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Friday, October 30, 2020

G-20 Summit 2019 Highlights: 19 member countries recommit to Paris climate deal, US opposes

At the meeting with Chines President Xi Jinping, Trump said he was open to a potentially "historic" trade deal with China.

By: Express Web Desk | New Delhi | Updated: June 29, 2019 6:30:22 pm
G20 summit, G20 summit 2019, G20 summit Live Updates, G20 summit Modi, Modi G20 summit, Modi Trump G20 summit, Modi Putin, Modi Abe, Putin Modi G20 sumit, Global Recession, Global Warming, narendra modi, pm modi at g20 summit, donald trump Japanese Prime Minister Shinzo Abe, other leaders and delegates attend a family photo session at G20 leaders summit in Osaka, on Friday. (Reuters)

G-20 Summit Highlights: Nineteen G-20 members, without US, recommitted to Paris climate deal Saturday, sidelining the Trump government in its second successive meet. The language in the final statement after the summit in Japan’s Osaka mirrors that agreed during last year’s G-20 in Argentina, but was hard-won after objections from the US.

Meanwhile, after holding bilateral talks with Chinese President Xi Jinping at the G-20 Summit in Osaka Saturday, US President Donald Trump said that the US will not levy new tariffs on Chinese exports, news agency Reuters reported. At the meeting, Trump said he was open to a potentially “historic” trade deal with China. “I actually think that we were very close and … that something happened where it slipped a little bit, and now we’re getting a little bit closer,” Trump told Xi as the cameras rolled at the start of the closely-watched talks. Key points from Day 2 of G-20 summit

India and Indonesia set an ambitious $50 billion target for bilateral trade over the next six years, Ministry of External Affairs spokesperson Raveesh Kumar said Saturday. The progress comes after Prime Minister Narendra Modi held bilateral discussions with Indonesia President Joko Widodo on Saturday at the G-20 Summit in Osaka. PM Modi also met the presidents of Brazil and Turkey on Day 2 of the summit.

Live Blog

The second day of the G-20 Summit begins in Japan's Osaka Saturday. Here are the Highlights

13:17 (IST)29 Jun 2019
Trump wants Turkey missile plans resolved without harming ties

US President Donald Trump told his Turkish counterpart Tayyip Erdogan that he wanted the issue over Ankara's procurement of air defence systems to be resolved without damaging bilateral ties, the Turkish presidency said.

Turkey and the United States have been at odds over Ankara's purchase of Russian S-400 defence systems, a move Washington has warned would trigger U.S. sanctions. Turkey has so far dismissed the warnings and said it would not turn back from the deal.

In a statement following talks between Erdogan and Trump on the sidelines of the G20 summit in Japan, the Turkish presidency said Erdogan had voiced concerns about US actions that may harm the strategic partnership between the two NATO allies.

(Reuters)

12:26 (IST)29 Jun 2019
19 member countries recommit to Paris climate deal, US opposes

19 G20 members, without US, recommit to Paris climate deal. (AFP)

12:10 (IST)29 Jun 2019
PM Modi departs from Osaka after attending G-20 Summit

Prime Minister Narendra Modi departs from Osaka after attending the two-day G-20 Summit.

11:49 (IST)29 Jun 2019
PM Modi meets Erdogan; holds talks on counter-terrorism, defence

PM Modi also held a bilateral meeting with Turkish President Recep Tayyip Erdogan held talks on a host of key issues including trade and investment, defence and counter-terrorism.

According to Ministry of External Affairs spokesperson Raveesh Kumar, the two leaders' discussions focused on trade and investment, defence, counter-terrorism, IT and civil aviation.

"The interactions in Osaka continue. A productive meeting with President Erdogan on the sidelines of the G-20 Summit. Both leaders talked about the strong development partnership between India and Turkey," the Prime Minister's Office said in a tweet.

11:03 (IST)29 Jun 2019
India, Indonesia target $50 billion trade for next 6 years

India and Indonesia on Saturday set an ambitious $50 billion target for bilateral trade over the next six years as Prime Minister Narendra Modi and Indonesia President Joko Widodo discussed ways to deepen cooperation in a number of key areas including economy, defence and maritime security.

The two leaders, who are in Osaka, Japan for the G-20 Summit, met in the morning and discussed ways to boost bilateral ties and enhance cooperation in trade and investment.

According to Ministry of External Affairs spokesperson Raveesh Kumar, India and Indonesia set a $50 billion target for bilateral trade by 2025.

Trade between the two countries in 2016 was USD 12.9 billion. It rose 28.7 per cent to USD 18.13 billion in 2017 with Indonesia's exports to India reaching USD 14.08 billion and its imports from India standing at USD 4.05 billion, according to Indonesia's Central Statistics Agency.

During his meeting between Prime Minister Modi and Indonesian President Widodo, the two leaders discussed ways to deepen bilateral cooperation in trade and investment, defence and maritime fronts.

(PTI)

10:48 (IST)29 Jun 2019
G-20 Summit closing session underway

G-20 leaders at the closing session of G-20 Summit in Osaka on Saturday.

10:41 (IST)29 Jun 2019
Turkey's Erdogan says no setbacks in S-400 deal with Russia, "eyes on delivery"

Turkish President Tayyip Erdogan Saturday said that there were no setbacks in the Russian S-400 missile defence systems deal, adding that "eyes are on the delivery process", expected in the first half of July.

Erdogan, speaking before talks with Russian President Vladimir Putin on the sidelines of a G20 summit in Japan, also said it was important to finish the first reactor in the Akkuyu nuclear power plant by 2023.

The US has warned that it would impose sanctions on Turkey if it went ahead with the S-400 deal under its CAATSA Act. But Turkey has dismissed the warnings and said it would not back down.

Erdogan is also due to meet US President Donald Trump in Osaka.

09:57 (IST)29 Jun 2019
EAM S Jaishankar holds talks with Japanese Foreign Minister

External Affairs Minister S Jaishankar holds bilateral strategic dialogue with Foreign Affairs Minister of Japan Taro Kono in Osaka.

09:55 (IST)29 Jun 2019
It is time for strengthen comprehensive strategic partnership with Indonesia: MEA

On Prime Minister Narendra Modi's meeting with Indonesian President Joko Widodo earlier today, MEA Spokesperson Raveesh Kumar said, "In today's meeting of PM Modi with President of Indonesia in Osaka, there was a view that since election has concluded in both countries, it was time for both to strengthen comprehensive strategic partnership which was established during last visit of PM to Indonesia."

(ANI)

09:43 (IST)29 Jun 2019
Explained: How US-China talks differ from any other trade negotiations

With China, the Trump administration is pushing for China to reform policies on trade, subsidy and intellectual property practices that it says have given Chinese companies an unfair advantage over US companies for decades.

The United States is not promising China reforms in return. Rather, the Trump administration has said it would remove the tariffs it has imposed on China to try to force those changes. So the incentive to China is to return to the market access it had to the United States before Trump began the trade war. Read more

09:36 (IST)29 Jun 2019
Open to ‘historic’ trade deal with China, Trump tells Xi Jinping at bilateral talks

US President Donald Trump said on Saturday he was open to a potentially "historic" trade deal with Chinese President Xi Jinping, as they began talks that could ease tensions or plunge the world's two largest economies into a deeper trade war.

"I actually think that we were very close and ... that something happened where it slipped a little bit, and now we’re getting a little bit closer," Trump told Xi as the cameras rolled at the start of the closely-watched talks.

"But it would be historic if we could do a fair trade deal. We're totally open to it, and I know you're totally open to it," he added, without giving any details about the deal.

09:12 (IST)29 Jun 2019
Australian PM Scott Morrison tweets a selfie with PM Modi, says 'Kithana ache he Modi'

'Kithana ache he Modi': Australian PM Scott Morrison tweeted a selfie with his Indian counterpart Narendra Modi from the G-20 Summit in Osaka.

09:07 (IST)29 Jun 2019
Trade issues on priority as Donald Trump, Xi Jinping hold bilateral talks

US President Donald Trump held bilateral talks his Chinese counterpart Xi Jinping Saturday on Day 2 of the ongoing G-20 summit. The prevailing trade tensions between the two nations is expected to form the core of the talks of the meeting.

08:44 (IST)29 Jun 2019
PM Modi holds talks with Turkish President Tayyip Erdogan

Prime Minister Narendra Modi met Turkish President Recip Tayyip Erdogan on the second day of G-20 Summit.

08:32 (IST)29 Jun 2019
PM Modi holds talks with Brazillian President Jair M Bolsonaro

Prime Minister Narendra Modi held talks with Brazillian President Jair M Bolsonaro on the sidelines of G-20 Summit on Saturday.

08:31 (IST)29 Jun 2019
PM Modi meets Indonesian President Joko Widodo

Prime Minister Narendra Modi held talks with Indonesian President Joko Widodo on the sidelines of G-20 Summit on Saturday.

08:11 (IST)29 Jun 2019
G-20 Osaka summit: India refuses to sign declaration on free flow of data across borders

In a sign of resistance against developed countries led by the US and Japan, which are pushing for free flow of data across borders, India Friday refused to become a signatory to the Osaka declaration on digital economy that was signed by 24 countries and groupings.

While a majority of G-20 countries signed off on the launch of “Osaka track”, an overarching framework promoting cross-border data flow with enhanced protections launched by Japan Prime Minister Shinzo Abe, India was joined by South Africa and Indonesia in keeping away. Read more

08:10 (IST)29 Jun 2019
G-20 Summit Day 1: Modi, Trump hear each other out, set stage for more talks

With a small piece of paper in hand, Prime Minister Narendra Modi spoke first and set out four priority issues he wanted to discuss with US President Donald Trump — Iran, 5G, bilateral ties and defence relationship. Trump picked out trade and 5G, even as he was effusive in his praise for Modi.

On Friday, the bilateral meeting between the two leaders went slightly beyond the allotted 40 minutes, with Foreign Secretary Vijay Gokhale telling reporters later that both sides “aired their concerns”, and agreed that their trade ministers, or representatives, will meet soon to sort out these issues. Read more

18:58 (IST)28 Jun 2019
G-20 Summit 2019 in Osaka: 10 things we know so far

The 14th edition of the G-20 Summit is currently underway in Japan’s Osaka. Prime Minister Narendra Modi met several global leaders and also addressed an informal meeting of BRICS leaders on the sidelines of the summit. Read more here

17:24 (IST)28 Jun 2019
G-20 Summit: PM Modi presents '5-I' vision

Prime Minister Narendra Modi on Friday presented his "5-I" vision to maximise digital technology for social benefit in his intervention at the G20 Summit on digital economy and artificial intelligence (AI).

"Shaping the agenda. PM @narendramodi presented his vision of maximising digital technology for society benefit in his intervention at G20 on Digital Economy & AI. The 5 'I's are -- Inclusiveness, Indigenisation, Innovation, Investment in infrastructure & International cooperation," External Affairs Ministry spokesperson Raveesh Kumar tweeted.

G20 Summit, G20 Summit Live Updates, G20 2019 Summit Live, G20 Summit 2019, G20 2019, trump xi meeting, donald trump, xi jinping, donald trumo xi jinping meet, us china trade talks, us china bilateral talks, osaka, G20 Countries, narendra modi, modi at g20 G-20 Summit in Osaka live updates: Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe talk at the start of talks at an Osaka hotel, prior to the G20 Summit at the International Exhibition Center in Osaka, on Thursday. (Reuters Photo)

Prime Minister Narendra Modi at G-20 Summit in Japan LIVE Updates

With an eye on India’s G-20 presidency in 2022, the country’s negotiators are looking at the issue of corruption and fugitive economic offenders, which is going to be the focus area of this edition’s summit. After Osaka, New Delhi will become part of the troika that includes the next of set of G20 chairs – Saudi Arabia (2020), Italy (2021) and India (2022). Negotiations are on to include a strong paragraph on the issue of corruption in the Osaka declaration.

The two-day summit in Osaka will mostly be dominated by trade issues. All eyes are on whether US President Donald Trump and Chinese President Xi Jinping can reach a truce in a dispute that has been hugely damaging for the world economy. The United States and China have waged an 11-month trade war marked by tit-for-tat tariffs on hundreds of billions of dollars of each others’ goods, roiling financial markets, disrupting supply chains and crimping global economic growth prospects.

Also read | India tariffs unacceptable, Trump says on eve of meeting with Modi

Besides this, the world leaders will also seek to resolve tensions between Washington and Iran that have led to fears of a new conflict in the Middle East. The threat of Middle East conflict has driven up global oil prices.

The leaders of Russia and Saudi Arabia, both G20 members, will also attend the two-day summit that starts on Friday, ahead of a meeting of oil cartel OPEC on July 1 and 2 to discuss oil supply policy.

The 14th edition of the two-day G-20 Summit kickstarted at the International Exhibition Center in Japan's Osaka on Friday. Expressing "deep concerns" over the present situation of global trade, Japanese Prime Minister Shinzo Abe urged leaders from the major economies to deliver a strong message to support "free, fair and indiscriminate" trade. "Today, I want to discuss with leaders measures to further enhance momentum towards reform in WTO, (World Trade Organisation)", he said.

Prior to the formal opening, Prime Minister Narendra Modi held an informal meeting with BRICS leaders and discussed terrorism "as the biggest threat to humanity which not only kills innocents but also severely affects the economic development and social stability". The Prime Minister said there is a need to stop all the mediums of support to terrorism and racism.

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