#GS 02 International Relations
- G20 is a global strategic platform that aims to bring together the world’s biggest industrialised and emerging economies.
- It has the critical role of ensuring global economic growth and prosperity now and in the future.
- The G20 countries together account for more than 60% of the world’s population, 75% of international trade, and 80% of global GDP.
- Bangladesh, Egypt, Mauritius, the Netherlands, Nigeria, Oman, Singapore, Spain and the United Arab Emirates have been invited to be the “guest countries” for this years summit.
- The forum began in 1999 as a meeting of finance ministers and central bank governors, and has since grown into a yearly summit of heads of states.
- Each country in the G20 is represented by its Sherpa, who plans, guides, implements, etc. on behalf of the leader of their respective country.
- India Holds the presidency of G 20 from December 1, 2022 to November 30, 2023.
- The presidency of the G20 rotates every year among its members.
- The country that holds the presidency working together with its predecessor and successor to ensure the continuity of the agenda in a grouping known as Troika.
- Currently Indonesia, India, and Brazil are the Troika countries.
Members of G 20
- China, India, Indonesia, Japan, Republic of Korea, Saudi Arabia.
- South Africa
- France, Germany, Italy, Russia, Turkey, the United Kingdom, European Union.
From North America
- Canada, Mexico, United States.
From South America
- Argentina, Brazil.