A call to end the ‘global trust deficit’, the launch of a rail and shipping connectivity network linking the US, India, Saudi Arabia and the Gulf and Arab states, and the launch of the Global Biofuel Alliance were some of the key takeaways from the G20 meeting in Delhi.
Here are the main conclusions of the G20:
The African Union has been appointed as the new permanent member of the G20, promoting a new world order and giving developing countries a greater say in global decision-making.
Comprehensive rail and shipping connectivity network announced linking the US, India, Saudi Arabia, the Gulf States, the Arab States and the European Union.
The Delhi Declaration was adopted in consultation with China and Russia. It called on countries to uphold international law, including territorial integrity and sovereignty, international humanitarian law and the multilateral system that guarantees peace and stability. It is being offered as an alternative to China’s Belt and Road project, which has left many developing countries in deep debt, such as Pakistan, Kenya, Zambia, Laos and Mongolia.
PM Modi announced the launch of the Global Biofuel Alliance to promote the use of cleaner fuels. It was confirmed that this alliance will accelerate global efforts to meet net zero emissions targets by facilitating trade in biofuels from various sources, including plant and animal waste.
The trust deficit that has increased in recent years must be overcome through closer cooperation among G20 member states.
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