12th Summit of G-20 - Latest Current Affairs for Competitive Exams

Question: Where was the 12th Summit of G-20 held on 7-8 July 2017?
(a) Buenos Aires
(b) Hangzhou
(c) Brisbane
(d) Hamburg
Ans: (d)
Related facts:-

The 12th summit of the G-20 was held in Hamburg Germany on 7-8 July 2017.
Germany presided over the G-20 summit for the first time. The summit was chaired by German Chancellor Angela Merkel.
Heads of all the member countries, including the President of the European Union, participated in the summit.
Spain attended the G20 Summits as a permanent guest. The German Presidency had invited Norway, the Netherlands and Singapore as partner countries to the G20 process, as well as the African Union (AU), represented by Guinea, the Asia‑Pacific Economic Cooperation (APEC), represented by Vietnam, and the New Partnership for Africa’s Development (NEPAD), represented by Senegal.
Prime Minister Narendra Modi led the Indian delegation to this summit.
Arvind Pangariya, Deputy Chairman of the NITI Aayog, was India’s Sherpa to the summit.
Addressing the conference, the Prime Minister said that G-20 should be opposed to funding of terrorism, terrorist organizations, their shelters, supporters of terror and sponsors.
n addition, he reiterated India’s commitment to implement the Paris Agreement with its spirit and essentially mentioned its implementation globally to fight climate change.
In addition to attending the conference, the Prime Minister met with Japan’s Prime Minister Shinzo Abe, Canadian Prime Minister Justin Trudeau, South Korean President Moon Jae-in , Italy’s Prime Minister Paolo Gentiloni, Norwegian Prime Minister Erna Solberg, Argentina’s President Mauricio Macri, UK Prime Minister Theresa May and Vietnam’s Prime Minister Nguyen Xuan Phuc.
G-20 is an important platform for cooperation and consultation on issues related to international economic and financial system.
The Group of Twenty is comprised of 19 countries plus the European Union. The countries are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom and the United States of America.
All the members of the G-20 group as a whole represents two-thirds of the world’s population about 85 percent of GDP of the world and about 75 percent of the world trade.
G-20 was established in the year 1999 after the East Asian financial crisis.
After the establishment, a meeting of the Finance Ministers and central bank of its member countries started every year since 2000.
In the wake of the global economic and financial crisis, the Summit of G-20 Heads of State / Heads of Government began in the year 2008.
Its first summit was held in Washington, USA in 2008.
It was held on half yearly basis till the year 2010, but after that since 2011, it is being held annually.
It is notable that the 11th summit of the G-20 was done in Hangzhou (China).
The 13th summit of the G-20 is proposed in Argentina in 2018.

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