G20 Summit Concluded, Stressing Work to Enhance Global Economic Growth

Photos: Saudi Arabia's crown prince receives a warm welcome ahead of G20 summit

Japanese Prime Minister Shinzo Abe, who was chairing the current session of G20 summit, stressed that the group will work to enhance global economic growth, expressing full confidence that the next G20 summit, set to take place, in the Kingdom of Saudi Arabia, will be a great success.

In a press conference, the Japanese Prime Minister said that the group agreed to improve the economic growth, pointing out that the world is able to unite, in order to provide an environment for the economic growth.

With regard to the next G20 summit in the Kingdom of Saudi Arabia, he said “We are fully committed to the success of the upcoming summit, in Riyadh.

The Kingdom of Saudi Arabia has announced the Vision 2030 and is deeply involved in unprecedented reforms, and I wish it a great success in hosting the G20 summit, in Riyadh,” he added.

G20 summit final declaration reaffirmed that the member states are keen to harness the power of technological innovation related to digitalization, in particular, and applying it for the benefit of all, in strive to create a virtuous cycle of economic growth and to build a society, capable of seizing opportunities and tackling economic, social and environmental challenges, facing the world today and in the future, including those of demographic change.

Leaders of group reaffirmed their commitment to use all policy tools to achieve strong, sustainable, balanced and inclusive growth, and to bring about safeguards against downside risks, by stepping up the dialogue and actions to enhance confidence, reasserting that they strive to realize a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment, and to keep the markets open, as the international trade and investment are important engines of growth, productivity, innovation, job creation and development.