The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Turkey placed development at the centre of G20 work

16 October 2015

President Zuma congratulated President Erdogan on the success of the Turkish Presidency of the G20, which ensured that under Turkish leadership, development was placed at the centre of the G20 work.

The G20 Development Working Group successfully established stronger links with other work streams in the G20, which ensured the prominence of the development agenda throughout the G20 agenda.

The G20 focuses on developmental issues such as the promotion of small and medium enterprises, strengthening women's participation in the labour force as well as addressing youth unemployment – all of which was strongly applauded by President Zuma.

President Zuma welcomed the fact that the G20 has put Africa's development on the agenda with the focus on energy. Turkey hosted the first ever G20 Energy Ministers’ meeting this year, which among other things, focused on inclusive energy collaboration on the basis of the G20 energy principles agreed to at the last G20 summit in Brisbane, Australia.

"We think that Turkey has set a good foundation for this new trajectory for the G20 which, if handled correctly, will contribute to a better world," said President Zuma.

 

 

 

 

South Africa and Turkey are to take their bilateral relations to the next level, with the setting up of a Binational Commission (BNC), the South African Presidency said.

This emerged after talks between President Jacob Zuma and his Turkish counterpart Recep Tayyip Erdogan on the margins of the G20 Leaders’ Summit taking place in Antalya, Turkey.

The two leaders agreed to structure relations between the two countries at a BNC level to be chaired by Deputy President Cyril Ramaphosa on the South African side and his counterpart on the Turkish side.

Presidents Zuma and Erdogan agreed to elevate relations in order to “further the already strong economic, social and political relations and especially to advance trade and people-to-people cooperation,” said the Presidency.

The two leaders also used their meeting to condemn the Paris terror attacks and welcomed the fact that terrorism would be discussed at the G20 Summit, as the matter required the attention of all leaders globally.

SAnews.gov.za

 

BRICS leaders call for cooperation in economic policies


BRICS leaders have called on the Group of 20 (G20) members to implement their respective national growth strategies with more urgency, given that the global economy is still at risk.

The bloc of emerging nations said the G20 must also “strengthen the macroeconomic policy coordination and cooperation among G20 members to avoid negative spill-overs and to achieve strong, sustainable and balanced growth”.

The leaders of Brazil, Russia, India, China and South Africa, met on Sunday on the sidelines of the G20 summit underway in the Turkish town of Antalya.

“They stressed their determination to continue to work together with other G20 members to make continuous contributions to a more rapid and sustainable recovery of the global economy and towards the reduction of potential risks,” the leaders said in a statement issued after their meeting.

They also noted that geopolitical challenges, including the politicisation of economic relations and the introduction of unilateral economic sanctions, continue to beset future prospects for economic growth.

They stressed the need to ensure that trade and economic blocs are consistent with World Trade Organisation (WTO) norms and principles, and contribute to strengthening the multilateral trading system.

They decided to strive to facilitate market interlinkages and an inclusive, rules-based and open world economy.

BRICS leaders also expressed their “deep disappointment” at the lack of progress in modernising international financial institutions, especially on the agreements on the reform of the International Monetary Fund (IMF).

They urged the IMF - in cooperation with its members - to step up efforts in collaborating with the G20 to find solutions that would ultimately make it possible to increase the institution's quota resources and review the distribution of quotas and votes in favour of developing countries and emerging market economies.

“The adoption of the 2010 IMF reforms remains the highest priority for safeguarding the credibility, legitimacy and effectiveness of the IMF and the leaders urge the United States to ratify these reforms as soon as possible,” the statement read.

However, they were also pleased with progress made with regards to the New Development Bank (NDB), which will enhance cooperation with existing and new financing institutions, including the Asian Infrastructure Investment Bank.

The NDB is starting its operating activities and is expected to launch its inaugural projects in the beginning of 2016.

Furthermore, the BRICS Contingent Reserve Arrangement (CRA) has been established and will contribute to the stability of the international financial system in view of the increased volatility of the world financial and economic situation.

The group also underlined the importance of strengthening BRICS strategic partnership guided by the principles of “openness, solidarity, equality, mutual understanding, inclusiveness and mutually beneficial cooperation”.

The group declared their readiness to support China in its upcoming G20 Presidency.

Paris attacks

On current affairs, the leaders strongly condemned the abhorrent terror attacks in Paris and reaffirmed their support for the people and government of France and the efforts to bring the perpetrators to justice.

They recommitted to strengthen cooperation among BRICS countries and with other nations in the fight against terrorism.

SAnews.gov.za

Photos: Siyabulela Duda, GCIS

 

More News



2017 Gerard Sekoto award14/09/2017
article thumbnail

2017 Gerard Sekoto award 14 September 2017 On Wednesday 13 September 2017, Ambassador of France to South Africa, H.E. Mr. Christophe Farnaud attended the 2017 L’Atelier art awards in Johannesburg. [ ... ]


Celebration of the National Day of Brazil14/09/2017
article thumbnail

Celebration of the National Day of Brazil 14 September 2017 The Embassy of Brazil in Pretoria held a reception in celebration of Brazil’s National Day on September 7th. The event was attended by S [ ... ]


Seeking trade opportunities in Russia12/09/2017
article thumbnail

Seeking trade opportunities in Russia 11 September 2017 Local companies have been urged to look for trade opportunities in the Russian market. Minister Plenipotentiary at the South Africa Embassy i [ ... ]


BRICS: Stronger Partnership for a Brighter Future12/09/2017
article thumbnail

BRICS: Stronger Partnership for a Brighter Future 12 September 2017 The 9th BRICS Summit was successfully held in Xiamen, China from 3 to 5 September 2017. Chinese President Xi Jinping chaired the s [ ... ]


 

 


 
 
 
 
 
 
 
_________________________________________________

August 2017 Edition

 
 
_________________________________________________

Translater


 
 
 
 
 
 
 
 
 

Doing Business in Sri Lanka The High Commission of Sri Lanka in Pretoria in partnership with the Johannesburg Chamber of Commerce and Industry (JCCI) organized a trade and investment promotion... <|> Daesh defeated Daesh, the extremist group that occupied the city of Mosul in Iraq has been defeated, said Ambassador Dr Saad Jawad Kindeel of Iraq to South Africa at a press conference held at the... <|> 65th National Day of the Arab Republic of Egypt 4 August 2017 H.E. Ambassador Sherif Issa and Madame Dina Zeidan hosted a reception on the occasion of the 65th National Day of the Arab Republic of... <|> Vietnam Cuisine Week Ambassador Vu Van Dzung of Vietnam in South Africa hosted the opening of the Vietnam Cuisine Week at Saigon Restaurant in Rivonia, Johannesburg. The Embassy of Vietnam is... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> The story of Diamond Lakes and the legendary Pienaar’s Pothole The story of Diamond Lakes and the legendary Pienaar’s Pothole is what intrigued Dr Navin Naidoo to go into the world of Diamonds... <|> The United Nations stands with South Africa’s women 9 August 2017 Pretoria, South Africa: The United Nations in South Africa extends its warm wishes to the women of South Africa on the... <|> UAE Embassy Women's Day initiative The staff at the Embassy of the United Arab Emirates in South Africa visited the Youth for Survival shelter on Women's Day and donated goods. The donation included... <|> H.E. Ambassador-Designate Lin Songtian arrives in SA Speaking to the press upon his arrival at O.R Tambo International Airport, Johannesburg, Ambassador–Designate Lin Songtian said he is back in... <|> Independence Day of Bolivia 6 August 2017 Bolivia signed its declaration of independence on August 6, 1825 and marked the first Independence Day for Bolivia. On Sunday, the Bolivian community... <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.