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Introduction
The Group of Twenty, or G20, is an intergovernmental organization made up of the European Union and 19 other nations (EU). It strives to address important global economic concerns like international financial stability, reducing greenhouse gas emissions, and sustainable development.
G20 nations catered for 85 percent of world economy, 75 percent of world trade and 66 percent of world population.
Leaders of the countries part of G20 Summit
The List of Member countries are:
- Argentina
- Australia
- Brazil
- Canada
- China
- France
- Germany
- India
- Indonesia
- Italy
- South Korea
- Japan
- Mexico
- Russia
- Saudi Arabia
- South Africa
- Turkey
- United Kingdom
- United States
- The European Union
List of L20 Summits (Summits of trade union and labour leaders from the G20 countries):
- 2008: United States Washington
- 2009: United Kingdom London
- 2009: United States Pittsburgh
- 2010: Canada Toronto
- 2010: South Korea Seoul
- 2011: France Paris
- 2012: Mexico Los Cabos
- 2013: Russia Moscow
- 2014: Australia Brisbane
- 2015: Turkey Antalya
- 2016: China Beijing
- 2017: Germany Berlin
- 2018: Argentina Mendoza
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Bali
List of B20 Summits (summits of business leaders from the G20 countries):
- 2012: Mexico Los Cabos
- 2013: Russia Saint Petersburg
- 2014: Australia Sydney
- 2015: Turkey Turkey
- 2016: China Hangzhou
- 2017: Germany Berlin
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Bali, Indonesia
List of C20 Summits (Summits of civil society delegates from the G20 countries):
- 2014: Australia Melbourne
- 2015: Turkey Istanbul
- 2017: Germany Hamburg
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Bali
- List of T20 summits (summits of think tanks from the G20 countries):
- 2012: Mexico Mexico City
- 2013: Russia Moscow
- 2017: Germany Berlin
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Milan
- 2022: Indonesia Bali
List of Urban 20 (U20) summits (summits of cities from the G20 countries):
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Jakarta
List of W20 summit (women’s summit of G20 countries):
- 2017: Germany Berlin
- 2018: Argentina Buenos Aires
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Rome
- 2022: Indonesia Lake Toba
List of Y20 summits (summits of young leaders, 18 to 30 years old from the G20 countries):
- 2010: Canada Vancouver
- 2011: France Paris
- 2012: Mexico Puebla
- 2013: Russia Saint Petersburg
- 2014: Australia Sydney
- 2015: Turkey Istanbul
- 2016: China Beijing and Shanghai
- 2017: Germany Berlin
- 2018: Argentina Córdoba
- 2019: Japan Tokyo
- 2020: Saudi Arabia Riyadh
- 2021: Italy Milan and Bergamo
- 2022: Indonesia Jakarta and Bandung
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FAQs on G20 Summit - Legal Reasoning for CLAT
| 1. What is the G20 Summit? |  |
Ans. The G20 Summit is a meeting of the leaders of the world's 20 largest economies. It is held annually to discuss and coordinate global economic issues, such as international trade, financial stability, and sustainable development.
| 2. How many member countries are there in the G20? | |
Ans. There are 19 member countries in the G20, which are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States. The European Union is also a member of the G20.
| 3. What is the purpose of the G20 Summit? | |
Ans. The purpose of the G20 Summit is to promote international economic cooperation and address global economic challenges. The leaders discuss and coordinate policies to foster strong, sustainable, and balanced growth, as well as to enhance financial stability and address issues related to poverty, inequality, and climate change.
| 4. How are decisions made in the G20 Summit? | |
Ans. Decisions in the G20 Summit are made through consensus among the member countries. The leaders engage in discussions, negotiations, and consultations to reach agreements on various issues. The consensus-based decision-making process ensures that all member countries have a say in shaping global economic policies.
| 5. What are some key achievements of the G20 Summit? | |
Ans. The G20 Summit has achieved several key outcomes over the years. Some notable achievements include coordinating global responses to financial crises, such as the 2008 global financial crisis, promoting international trade and investment, advancing financial regulatory reforms, and addressing issues related to development, climate change, and gender equality. The G20 has also played a crucial role in facilitating cooperation among member countries and fostering dialogue between developed and emerging economies.
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Document Description: G20 Summit for CLAT 2024 is part of Legal Reasoning for CLAT preparation.
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