G20 world leaders convene in Argentina amidst tensions

The G20 summit hosted in Argentine’s Buenos Aires is attended by delegates and leaders of the 19 leading world’s most industrialised nations plus the EU.

This year’s summit of the world’s top economies will open on Friday with leaders struggling over the U.S.-China trade war, Russia – Ukraine standoff, Saudi Arabia’s handling of the death of Jamal Khashoggi, migration and climate change.

Reuters reports,

The two-day annual gathering will be a major test for the Group of 20 industrialized nations, whose leaders first met in 2008 to help rescue the global economy from the worst financial crisis in seven decades, but which now faces questions over its relevance to deal with the latest round of crises.

Overhanging the summit in Buenos Aires, the Argentine capital, is a bitter trade dispute between the United States and China, the world’s two largest economies, which have imposed tariffs on hundreds of billions of dollars of each other’s imports.

All eyes will be on a planned meeting between Trump and Chinese President Xi Jinping on Saturday to see whether they can find a way to calm the waters and make progress toward resolving differences that threaten the global economy.

The earlier scheduled meeting between President Trump and Russian President Vladimir Putin was called off by President on Thursday in protest of the escalation between Russia and Ukraine, to signal Washington’s disapproval of Russian behavior in the naval clash with Ukraine.

The 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 UK and the US are all represented.