Wednesday 12 July 2017

My reading of the G20 summit (2017)

On the recent G20, the negative issues on the table, either openly or coated in diplomatic words, could be summarised as follows:

- The risks linked to international uncontrolled massive migrations;
- The US withdrawal from the Paris accord on Climate Change
- New trends towards trade protectionism
- The attempts to side-line key international organisations, including the UN, the WTO and the Human Rights Council.

The positives, as I see them:

- Establishment of a new fund, to be administered by the WB, to promote the entrepreneurship of African women; USD 325 million.
- The review of steel overcapacity issue and the recommendation that a plan of action should be prepared by Nov. 2017 to address this most divisive economic and trade issue.
- More coordination on the fight against terrorism and violent extremism.
- The leaders have shown they want to find a common ground on a number of issues.



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