The G20 is the premier forum for international cooperation on the most important aspects of the international economic and financial agenda. It brings together the world’s major advanced and emerging economies.
The G20 includes 19 country members (Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, United Kingdom and United States) and the European Union, which together represent around 90% of global GDP, 80% of global trade and two-thirds of the world’s population.
The objective of the G20 is:
1. Policy coordination between its members in order to achieve global economic stability, sustainable growth;
2. To promote financial regulations that reduce risks and prevent future financial crises; and
3. To create a new international financial architecture.