Everybody’s focus will stay on the Argentine capital – Buenos Aires as the world leaders representing the 19 most powerful economies gather together for the 13th G20 summit. The dignitaries also include leaders from the European Union.
Some of the key encounters to watch out for are
The China – US Trade War
Trump is slated to host a dinner for Xi Jinping. The two men are expected to reach a compromise on the trade war that has had a severe impact on the Asian economy. This will be the first meeting of the leaders of the world’s largest economies since Washington imposed a $250 billion tariff on Chinese imports and China responded with its own measures. China will hope to convince the States to reduce their tariffs from 25% to 10%. Cui Tiankai, a representative of China’s G20 delegation said China and the United States had a shared responsibility to cooperate in the interests of the global economy. The Asian giant will be hoping for relief from all sanctions.
The USMCA Trade Pact
The three North American countries – United States, Mexico, and Canada are slated to sign a revised North American Free Trade Agreement (NAFTA) called the United States-Mexico-Canada Agreement (USMCA). The agreement announced in October this year is an update to the 1994 agreement with NAFTA. We do not know who will sign the agreement on behalf of each country.
If the agreement is signed, it will then be sent the legislatures of each of these countries, where it will have to be ratified before it can come into force.
Theresa May will be Vying for Trade Deals After a Disastrous Brexit
It is expected that the British Prime Minister will use the G20 to sell Britain’s trade future after a disastrous Brexit strategy has placed the countries economic future as bleak. May also faces the daunting task of gaining parliamentary support for the agreement, which provides for London to abide by numerous European rules in order to maintain easy access to trade. The British leader is expected to face stiff resistance from Brexit supporters and opponents from her own government and of course opposition parties.
The Interaction of World Leaders with Saudi Crown Prince Mohammed bin Salman
This Saudi Crown Prince, also known as the MBS’ first encounter with Western leaders since the assassination of Saudi journalist Khashoggi in their consulate in Turkey. After having presented several contradictory testimonies, the kingdom admitted last month that Khashoggi was killed in his consulate in Istanbul on October 2nd and that his body had been dismembered by a specially assigned “assassination squad”. According to officials in Riyadh, Crown Prince Mohammed was unaware of the murder, which would have been ordered by Turkey at the highest level of the Saudi leadership. Turkish President Erdogan excluded King Salman bin Abdulaziz Al Saud, however.
The assassination has severely strained relations between Saudi Arabia and several other countries, with human rights groups and politicians calling on Prince Mohammed to be held accountable. Many Human Rights groups also promised to hold demonstrations against Prince Mohammed’s appearance at the G20.
The Much Awaited Between Presidents Trump and Putin
The two world leaders are scheduled to meet at the G20, although Trump recently declared that he could cancel the meeting, owing to escalating tensions between Russia and Ukraine. Kiev also announced martial law in several parts of the country this week after the Russian seizure of three Ukrainian ships near the Crimean peninsula. The Kremlin also cited that it expects the meeting between the two leaders to continue, nevertheless. Russia annexed Crimea back in 2014 and now controls both sides of the Kerch Strait where the incident occurred. If the Trump-Putin meeting does take place, both parties are expected to discuss the Intermediate-Range Nuclear Forces (INF) Treaty after Trump made an announcement in October, stating that the US would cancel the deal because Russia did not respect it.