G20: SHAPING AN INTERCONNECTED WORLD (2017 | Issue 2)

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Download the key messages from the 2017 G20 Summit.

TOGETHER WE CAN

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What’s Up, Germany? gives you a quick overview of the outcome of the G20 Leaders’ Summit held in Hamburg on 6 and 7 July 2017.

After much deliberation and dialogue the two-day summit concluded with the G20 Leaders’ Declaration. German Chancellor Dr Angela Merkel was satisfied with the outcome of the summit, where her primary role was to encourage all parties to come together in the interest of the global community and to contribute to “shaping an interconnected world”—the motto of Germany’s G20 presidency.

2017 G20 Leaders’ Declaration

Key Highlights of the 2017 G20 Leaders’ Declaration:

An open and resilient financial system, grounded in agreed international standards, is crucial to supporting sustainable growth. We remain committed to the finalisation and timely implementation of the agreed G20 financial sector reform agenda.

We will continue our work for a globally fair and modern international tax system and welcome international cooperation on pro-growth tax policies.

We will keep markets open and continue to fight protectionism and unfair trade practices.

We endorse the Hamburg Action Plan, which sets out to promote greater inclusiveness, fairness and equality in our pursuit of economic growth and job creation.

We need to make sure that everyone works together to strengthen health systems and be prepared against global health challenges.

International investment can promote inclusive economic growth, job creation and sustainable development, and requires an open, transparent and conducive global policy environment. We will seek to identify strategies to facilitate and retain foreign direct investment.

We remain collectively committed to mitigating greenhouse gas emissions through increased innovation on sustainable and clean energies and energy efficiency.

We launch the G20 Africa Partnership in recognition of the opportunities and challenges in African countries as well as the goals of the 2030 Agenda.

The UN’s 2030 Agenda represented a milestone towards global sustainable development. We call on countries to work with stakeholders to strive towards its implementation in accordance with national circumstances.

We will strive to ensure that all our citizens are digitally connected by 2025 and especially welcome infrastructure development in low-income countries. We will promote digital literacy and digital skills in all forms of education and life-long learning.

We welcome the newly launched initiative “#eSkills4Girls” to promote opportunities and equal participation for women and girls in the digital economy, in particular in low income and developing countries.

We are making progress in achieving our 2014 Brisbane commitment to reduce the gender gap in labour force participation by 25 per cent by 2025, but agree that more needs to be done.

We welcome the launch of the Women Entrepreneurs Financing Initiative (We-Fi), housed at the World Bank Group. We-Fi will give women increased access to capital, markets and technical assistance.

In order to achieve food security, we are committed to increase agricultural productivity and resilience in a sustainable manner, while aiming to protect, manage and use efficiently water and water-related ecosystems. In order to harness the potential of information and communication technology (ICT), we stress the need for strengthened cooperation on ICT in agriculture.

We remain committed to fighting corruption, including through practical international cooperation and technical assistance, and will continue to fully implement the G20 Anti-Corruption Action Plan 2017–18.

Download the G20 Leaders’ Declaration

Download the G20 Leaders’ Declaration