| Author (Corporate) | Cardiff EDC (Compiler) |
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| Publication Date | November 2020 |
| Content Type | Overview |
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Summary: Saudi Arabia hosted a virtual G20 Summit on 21-22 November 2020. Further information: The G20 leaders expressed their strong commitment to coordinated global action, solidarity, and multilateral cooperation. They committed to working together to overcome the COVID-19 (coronavirus) pandemic, restore growth and jobs, and build a more inclusive, sustainable and resilient future. They committed to sparing no effort to make sure that all people have affordable and equitable access to safe and effective COVID-19 diagnostics, therapeutics and vaccines. They also committed to advancing global pandemic preparedness, prevention, detection and response. The G20 leaders were also determined to support the most vulnerable and fragile countries, notably in Africa, in their fight against the pandemic. To this end, they committed to allowing countries eligible under the G20 Debt Service Suspension Initiative (DSSI) to suspend official bilateral debt service payments until June 2021. The leaders reaffirmed their support to the reform process of the World Trade Organisation (WTO) in the lead-up to the 12th WTO Ministerial Conference. They recognised the contribution that the Riyadh Initiative on the Future of the WTO has made. They also agreed to strive to find a consensus-based solution for a globally fair, sustainable, and modern international tax system by mid-2021, built on the ongoing work of the OECD. On digital economy, the participants expressed their support for fostering an open, fair and non-discriminatory environment and for protecting and empowering consumers while addressing the challenges related to privacy, data protection, intellectual property rights and security. At the end of the summit, the G20 leaders adopted a declaration. |
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| Subject Categories | Politics and International Relations |
| Subject Tags | Multilateral Relations |
| International Organisations | Group of Twenty [G20] |
