2016 G20 Summit concludes in Hangzhou, China

The 2016 G20 Summit was held for two days on 4 September and 5 September 2016 at the Hangzhou International Exhibition Centre, Hangzhou, China.

The theme of 2016 G20 Summit was Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy.

It was the first ever G20 summit to be hosted in China and the second Asian country to host the Summit. Before China, Seoul, South Korea, hosted the 2010 G20 Summit.

It was the 11th summit since the inception of G20 in 1999.The summit was attended by all the leaders of the G20 including Prime Minister Narendra Modi.

The chair of the summit was Xi Jinping, President of China.

Key highlights of the summit

• On 3 September 2016, Barack Obama and Xi Jinping announced the ratification of the Paris Agreement of the 2015 United Nations Climate Change Conference by their countries. The United States and China represent respectively 18 percent and 20 percent of global carbon dioxide emissions.

• The world leaders endorsed free trade and a crowded agenda that included the Koreas, Syria and refugees.

The main themes final communiqué of the summit are:

• Fight against tax evasion
• Favour international trade and investments and opposition to protectionism
• Fiscal stimulus and innovation to boost economic growth
• Combating populist attacks against globalisation
• Strengthen support for refugee

The guest invitees in the summit were: Egypt, Kazakhstan, Laos, Senegal, Spain, Singapore and Thailand.

The 2017 G20 Summit will be held in Hamburg, Germany, under the leadership of Angela Merkel.

G20 Members: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States of America and European Union.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

The theme of 2016 G20 Summit: “Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy”.