Energy science and engineering, University in Seoul, South Korea

Japanese Prime Minister Shinzo Abe said in a press conference after the end of the two-day summit that the G20 leaders agreed on the need to boost economic growth and expressed concerns about globalization and the world trade system, reports Efe news.Abe said the 20-member group reaffirmed its support for "the fundamental principles backing a free trade system" and placed special emphasis on achieving open, free and non-discriminatory markets and a level-playing field.Japanese Prime Minister said even though it was difficult to find one solution to so many global challenges at once, the group had managed to show a common will in many areas.The leaders also recognized the clear "downside risks" to the global economy according to Abe, who said the member-countries had agreed to spearhead economic growth and stressed the need to reform the World Trade Organization.The final statement signed by the leaders flags the intensification of geopolitical and trade tensions, but does not include any mention of growing protectionism, in the context of the growing trade tensions between the US, China and other countries.The joint declaration said global growth was stabilizing and was expected to register a small rise later this year and in 2020, adding that the bloc was committed to confronting the risks associated with the tensions and launch more actions if needed.Established in 1999, the G20 is a central forum for international cooperation on financial and economic issues. It comprises 19 countries plus the European Union (EU).The member nations are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain and the US.( With inputs from IANS )

Energy Science And EngineeringFOLLOW

Energy science and engineering, Latest News

US President Donald Trump on Sunday termed his meeting with North Korean leader Kim Jong-un as "wonderful" and said it was a great honour for him to step on the soil of the country. ...

US President Donald Trump on Sunday became the first sitting American leader to step foot into North Korea after he briefly entered the country before holding a bilateral meeting with Pyongyang's Kim Jong-un at the Demilitarized Zone (DMZ), that divi ...

US President Donald Trump and North Korean leader Kim Jong-un on Sunday met at Panmunjom, a border village at the Demilitarized Zone (DMZ) that separates the two Koreas, and shook hands. ...

Visiting US President Donald Trump and North Korean leader Kim Jong-un have agreed to meet at Panmunjom, a border village at the Demilitarized Zone (DMZ), on Sunday, South Korean President Moon Jae-in announced after a summit with the former. ...

In a fresh bid to restart stalled denuclearisation talks, US President Donald Trump on Saturday announced that he will meet North Korean leader Kim Jong-un at the Inter-Korean border. ...

Visiting US President Donald Trump strongly hinted Sunday that he will meet North Korean leader Kim Jong-un at the Demilitarized Zone (DMZ) or the inter-Korean border later in the day. ...

After attending the G-20 summit in Japan, US President Donald Trump on Saturday attended a dinner meeting hosted by his South Korean counterpart Moon Jae-in at the latter's presidential office here, hours after his arrival in South Korea. ...

The members of the G20 bloc on Saturday concluded their two-day Summit here by declaring support for the principles of free trade and economic growth amid global trade-related tensions. ...