- Saudi Arabia will chair the G20 Summit for a year, which is scheduled to be held in Riyadh next year (2020).
King Salman bin Abdul-Aziz, praised Saudi Arabia‘s presidency of the G20 Summit, considering it a proof of its key role in the global economy.
Intensive meetings by Minister of Foreign Affairs
For his part, Minister of Foreign Affairs Prince Faisal bin Farhan continued his intensive activities on the sidelines of his presidency of the Saudi delegation at the G20 meeting of foreign ministers, currently held in the Japanese city of Nagoya.
Prince Faisal bin Farhan met with his Dutch counterpart, Steve Block, according to the Foreign Ministry’s Twitter account. He also met with EU High Representative for Foreign Affairs and Security, Federica Mogherini.
A statement issued by the Japanese Foreign Ministry said Foreign Minister Toshimitsu Motegi told Prince Faisal that he was happy to meet him for the first time and that both sides wanted to strengthen relations.
Motegi praised the Saudi effort to consolidate stability in southern Yemen, especially after the Riyadh agreement.
Crown Prince’s speech at conclusion of Osaka Summit
Crown Prince Mohammed bin Salman, during his speech at the conclusion of the G20 summit held last June in Osaka, Japan, said that the Kingdom will work along with this group to resolve the world’s crises.
In his speech, the Crown Prince stressed the need to involve women and youth, pointing out that they are central pillars to global development, noting the pressing need to strengthen international cooperation and coordination, given the complex challenges facing the world today.
Prince Mohammed bin Salman said that effectiveness depends on the ability to promote international consensus by consolidating the principle of broad dialogue and based on the international system based on common principles and interests, pointing out that strengthening confidence in the multilateral trading system depends essentially on WTO reform Global and work under its umbrella.
Addressing the digital economy’s problems
The Crown Prince confirmed that it is necessary to address the tax issues of the digital economy, stressing the importance of seeking and working together to reach consensus solutions on them in 2020 to avoid protectionist measures.
The Crown Prince stated that Saudi Arabia will assume the presidency of the G20 Summit in December this year, affirming its determination to continue working to achieve the desired progress in the Group agenda, and cooperate with all Member States, especially Troika members Japan and Italy, to discuss the pressing issues of the 21st century, promote innovation and preserve land and human well-being.
At the end of the speech, the Crown Prince welcomed the leaders of the G20 member countries, and expressed his hope to host them next year in Riyadh.