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Pradeep Kumar

08/09/21 11:22 AM IST

Piyush Goyal appointed as India’s Sherpa for G20 meet

In news

Trade Minister Piyush Goyal has been appointed as India’s Sherpa for the G20 meet that is expected to be held in Italy at the end of October.

Details
  • The next G20 Summit is scheduled for 30-31 October 2021 under Italian Presidency.
  • Besides trade and industry, Goyal also holds the portfolios of consumer affairs, food and public distribution and textiles,  
  • The G20 is a major international grouping that brings together 19 of the world’s major economies and the European Union, with its members accounting for more than 80% of global GDP, 75% of global trade and 60% of global population.
  • India has been a member of the G20 since its inception in 1999.
  • India will be holding the G20 Presidency from 1 December 2022 and will convene the G20 Leaders’ Summit in 2023 for the first time.
  • India will be part of the G20 Troika (preceding, current, and incoming G20 Presidencies) from 1 December 2021 till 30 November 2024.
About the G20
  • The G20 is the international forum that brings together the world’s major economies. Its members account for more than 80% of world GDP, 75% of global trade and 60% of the population of the planet.
  • The forum has met every year since 1999 and includes, since 2008, a yearly Summit, with the participation of the respective Heads of State and Government.
  • In addition to the Summit, ministerial meetings, Sherpa meetings (in charge of carrying out negotiations and building consensus among Leaders), working groups and special events are organized throughout the year.
Source: The Hindu,  Livemint

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