South Africa expressed disappointment on Thursday that the Summit Group of 20 talks it held on global economic concerns ended without agreement after top officials from several nations skipped them, and participants remained divided on matters such as climate funding.
The two-day G20 summit of finance ministers and central bankers in Cape Town failed to produce a consensus communique. However, a “chair’s summary” provided by the host stated that participants “reiterated the commitment to resist protectionism.”
The summary also stated that they “supported a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable, and transparent multilateral trading system,” utilizing numerous terms that the Trump administration has previously firmly opposed.
However, the meetings were overshadowed by the absence of several prominent finance chiefs, including those from the United States, China, India, and Japan, as well as foreign aid cuts by significant economies such as the United States and the United Kingdom, against the backdrop of escalating geopolitical tensions. South Africa’s Finance Minister, Enoch Godongwana, said he was “disappointed” that the G20 meeting could not release a joint communique.
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