UK PM calls for reform of international rules-based system
Speaking at the G20 summit in Johannesburg, Starmer described the current era as “a moment of mounting competition” with crises unfolding worldwide. He cited the ongoing conflict in Ukraine and instability in the Middle East, noting that “the shockwaves of the war are still reverberating through global markets.”
“With all that in mind and echoing what others have said, the role of the G20 is critical at this moment,” Starmer added. He highlighted the need to address global imbalances such as excessive surpluses and deficits and to promote open and balanced trade.
Starmer further stressed that economies must become more resilient “in an era of instability” and said, “We need to reform the international rules-based system so that it is fit for the modern world.” He called for countries to collaborate in addressing the unique challenges facing emerging economies, particularly in Africa.
The G20 summit opened Saturday in Johannesburg, bringing together delegates for two days of talks under the theme “solidarity, equality, sustainability.” The US, a founding member of the G20, boycotted this year’s gathering. Established in 1999, the G20 consists of 19 countries and two regional bodies—the EU and the African Union.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
