Communique: G20 sees itself as well prepared for fallout from Brexit

The Group of 20 leading advanced and emerging countries see themselves well prepared for possible negative effects of Britain's decision to leave the European Union, and other global uncertainties, according to a draft of the G20 summit communique seen by dpa on Monday.

"Members of the G20 are well positioned to proactively address the potential economic and financial consequences stemming from the referendum. In the future we hope to see the UK as a close partner of the EU," the draft read.   

World leaders were meeting Monday on the second and final day of the annual G20 summit, which China is hosting this year in the historic eastern city of Hangzhou. 

Participants will be seeking further cooperation and progress on topics including global and financial governance, international trade and investment, inclusive development and are also expected to discuss ways to combat terrorism and the refugee crisis in the last open session of the day. 

G20 members will commit to "ensure that [their] economic growth serves the needs of everyone and benefits all countries and all people including in particular women, youth and disadvantaged groups, generating more quality jobs, addressing inequalities and eradicating poverty so that no one is left behind," according to the draft. 

Leaders of highly industrialized economies were in attendance at the summit, including Russian President Vladimir Putin, Turkish President Recep Tayyip Erdogan, Canadian Prime Minister Justin Trudeau and British Prime Minister Theresa May. 

The full draft of the communique also contains a section confirming G20 countries seek to join the Paris Agreement, which dpa first reported on Sunday after seeing a portion of the draft. 

"We commit to complete our respective domestic procedures in order to join the Paris Agreement as soon as our national procedures allow," it said.  

The agreement is the first universal action plan to mitigate the impacts of climate change and will enter into force 30 days once 55 countries accounting for at least 55 per cent of global greenhouse emissions ratify it.

US President Barack Obama and Chinese President Xi Jinping jointly entered their countries into the climate agreement on Saturday, bringing the total number of ratified countries up to 26. 

Xi said in a speech to participants Sunday evening that "it is imperative that the G20 takes the lead and blaze a trail." 

Last update: Mon, 05/09/2016 - 09:36
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