G20 countries to merge in Osaka to find way for “human centered future society”

G20 countries to merge in Osaka to find way for “human centered future society”

New Delhi, June 23 (HS): Prime Minister Narendra Modi will attend the 14th G20 Summit in Osaka, Japan, from 28-29 June. The Summit under Japanese Presidency is centered around the theme “Human centered future society”.

The issues under discussion at the summit include Free trade and economic growth, global economy including taxation, finance, Digital Economy and Artificial Intelligence; Inclusive and Sustainable World; Energy and Environment, Society 5.0, Quality infrastructure, Global Health, Aging, Climate change, and Marine plastic waste. The Summit will also adopt a declaration.

The issues of importance for India at G20 includes energy security, financial stability, disaster resilient infrastructure, reformed multilateralism, WTO reforms, countering terrorism, return of economic fugitives, food security, democratization of technologies and portable social security schemes.

On the sidelines of the G20 Summit, informal meeting of the BRICS leaders and bilateral meetings with other leaders would also take place.

The Summit will also be attended by the heads of state/government of 18 member countries, EU and other invited countries and International Organizations.

Established in 1999, G20 was elevated from a forum of finance ministers and central bank governors to that of heads of state/government in 2008 to effectively respond to the global financial crisis of 2008.

Since then it has emerged as the premier global forum for international economic cooperation. G20 members represent around 85 per cent of global gross domestic product, over 75 per cent of global trade, and two-thirds of the world’s population.

India has participated in all the G20 Summits held so far. India will host the G20 summit in 2022 for the first time.