G20: Summit in Hamburg hosted by Germany
Germany is hosting a summit on July 7 - 8 in Hamburg for the Heads of State and Government of the major industrialised nations and G20 emerging economies. The motto of this year’s Summit is: building resilience, improving sustainability and assuming responsibility. During the Summit, a dinner for the G20 Foreign Ministers will also be held.
Major protocol undertaking
Enlarge image Logo of Germany’s G20 Presidency (© BPA) This is a major protocol undertaking: when the Heads of State and Government of the major industrialised nations and emerging economies meet in early July, 36 delegations will be coming to the Hanseatic City of Hamburg. A core team of around 20 from the German Foreign Office Protocol Directorate General will ensure that the Summit goes off smoothly. In the critical phase, this team will swell to 150 staff members. A 120 page master plan sets out the Summit schedule.
G20: building resilience, improving sustainability and assuming responsibility
Around 64 percent of the global population live in the G20 member countries. Together they account for about 80% of gross world product and three-quarters of international trade. At their annual summits, the states traditionally focus on global economic growth and financial market regulation.
Germany’s one year G20 Presidency began on December 1, 2016. Under the heading “Shaping an interconnected world”, the German G20 Presidency is setting three priorities: building resilience, improving sustainability and assuming responsibility.
Building resilience: regulating financial markets, facilitating international trade
Enlarge image Foreign Minister Gabriel at the G20 Foreign Ministers Meeting in Bonn in February 2017 (© dpa/picture alliance) In order to withstand crises in future, the international financial markets must be made more resilient. Within the framework of the G20, Germany is therefore advocating better supervision of the financial markets, for example the regulation of shadow banking. Efforts to combat tax avoidance are also being addressed, as are the promotion and facilitation of international trade.
Employment policy is another important factor. For example, efforts are to be made to better integrate refugees into the labour markets. Furthermore, against the background of the spread of digital technology, the future of the labour markets themselves has to be addressed.
Improving sustainability: protecting the climate, implementing the 2030 Agenda
Global warming is to be limited to well below 2°C – that is the aim of the Paris Agreement. Climate protection is also a priority for the German G20 Presidency, as is the supply with sustainable and renewable energies.
Moreover, the Summit will look at the implementation of the United Nations’ 2030 Agenda. Within the G20 framework, Germany wants to make the global economy fit for the future through action to fight climate change and create sustainable worldwide development.
Other topics that Germany wants to promote under this heading include the digitisation of the global economy, fighting antimicrobial resistance (AMR), pandemic preparedness as well as women’s economic empowerment.
Assuming responsibility: Partnership with Africa
The Partnership with Africa is another focus of the G20 Presidency: a lasting improvement is to be made to the quality of life of people in Africa. The aim is to create better conditions for economic investment in Africa and to step up cooperation in the sphere of refugee issues and migration. That is why a joint meeting of the G20 and African states took place ahead of the Summit.
Looking back: Meeting of G20 Foreign Ministers in Bonn
Enlarge image Family photo: Participants in the G20 Foreign Ministers Meeting (© Ute Grabowsky/photothek.de ) The key issues of the German G20 Presidency also dominated the Meeting of G20 Foreign Ministers which took place in Bonn on February 16 - 17. At the invitation of German Minister Sigmar Gabriel, representatives of the G20, some other invited states and various international organisations discussed issues relating to the implementation of the 2030 Agenda for Sustainable Development, peacekeeping, crisis prevention, stabilisation as well as enhanced cooperation with Africa.
The G20 Finance, Labour, Health and Agriculture Ministers, as well as those responsible for digital policy, also met in the run up to the Summit.