Leaders and representatives of the world’s major economies are going to face bigger diplomatic question as they are going to meet in Argentina for the G20 summit this week. Some leaders of the G20 summit are envisaged to contend on a joint statement on some of the biggest global issues. In fact, the two-day summit that is going to start in Buenos Aires, from 30th November includes some of the diciest topics. Take a look below:
Economists have cautioned that the rising showdown between US President Trump and his Chinese counterpart Xi Jinping during the meeting is going to have compelling consequence on the global economy. Even the director of US National Economic Council, Larry Kudlow stated China needs to hasten and come up with new ideas in order to break the stalemate.
Trump’s plan to increase tariff rate on Chinese goods might come into effect from January, if China fails to make any progress.
US President Trump is due to sit down with Russia President Vladimir Putin for another face-to-face meeting since their questionable US-Russia summit in Helsinki. However, the forthcoming meeting between the two is in peril following the seizure of Ukrainian vessels by Russia. Trump stated that his decision to go ahead with the talks would depend on the report presented by his national security adviser. On the other hand, Putin is looking forward to hold a meeting with Theresa May since the novichok poisoning.
One of the important issues of this year’s summit is climate change. Experts feel that there has been a striking shift in language in comparison to last year’s G20 leader’s declaration. The new draft directive from the G20 leaders failed to back the Paris Climate Agreement; rather acknowledges the various circumstances, such as nations resolute to enforce the Paris Agreement. The US isn’t harping that nothing can be done about climate change but they don’t want to have the commitment or the goals enforced by the Paris Agreement.