Raphael Oni
Chinese President Xi Jinping addressed the 19th G20 Summit in Rio de Janeiro, Brazil, emphasizing the need for a fair and equitable global governance system. During the second session, focused on reforming global governance institutions, President Xi stressed the importance of cooperation and mutual support .
Key Takeaways from President Xi’s Remarks:
– Global Economic Governance: Improve economic partnerships, reinforce macro policy coordination, and foster an open and inclusive environment for international cooperation.
– Global Financial Governance: Increase representation of developing countries, stabilize international financial markets, and strengthen the global financial safety net.
– Global Trade Governance: Reform the World Trade Organization (WTO), oppose protectionism, and build equal and inclusive industrial partnerships.
– Global Digital Governance: Lead digital transition, integrate digital and real economies, and ensure artificial intelligence benefits all.
– Global Ecological Governance: Implement the Paris Agreement, provide support to developing countries, and transition to clean energy.
President Xi also highlighted the importance of global security governance, urging support for the United Nations and its Security Council in resolving crises. He emphasized the need for a peaceful settlement to the Ukraine crisis and an end to the war in Gaza, as well as implementing the two-State solution to restore Palestine’s legitimate national rights.
A Call to Action:
President Xi concluded by emphasizing the G20’s founding mission and the need for true multilateralism. He encouraged leaders to make a fresh start from Rio de Janeiro, working together towards a better future of common development and prosperity.
The G20 Rio de Janeiro Leaders’ Declaration was adopted at the summit, outlining the group’s commitment to addressing global challenges. With President Xi’s remarks, China reaffirms its dedication to international cooperation and global governance reform.
