CCH Hamburg - © www.mediaserver.hamburg.de/F.Scymanska
Hamburg Messe - © Bertram Solcher/HMC (BS)

G20 summit in Hamburg

Meeting of heads of governments from 20 major economies in Hamburg's fairgrounds from July 7-8, 2017 - representatives of international organisations taking part also

Hamburg becomes the first city in Germany to host the G20 summit of heads of state and governments when it get underway in July. In 2015, the G7/G8 summit was held in Heiligendamm and Schloss Elmau near Munich. The Messe Hamburg meets all the logistic and security technical demands made by a G20 summit. International events are hosted on the fairgrounds throughout the year. On February 12, 2016 Chancellor Angela Merkel announced that Germany, as chair of the G20, (Group of Twenty), would host the summit in Hamburg.

Countries participating in G20 summit

Apart from the G7 countries including France, Germany, Britain, the United States, Japan and Canada, heads of state and governments from the G20 including Argentina, Australia, Brazil, Canada, China, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey and the European Union (EU) will also be attending the summit. Spain also has a permanent guest status. The G20 summit is regularly attended by international organisations such as the United Nations (UN), the International Monetary Fund (IMF), the World Bank, the World Trade Organisation (WTO), the Organization for Economic Cooperation and Development (OECD) and the International Labour Organisation (ILO). The heads of regional organisations such as the African Union (AU), the Association of South-East Asian Nations (ASEAN) and the New Partnership for Africa’s Development have also been invited to the summit.
pb

Sources and further information:
http://www.hamburg.de/g20-gipfel/hintergrund/
https://www.g20.org/Bundesregierung

G7 and G20

The G20 summit differs vastly from the G7: The G20 states represent two-thirds of the world’s population who account for 90 per cent of the gross domestic product and 80 per cent of world trade. The G7 brings the world’s seven wealthiest countries together who represent just 10 per cent of the world population and less than half of the global economic output. The inclusion of other organisations at the G20 summit takes account of other nations especially emerging countries.

Key global issues

The Hamburg Senate has urged heads of state and governments meeting in Hamburg to send a signal for more equitable globalisation. This would see the summit pick up with its origins. The G20 was founded in 1999 as a meeting of finance ministers and as the G7’s reaction to the 1990s’ financial crisis in Asia. Global issues can no longer be managed only by industrialised nations. Berlin hosted the first G20 summit in December 1999. In the wake of the financial crisis, an annual G20 seemed sensible and has been held once a year since 2008. The G20 summit in 2009 in Pittsburgh led to wide-ranging decisions on re-regulating financial markets and tougher supervision of banking. Other issues have been added to the G20’s agenda such as improving development co-operation in 2010 in Seoul.

More articles

  • There are no older articles in this category.
  • There are no newer articles in this category.