Highlights of 2016 G20 Hangzhou summit

Highlights of 2016 G20 Hangzhou summit

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Here we are presenting you an important topic “G20 Hangzhou summit” . This will surely help you in your exam and interview preparation to boost your General Knowledge and confidence level.

In 2008, the first G20 Leaders’ Summit was held, and the group played a key role in responding to the global financial crisis. Its decisive and coordinated actions boosted consumer and business confidence and supported the first stages of economic recovery. G20 leaders have met eight times since 2008

The 2016 G20 Hangzhou summit was the eleventh meeting of the Group of Twenty (G20). It was held on 4–5 September 2016 in the city of Hangzhou (province of Zhejiang). It was the first ever G20 summit to be hosted in China and the second Asian country after 2010 G20 Seoul summit was hosted in South Korea.

List of Venues of G-20 summit till now:

• Germany,  Hamburg, 7–8 July 2017
• Hangzhou, China, 2016
• Antalya, Turkey, November 15-16, 2015
• Brisbane, Australia, November 15-16, 2014
• Petersburg, Russia, September 5-6, 2013
• Los Cabos, Mexico, June 18-19, 2012
• Cannes Summit, November 3-4, 2011
• Seoul Summit, November 11-12, 2010
• Toronto Summit, June 26-27, 2010
• Pittsburgh Summit, September 24-25, 2009
• London Summit, April 1-2, 2009
• Washington Summit, November 14-15, 2008

Note: India has not hosted any G-20 summit till now.

Member countries of G20 Organisation

1. Argentina
2. France
3. Japan
4. Korea
5. Australia
6. Germany
7. Mexico
8. Turkey
9. Brazil
10. India
11. Russia
12. United Kingdom
13. Canada
14. Indonesia
15. Saudi Arabia
16. United States
17. China
18. Italy
19. South Africa
20. European Union

• There are 19 countries and The European Union.
• G20 members represent around 85 per cent of global gross domestic product, over 75 per cent of global trade, and two-thirds of the world’s population.

The main themes final communiqué of the summit are:

• Fight against tax evasion (asking the Organisation for Economic Co-operation and Development for a black list of tax heavens).
• 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 refugees.

Main Points of 2016 G20 Hangzhou summit:

• Breaking a New Path for Growth
• Strengthening Policy Coordination
• Robust International Trade and Investment
• Inclusive and Interconnected Development
• Global warming