G-20 Foreign Ministers’ Meeting 2022

G-20 Foreign Ministers’ Meeting- Relevance for UPSC Exam

G-20 Foreign Ministers’ Meeting: G-20 Foreign Ministers’ Meeting is an important gathering of G20 foreign ministers that eventually leads to G20 Leaders meeting. G20 grouping is important for UPSC Mains GS Paper 2 (International Relations- Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests).

G-20 Foreign Ministers’ Meeting in News

• Recently, Indian External Affairs Minister S Jaishankar met Chinese Foreign Minister and State Councillor Wang Yi at the G20 Foreign Ministers Meeting.

G-20 Foreign Ministers’ Meeting

• About: The Ministry of Foreign Affairs of the Republic of Indonesia held G-20 Foreign Ministers’ meeting 2022 within the framework of Indonesia G20 Presidency.
• Host: Indonesia being the chair of G20 for 2022, hosted the G-20 Foreign Ministers’ meeting 2022.
• Mandate: At G-20 Foreign Ministers’ Meeting 2022, the participating foreign ministers “deliberated on issues of contemporary relevance, such as-
  • Strengthening multilateralism and
  • Current global challenges including food and energy security”
• Significance: India’s role in the G20 is of even greater importance as India will inherit the G20 Presidency for 2023.

G20 Agriculture Ministers Meet

G20 Summit 2022

• Background: The G20 was formed in 1999 in the backdrop of the financial crisis of the late 1990s that hit East Asia and Southeast Asia in particular.
  • The first G20 Summit took place in 2008 in Washington DC, US.
• About: G20 is a global grouping that aims to secure global financial stability by involving middle-income countries.
  • In addition to G20 Summits, the Sherpa meetings (that help in negotiations and building consensus), and other events are also organised throughout the year.
• G20 Members: Full members of G20 are- Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.
  • Each year, the presidency invites guest countries.
• G20 Secretariat: The G20 has no permanent secretariat.
• G20 Sherpas: The agenda and work are coordinated by representatives of the G20 countries, known as ‘Sherpas’, who work together with the finance ministers and governors of the central banks.
  • India recently said ex-NITI Aayog CEO Amitabh Kant would be the G20 Sherpa after Piyush Goyal.
• Significance: Together, the G20 countries include 60 per cent of the world’s population, 80 per cent of global GDP, and 75 per cent of global trade.
• G20 Presidency: The presidency of the G20 rotates every year among members. Presently Indonesia have the G20 Presidency.
  • G20 Presidency 2023: India will inherit the G20 Presidency for the year 2023.
• G20 Troika: Country holding the G20 presidency, together with the previous and next presidency-holder, forms the ‘Troika’ to ensure continuity of the G20 agenda.
  • Italy, Indonesia, and India are the Troika countries right now.

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