G20 Summit in Hamburg on July 7-8 gains an
extraordinary even historic significance as US President Donald Trump makes his
maiden appearance particularly in the exciting context of US opting out of
Paris deal and PM Modi’s reinforcing India’s commitment to Paris climate
accord; two leaders of two great democracies taking two different stands on
Paris climate change.
PM Modi’s stand on climate change has been applauded
by Germany, Spain and Russia. Besides, his bold economic reforms also have been
praised by the leaders of these countries.
climate change, PM Modi is also expected to emphasise on the burning issue of
India strongly supports resistance to all forms of protectionism and is fully
with Germany (which currently holds the G20 presidency) on measures to
liberalise trade in goods and services, as the media report goes quoting a
person familiar with the matter, under anonymity.
protectionism impedes free trade and restricts choices to customers. When a
business is without competition, the consumer is without options, to put it
briefly the major disadvantage of trade protectionism.
Lux, head of G20 presidency team (global economy / framework for growth),
German federal ministry of finance, had earlier said that the failure to
incorporate the sentence – “We will resist all forms of protectionism.” – in
the March 17-18 meeting communique was a “major setback for us (Germany) and
With German chancellor Angela Merkel making African growth and development one
of the major G20 themes under her presidency, she can count on strong support
from the Indian PM.