The 15th G20 summit, chaired by the Saudi monarch, will begin today in Riyadh

 

The 15th G20 summit, chaired by the Saudi monarch, will begin today in Riyadh

Riyadh News Latest - International Press Agency - November 21, 2020 The two-day G20 summit chaired by King Salman of Saudi Arabia is starting today in Riyadh, according to the Arab Broadcasting Corporation. The summit starts on November 21 and is the group's 15th annual meeting. King Salman bin Abdulaziz of Saudi Arabia will preside over the summit, which is considered crucial due to the Corona epidemic, and will discuss issues affecting the global economy.

The G20 summit will be attended by officials from international organizations and institutions, the World Food and Agriculture Organization, the Financial Stability Council, the World Health Organization and the World Labor Organization. The meeting will be attended by officials from the United Nations, the World Bank Group and the World Trade Organization, as well as officials from the Arab Monetary Fund, the Islamic Development Bank, the African Union and the GCC.

On the other hand, a senior US official has confirmed that US President Donald Trump intends to attend the G20 summit chaired by Saudi Arabia. The G20 summit will address the global crisis caused by the corona virus and global financial, social and economic issues. Saudi King Salman bin Abdulaziz will address the inaugural session of the summit.

The summit's work, which is usually an opportunity for bilateral dialogue between world leaders, will be limited to short sessions this year via video link on critical global issues caused by the corona virus. Sources close to the organizers of this year's G20 summit in Saudi Arabia say the talks are expected to focus on the effects of the epidemic and measures to revive the global economy.

The G20 will consider providing further assistance in dealing with possible debt defaults in developing countries, as well as reviewing new vaccine discoveries and prospects for Code 19 and anti-vaccine preparations Will. It should be noted that the G20 finance ministers in their meetings this year set out the first-of-its-kind strategy to mitigate the effects of the corona epidemic on the poorest countries. The G20 countries represent two-thirds of the world's population and their economies. The volume is equal to 85% of the world's economy and it owns 75% of world trade.

Earlier in May, a meeting of G20 trade ministers chaired by Saudi Arabia called on all countries to work for the lifting of travel bans because of the world's coronavirus, the world's leading aviation, tourism and related industries. It is almost destroyed by sanctions. The G20 ministers of trade and investment said in a joint statement at the end of an online meeting chaired by Saudi Arabia that the ministers of trade and investment demanded that no restrictions be imposed on the export of agricultural foodstuffs. The trade pledged to work together to address the problems caused by the corona virus epidemic.

The meeting also agreed that concrete steps would be taken to mitigate the effects of the Corona epidemic on trade and investment. The Commerce Ministers pledged two types of security measures. The meeting said that firstly, short-term measures would be taken to mitigate the effects of the epidemic, secondly, long-term measures would be taken to bring about necessary reforms in the WTO and the multilateral trading system.

The G20 trade ministers pledged to work with global organizations to tackle the effects of the epidemic on global trade and investment and international aid shipments, the statement said. He also vowed to tackle restrictions on essential services related to the corona virus, saying such sanctions should be temporary, transparent and balanced, and that all countries should try to lift restrictions on international travel, and that the G20 communications ministers should be removed. Improve naval and air mobility and convert passenger aircraft into cargo to maximize air cargo capacity.