Kategorie: G20

Why G20 Finance Ministers Have A Stake in Resisting Protectionism

By G20, ,
Photo: Baden-Baden

The G20 in the spa-town Baden-Baden

According to consistent press reports, drafts of the communiqué prepared for the G20 Finance Minister and Central Bank Governers at their forthcoming meeting at Baden-Baden on 17 and 18 March 2017 have dropped clear statements rejecting protectionism and competitive devaluation of currencies. Apparently, generic language about keeping “an open and fair international trading system” is to be substituted. Does this matter?

…

Read More+

The G20 should champion the 2030 Agenda for Sustainable Development

By G20, , , ,
Photo: UNO HQ

G20 are committed to the 2030 Agenda

One major objective of the German G20 Presidency is to make progress on realizing the 2030 Agenda for Sustainable Development and the 17 Sustainable Development Goals (SDGs) it enshrines. The 2030 Agenda is essential in order to tackle the most pressing domestic and global challenges the world is facing. Therefore, the 2030 Agenda should be understood as providing overarching guidance for all workstreams of the G20. By identifying collective and individual action, the G20 can contribute considerably to the implementation of the Agenda.

…

Read More+

In praise of free trade

By G20, , , ,
Photo: Water Pipe

Trade in food is trade in water

Climate change will impact all human societies, and especially the poor. As acknowledged by the G20 agriculture ministers‘ declaration  in January 2017, the agricultural sector is crucial for food security, climate change adaption, reducing greenhouse gas emissions, managing water scarcity and human migration, and achieving peace and stability. Agricultural trade will play an important role.

…

Read More+

Getting smart about data helps tackle corruption

By G20, , , ,

Tackling corruption a priority

The G20 has made tackling corruption a priority in 2017, highlighting in particular the harm caused in impeding the development of the poorest countries, threatening market integrity and distorting open competition. This damage is nowhere more evident than in public procurement. Public money is wasted, infrastructure is built to poor standards, public services are provided inadequately.

…

Read More+

How the G20 can deal with Trump’s Chinese currency complaints in Baden-Baden

By G20, , , ,
Photo: Trump Cartoon

Trump still aims to designate China as a currency manipulator

Last week in an interview with Reuters, U.S. President Trump labelled the Chinese as “grand champions at manipulation of currency”, indicating he has not fully backtracked from his campaign promise to designate China as a ‘currency manipulator’ on ‘day one’ of his Presidency. The position of Washington on this topic has not exactly been crystal clear, however, with the new U.S. Secretary of the Treasury, Steve Mnuchin, announcing on the same day as Trump’s comment that the Treasury was in fact still going through the formal process of analysing Chinese currency practices, and that no judgements would be made prior to the completion of that process. …

Read More+