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Monday, January 17th, 2022

G20 has delivered a strong message

INVC NEWS
New Delhi,
Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles and Heavy Industries, Shri Piyush Goyal today said that this G20 has delivered a strong message of recovery from the Pandemicacross pillars of health, economy, employment & education & tourism, and climate action.

He was briefing the media on the Leaders’ Communique of the recently concluded 16th G20 Summitand outcomes of Prime Minister, Shri Narendra Modi’s participation in the Summit.

This was the Prime Minister’s 8th G20 Summit since 2014 and first in-person Summit since the Osaka Summit in 2019. The theme of Summit under Italian Presidency was ‘People, Planet, Prosperity’, with an overarching theme of recovery from the pandemic.

The Prime Minister participated in all 3 Summit Sessions on Global Economy and Global Health; Climate Change and Environment and Sustainable Development. The Leaders adopted the Rome Declaration at the Summit.

Briefing the press on the salient aspects of the Leaders’ Communique, Shri Piyush Goyal expressed his satisfaction at the recognition of COVID-19 immunization as global public good by the summit and also at having obtained the language seeking recognition of COVID-19 vaccines deemed safe & efficacious by WHO and helping WHO improve its capacity to strengthen its ability for vaccine approval including optimizing its processes.

The Minister expressed happiness at the extension of G20 debt suspension service initiativebecause of which vulnerable, low income countries will not be burdened with debt repayment at this critical time.

Speaking of Agriculture, Shri Goyal said that India had pushed and obtained consensus on improving of livelihoods for small and marginal farmers.

“On energy and climate, instead of only focusing on the climate goals, India along with other developing countries was able to introduce language on what actions need to be taken including by developed countries to achieve these goals”, he added.

“For 1st time, G20 identified sustainable & responsible consumption & production, along with provision of finance & tech as “critical enablers” for achieving climate goals of keeping 1.5 degrees within reach”, he added.

This is line with PM’s vision of promoting the mantra of sustainable lifestyles all over the world. Sustainable consumption and responsible production patterns is coming from SDG 12, and is aimed at encouraging developed countries to reduce their luxurious energy intensive lifestyles

Shri Goyal said that India has pushed for the inclusion of the principle of Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC), enshrined in the UNFCCC and its Paris Agreement, as the basis for climate action. “India pushed for an explicit recognition that the goal of developed countries making available $100 Bn per annum through 2025 has not been achieved, is expected to be met no later than 2023”, he added.

Shri Goyal also spoke of the G20 commitment to mobilise international public and private finance to support green, inclusive sustainable development and the commitment to put an end to the provision of international public finance for new unabated coal finance abroad by end of 2021.

He said that the G20 also emphasized on the importance of maintaining undisrupted flows of energy from various sources, suppliers and routes. He spoke of the need for exploring paths to energy security and stability of energy markets. The Minister said that language on recognizing the role of Coalition for disaster resilient infrastructure (CDRI) in accelerating the agenda of sustainable urban planning was also introduced.

Underscoring the achievement of G20 framework on base erosion and profit sharing, Shri Goyal said that it wasa historic accomplishment for a more stable and fairer international tax system.

The Minister said that the G20 had acknowledged the importance of shared standards for seamless travel including testing requirements & results, vaccination certificates & mutual recognition of digital applications. “G20 affirms the role of data for development”, he added.

Shri Goyal said that India also pushed for language on ending gender-based violence and increasing women’s participation in the workforce; also language denouncing uneven distribution of unpaid care and domestic work.

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