The G20 summit concluded this Saturday (1.12.2018) with a final statement without the usual forcefulness enough for all members to sign it. Consensus formulas were reached for sustainable development that is people-centred, inclusive and forward-looking. And calls to the commitment of society as a whole.
Key highlights:
1. Technology. They will maximize The benefits of digitalisation and emerging technologies for innovative growth will boost micro, small and medium-sized enterprises and entrepreneurs, bridge the digital gender gap and increase digital inclusion, protect consumers, and improve digital government, digital infrastructure and measurement of digital technology. It will also improve security in the use of ICTs.
2. Infrastructure is a key driver of economic prosperity, sustainable development and inclusive growth. To address the gap in infrastructure financing, they reaffirm their commitment to attract more private capital. To this end, the Quality Roadmap for 2019 is approved.
3. Sustainable DevelopmentThe signatories reaffirm that the Paris Agreement is "irreversible" and commit to its full implementation. Meanwhile, the United States reiterates its decision to withdraw from the Agreement and affirms its commitment to economic growth and secure access to energy, using all sources and technologies, while protecting the environment.
4. audit. They welcome the start of the automatic exchange of tax information. All countries must sign and ratify the Multilateral Convention on Mutual Tax Assistance. They continue to support efforts to increase tax certainty through the Tax Collaboration Platform.
5. StoresThey support the necessary reform of the WTO to improve its functioning.
6. Corruption. They undertake to to combat corruption. They request the implementation by all G20 countries of the United Nations Convention against Corruption, including the criminalization of bribery of foreign public officials.
7. CryptocurrenciesCryptocurrencies will be regulated to combat money laundering and counter terrorist financing in accordance with FATF standards.
Multilateralism
The thirty-one-point document referred to the importance of multilateralism in addressing trade disputes, although for the first time The word “protectionism” was not included in the text.
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