, trade and investment, innovation, environment and energy, employment, women’s empowerment, development, and health. Expressing “deep concerns” over the present situation of global trade, Japanese Prime Minister Shinzo Abe urged leaders from the major economies to deliver a strong message to support “free, fair and indiscriminate” trade. “Today, I want to discuss with leaders measures to further enhance momentum towards reform in WTO, (World Trade Organisation)”, he said
Speaking on the first day of the summit, Abe, whose country currently holds the presidency of the G20, said he is deeply concerned about the current trade environment.
A strong message is needed on free, fair and non-discriminatory trade, he said.
Abe called on the G20 to use all policy tools to drive global economy.
He also hoped to discuss with leaders the measures on further enhancing the momentum toward the reform in the World Trade Organization.
Leaders from 19 countries and the European Union are deliberating on three international issues: free and fair trade, the digital economy, and tackling environmental problems with innovation including demographics at a time of unsettling friction.
The aim of G20 is to establish economic fundamentals for realizing sustainable and inclusive growth of the global economy so as to respond to the global financial crisis.
In a Op-ed, Japanese Prime Minister Shinzo Abe G20 message is that Japan aims to “realize and promote a free and open, inclusive and sustainable, human-centered future society” and recognizes the United Nations Sustainable Development Goals as being at the core of the development agenda and other global issues.
Prime Minister Narendra Modi on Thursday arrived in Japan for the two-day G20 Summit in Osaka and said that issues such as women empowerment, artificial intelligence and common efforts to address challenges like terrorism will be high on his agenda.
But India is tackling with unemployment as the National Sample Survey Office’s (NSSO) job survey for 2017-18 had shown a spike in the unemployment rate to over 6 per cent, a 45-year high, but the report was not released by the government, which termed it as a draft report.
The G-20 is a forum for economic cooperation where leaders deliberate to resolve the crisis during global instability.
By Arti Bali