close

News WrapGet Handpicked Stories from our editors directly to your mailbox

With focus on economic offenders and countering terror, PM Modi to participate in 14th G20 Summit in Japan

File photo: PM Narendra Modi at the SCO Summit. (Image source: @MEAIndia) Photograph:( Twitter )

WION Osaka, Osaka, Japan Jun 25, 2019, 10.57 AM (IST) Written By: Sidhant Sibal

PM Modi will be in Japan later this week for 2 days - June 28 and 29 - to participate at the 14th G20 Summit in Osaka. This will be the 6th G20 he will be participating in since 2014 and the first one of his second term. PM Modi has earlier participated at the summit held in Brisbane (2014), Antalya (2015), Hangzhou (2016), Hamburg (2017) and Buenos Aires (2018).

PM will be taking part in nearly 10 bilaterals and pull-asides during the summit.

He will be meeting Japanese PM Shinzo Abe, Russian President Vladimir Putin, Chinese President Xi Jinping and US President Donald Trump. This will be PM's first meet with Shinzo Abe and Donald Trump in his second term. He met Chinese and Russian leaders on the sidelines of the Shanghai Cooperation Organization (SCO) Summit in Bishkek, Kyrgyzstan just 2 weeks ago.

During last year's summit in the Argentine capital Buenos Aires, PM Modi met these leaders under the JAI- Japan, America, India grouping; RIC-Russia, India and China tri-laterals and during the BRICS Summit. Remember, the informal meeting between Modi and Xi during the informal BRICS Summit at the 2017 Hamburg G20 acted as a major icebreaker between the two countries in the backdrop of the Doklam crisis that year.

New Delhi is expected to strongly raise the issue of economic offenders and black money this year at the summit. 

"We are keen that the economic offenders and those who are the perpetrators of economic crime, holders of black money should be brought to book. Those are running away from India should be brought back and no country should provide them shelter," India's sherpa or the chief negotiator for G20 Suresh Prabhu told WION.

Other than this, climate change, countering terrorism, disaster resilient infrastructure, reformed multilateralism, WTO reforms will be other areas of focus for India. The summit is happening in the backdrop of trade wars between the world's biggest economies - US and China - and Washington's diminishing commitment to global trade body the World Trade Organisation (WTO).

"India is of the strong view that global trade should be free from any restrictions. Multilateralism should prevail, it should happen under WTO. Reforming WTO is necessary but it should happen in a way that all the countries in the world should have the right to decide. WTO should be a forum for growth, equity and inclusiveness," Prabhu explained.

But the annual gathering of the world's power club will have plenty to talk about including the much talked about meeting between US President Donald Trump and Chinese President Xi Jinping to resolve issues on trade. The US-Iran tiff is also expected to dominate the discourse.

The theme of this year's summit under the Japanese presidency is "Human-centred future society” and the focus will be on a range of issues from digital economy and artificial intelligence to inclusive and sustainable world and pressing issues like energy and environment, global health, climate change and marine plastic waste. 

The G20 emerged in the backdrop of the Asian financial crisis in 1999 when it was a forum of finance ministers and central bank governors of developing and developed countries. 

After the 2008 global financial crisis, it took shape into its present form and has summits across the world. 

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.