G20 Delhi Summit 2023 Highlights: During the concluding ceremony of the annual G20 summit held in New Delhi, India officially handed over the G20 presidency to Brazil. Prime Minister Narendra Modi facilitated the transition by passing the ceremonial presidency’s gavel to Brazil’s President Luiz Inacio Lula da Silva. The third session ‘One Future’ was held at the Leaders’ Lounge of Bharat Mandapam.
Earlier on Sunday morning, Prime Minister Narendra Modi welcomed the world leaders and heads of various delegations at Delhi’s Rajghat. The PM presented the dignataries with an ‘angvastram’ or stole, all while standing before a backdrop featuring an image of ‘Bapu Kuti’. The leaders along with Modi later paid tribute to Mahatma Gandhi by maintaining a moment of silence and laying wreaths. Meanwhile, the British Prime Minister Rishi Sunak, along with his wife Akshata Murty, made a Sunday morning visit to New Delhi’s Akshardham Temple for prayers. Stringent security measures had been put in place in and around the temple in anticipation of the UK Prime Minister’s arrival.
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The depth of discussions between Prime Minister Narendra Modi and the Brazilian President Luiz Inácio Lula da Silva on the sidelines of the G20 Summit in New Delhi was not just another diplomatic encounter; it was a reaffirmation of their shared values, common goals, and a mutual vision for global progress.
This meeting was reflective of the broad spectrum of topics on their agenda, which ranged from food and energy security to defence cooperation and agriculture. This depth underscores the robustness of their bilateral ties and both countries marked the 75th anniversary of diplomatic relations earlier this year. (Read More)
French President Emmanuel Macron emphasised that while the G20 was originally established to address global economic matters, it may not be the ideal forum to anticipate significant diplomatic advancements regarding the Ukraine conflict.
During a press conference, he stressed that the G20 declaration should not be interpreted as a diplomatic triumph for Russia, noting that Russia had essentially ended up isolated at the summit.
Macron underscored that Russia is continuing its military actions, and he affirmed that the G20's commitment remains focused on achieving a fair and enduring peace in Ukraine.
As G20 President, India did its best to send across a message of unity and peace to the world while Russia was still waging its aggression against Ukraine, French President Emmanuel Macron said on Sunday.
Considering the current fragmented environment, India has done well as G20 president, Macron noted at a media briefing here after the Summit concluded.
Referring to the India-French strategic partnership, he said the relationship is much more than bilateral engagement and that the two countries have to work towards resisting the fragmentation of the world.
On Indo-French defence ties, Macron, without giving specific details, said additional contracts and procurements will follow in months and years to come.
The G20 is not a forum for political discussions, Macron said while responding to a question on whether the paragraphs relating to the Ukraine crisis in the G20 Declaration are a sort of a climbdown by the West.
The French president said the vast majority of G20 countries condemned the Russian invasion of Ukraine but G20 should not get stuck because of one issue. (PTI)
G20 chief negotiator Amitabh Kant shared on X that achieving a consensus on the Ukraine war required an extensive effort, including more than 200 continuous hours of negotiations, 300 bilateral meetings, and the creation of 15 draft agreements.
"We support a deep reform of global governance. Security Council but as well the World Bank and the IMF, they have to reflect today's reality in terms of demography and economy as well. And then we want to increase the available tools. That's why we want to replenish the World Bank and France is supporting that so that the emerging countries have a greater role to play," Macron said.
"I thank PM Modi. Faithful to its principles India did its utmost for the G-20 presidency to serve unity and peace and send across the message of unity while Russia is still waging its aggression on Ukraine," French President Emmanuel Macron said.
The G20 summit in New Delhi concluded on Sunday as India passed the presidency to Brazil. Both the United States and Russia commended the consensus reached, which refrained from explicitly condemning Moscow for its involvement in the Ukraine conflict but instead emphasized the human suffering caused by the war and urged all nations to refrain from using force to acquire territory. Prime Minister Narendra Modi proposed that the group's leaders convene a virtual meeting in November to assess the progress made on the policy recommendations and objectives announced during the weekend. He stressed the group's collective responsibility in expediting progress on these suggestions. The surprising consensus at the summit was a departure from the earlier discord surrounding the Ukraine conflict. In the lead-up to the summit, divergent viewpoints on the war had posed a threat to the event, with Western nations advocating for a strong stance against Moscow's invasion, and Russia asserting it would block any resolution not aligning with its position.
#watch | G 20 in India | Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance says, "Consensus was built on how to strengthen multilateral developmental banks, their effectiveness, better bigger and more effective banks so that their development impact can… pic.twitter.com/BYVnO2q8XF
— ANI (@ANI) September 10, 2023
"Under the leadership of India as this year's chair, we were able to agree on the G20 Leaders' declaration which is a truly meaningful achievement. Japan has been engaged in the negotiations with the intent to pass on the outcome of the G7 to the G20 and we were able to hand over to the G20 points that were confirmed at the Hiroshima Summit. I look forward to working with other leaders to follow up on the outcomes delivered by the G7 and G20," says Japanese PM Fumio Kishida.
European Commission President Ursula von der Leyen advocated for the development of a new global framework to address the risks associated with artificial intelligence (AI) during her address at the "One Future" session of the G20 Summit, a PTI report said. She emphasized that such a framework would safeguard against systemic societal risks while encouraging investments in secure and responsible AI systems. Von der Leyen underscored the growing significance of the digital future and the need to navigate the rapidly evolving field of AI. She noted that even AI creators and inventors are urging political leaders to implement regulation.
The European Union took proactive steps in 2020 by presenting the first-ever law on artificial intelligence, aiming to balance innovation with trust. However, von der Leyen stressed the need for broader international cooperation. She proposed that Europe, along with its global partners, should establish a novel global framework for managing AI-related risks, ensuring both societal safety and responsible AI development. Furthermore, von der Leyen suggested that at the global level, there should be an effort similar to the Intergovernmental Panel on Climate Change (IPCC) for AI. This initiative would involve outreach to scientists, entrepreneurs, and innovators to effectively address AI-related challenges.
World Bank President Ajay Banga told ANI, "I consider the fact that there was a declaration, a tribute to the fact that the G 20 leadership found a way to give and take and negotiate and find a right way to agree and set a path to the world. The world is watching... 80% of the world's GDP was sitting in the room. If they would not agree that would not give a good message. I actually compliment India, its leadership and the G 20 leaders for being able to make sure that a terrific declaration comes out...There will be always challenges. No 20 countries will agree on everything. People will have to look after their national interests. But I am optimistic by the mood I saw in that room..."
#watch | G 20 in India | Russian Foreign Minister Sergey Lavrov says "...As soon as we start talking about Ukraine, the West is unable to maintain an intelligent discussion, all it can do is demand that Russia stop its aggression and restore Ukraine's territorial integrity, but… pic.twitter.com/EIF1s5QRT3
— ANI (@ANI) September 10, 2023
Experts suggest that members of the World Trade Organization (WTO) face a formidable challenge in achieving a fully operational WTO dispute settlement system by 2024, primarily due to differing approaches advocated by countries such as China and the European Union. During the G20 summit on September 9, leaders reaffirmed their commitment to engage in discussions aimed at establishing a robust and functional dispute settlement system within the WTO by 2024. In addition to developing regulations governing global trade, the WTO, headquartered in Geneva and comprising 164 member countries, serves as the arbiter for trade disputes among its members. The effectiveness of the WTO's dispute settlement mechanism has been compromised since December 2019 due to the absence of a functioning appellate body.
Defense Minister Rajnath Singh declared on Sunday that India's G20 presidency has made an enduring impact on the global stage. He asserted that the consensus achieved on the declaration represents a momentous step in addressing the global trust deficit. Singh commended Prime Minister Narendra Modi's vision and highlighted that Modi effectively showcased India's capabilities as both a "Vishwa Guru" (world leader) and a "Vishwa Bandhu" (world friend). "The historic G20 Summit in New Delhi has successfully concluded. India's Presidency under the visionary leadership of PM Narendra Modi has left an indelible mark on the world stage," Singh said in a post on X.
Modi during the Summit stressed the importance of adapting to the "new realities" of the world by reshaping the global structure. He highlighted that when the UN was established, it had just 51 member states, but now that number has grown to nearly 200, signifying the evolving global landscape. The prime minister asserted that it is a fundamental principle of nature that those who fail to evolve with the times lose their relevance. Additionally, he addressed the issue of cryptocurrency, noting its novelty in the realms of societal order, monetary systems, and financial stability, and called for the establishment of global standards to regulate it.
During his address at the "One Future" session of the G20 Summit, Prime Minister Narendra Modi renewed his call for reforms within international organizations, including the United Nations. He pointed out that despite the growing number of member states in the UN, the composition of permanent members in the UN Security Council has remained unchanged.
British Prime Minister Rishi Sunak conveyed his significant concerns about Chinese interference in Britain's parliamentary democracy in a meeting with Chinese Premier Li Qiang at a G20 summit in India, Sunak's office said on Sunday, reported Reuters.
As the G20 leaders' summit in India comes to a close on Sunday, the British Prime Minister reveals this major financial contribution, aimed at helping the most vulnerable communities adapt to and mitigate the effects of climate change. The UK will provide £1.62 billion ($2 billion) to the Green Climate Fund (GCF), established by 194 nations following the Copenhagen Accord at COP15. This fund is the world's largest dedicated to assisting developing nations in reducing global emissions and adapting to climate change impacts.
Read More Here: British Prime Minister Announces Historic Climate Aid Pledge at G20 in India Conclusion
On the sidelines of the G20 summit in New Delhi, India, Turkish President Tayyip Erdogan held a meeting with Egypt's President Abdel Fattah al-Sisi, as announced by Erdogan's office. The discussion between Erdogan and Sisi encompassed topics such as bilateral relations, energy collaboration between Turkey and Egypt, and pertinent regional and global matters.
#watch | G 20 in India | On the exhibition at the Bharat Mandapam, WTO delegate Nicole Mensa says, "It has been a beautiful exhibition and I think just seeing the ray of culture, items, fabrics, artefacts is a beautiful display of Indian culture... From the trade angle...it (the… pic.twitter.com/xeMCgrbxpN
— ANI (@ANI) September 10, 2023
PM Modi during his speech announced the conclusion of the G20 Summit 2023.
President of Brazil Luiz Inácio Lula da Silva after being handed over the G20 presidency for 2024, said, "Brazilian presidency of the G 20 has three priorities - First, social inclusion and fight against hunger. Second, energy transition and sustainable development in its three aspects...Third, the reform of global governance institutions. All these priorities are part of the Brazilian presidency motto which says 'Building a fair world and a sustainable planet'. Two task forces will be created - Global Alliance against Hunger and Poverty & the Global Mobilisation against Climate Change."
PM Modi called for a virtual G20 session in November. The PM made the call while addressing the Summit at the final session of G20. "As you all know India has the responsibility of G20 presidency till November 2023. In these two days, all of you gave a lot of suggestions and placed proposals. It is our duty that the suggestions we have received be reviewed once again so as to see how their progress can be sped up. I propose that at the end of November, we hold a virtual session of G 20. We can review the topics decided in this Summit, in that virtual session...I hope you all will connect in the virtual session...With this, I declare the conclusion of G 20 Summit," Modi said.
After Brazilian President's address, Prime Minister Narendra Modi underscored the importance of establishing global standards for the regulation of cryptocurrencies. He also emphasized the necessity of broadening the scope of multilateral development banks, urging for prompt and efficacious decision-making in this regard.
"We are living in a world where wealth is more concentrated in which millions of human beings still go hungry, where sustainable development is always threatened, in which government institutions still reflect the reality of middle of the last century. We will only be able to face all these problems if we address the issue of inequality - inequality of income, of access to healthcare, education, food, gender and race and also of representation is at the origin of these anomalies," President of Brazil Luiz Inácio Lula da Silva said.
Brazilian President Lula lists social inclusion, fight against hunger, energy transition and sustainable development as G20 priorities.
Prime Minister Narendra Modi has handed over the G20 presidency to Brazil. The session is still underway.
#watch | G 20 in India | Prime Minister Narendra Modi hands over the gavel of G 20 presidency to the President of Brazil Luiz Inácio Lula da Silva. pic.twitter.com/ihEmXN9lty
— ANI (@ANI) September 10, 2023
Welcoming the announcement of the ambitious India-Middle East-Europe Economic Corridor (IMEC), Israeli Prime Minister Benjamin Netanyahu characterized it as the "most significant collaborative endeavor in our history" poised to "transform the landscape of the Middle East, Israel, and hold global implications."
The novel economic corridor, often regarded as an alternative to China's Belt and Road Initiative, received a joint unveiling on Saturday by leaders representing the United States, India, Saudi Arabia, the United Arab Emirates, France, Germany, Italy, and the European Union during the G20 summit held in New Delhi.
In a video message released late on Saturday evening, Netanyahu emphasized that Israel stands at the epicenter of an extraordinary international venture that will seamlessly link infrastructure spanning from Asia to Europe.
G20 in India | At the gala dinner hosted by President Droupadi Murmu, India showcased its diverse musical heritage to the world. It witnessed the usage of traditional music from all across the country. The key highlight was ‘Gandharva Atodyam’. It is a unique musical medley… pic.twitter.com/08zUo48FZB
— ANI (@ANI) September 10, 2023
Prime Minister Narendra Modi to hold a working lunch meeting with French President Emmanuel Macron today. PM will hold a pull-aside meeting with Canadian PM Justin Trudeau and will later do bilateral meetings with Comoros, Turkey, UAE, South Korea, EU/EC, Brazil and Nigeria.