2 days ago
G20 Finance Meetings Focus on Growth and Fair Trade
The G20 finance meetings will take place in Asheville, North Carolina.
Countries will talk about ways to help their economies grow.
They will discuss making trade fair and improving cooperation between countries.
Officials will also look at problems in supply chains, which are the systems that bring products to people.
New technologies such as artificial intelligence and biotechnology will be discussed too.
The countries want to cooperate while protecting against technology-related security risks.
They will also talk about financial literacy, or understanding money better.
The meeting is expected to bring about $20 million to Asheville and is part of the United States’ G20 presidency.
G20 finance meetings in Asheville will focus on economic growth, fair trade, resilient supply chains and investment.
Assistant Secretary Chris Pilkerton said discussions will examine how international cooperation can benefit businesses, workers and communities.
The United States wants trade partnerships to operate fairly and address longstanding trade imbalances.
Officials will discuss supply-chain gaps, technological innovation and cooperation involving artificial intelligence, quantum technology and other advanced fields.
The meetings are expected to generate about $20 million in economic development for Asheville, which is recovering from a hurricane.
- Who
- Finance ministers, central bank officials and representatives of G20 members, including United States Treasury officials.
- What
- A series of G20 finance meetings focused on growth, trade, investment, supply chains, technology and financial literacy.
- Where
- Asheville, North Carolina, United States.
- When
- During the United States’ G20 presidency, before later ministerial and leaders-level engagements.
- Why
- To strengthen international economic cooperation, support growth, address trade imbalances and supply-chain gaps, and discuss shared economic and technology issues.
Key facts
- Host country
- United States
- Meeting location
- Asheville, North Carolina
- Main topics
- Economic growth, fair trade, resilient supply chains and investment
- Expected local benefit
- About $20 million in economic development for Asheville
- Technology areas
- Artificial intelligence, quantum technology, hypersonics, biotechnology and the space economy
- Additional issue
- Financial literacy
- G20 sequence
- The United States assumed the presidency after South Africa
Quotes
Chris Pilkerton
Assistant Secretary for Treasury
“We want to ensure that those trade partnerships are working and are working effectively and are fair and that they're free trade that we can do well together, and really deal with some of the trade imbalances that have occurred over, you know, the last many years.”
thehansindia.com
“What we're also bringing to Asheville are important conversations, not just about trade and the opportunity to work together with our partners and allies, but also the opportunity to have foreign direct investment into the United States.”
thehansindia.com
Sources
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