Egypt urges effective G20 role to face global economic conditions

MENA , Sunday 11 Dec 2022

Egypt has pressed for an effective and a constructive role by the Group of Twenty (G20) in light of the “very complicated” global economic conditions, according to a statement issued by the Ministry of Foreign Affairs on Sunday.

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Ragi El-Etreby, the representative of the Egyptian president to the G20, said Cairo intends to closely cooperate with the Indian presidency of the Group concerning files of mutual priority.

He said these files include enhancing global food security and supporting international financing institutions to better face successive crises.

El-Etreby was speaking during the first meeting of representatives of heads of state and government in the Indian city of Udaipur on 5-6 December.  

The representatives gathered to outline a roadmap for G20 meetings during the Indian presidency of the Group.

India had invited Egypt to participate as a guest country in the G20 meetings that will be held during the Indian yearlong presidency of the intergovernmental forum starting this December.

The Egyptian foreign ministry said that reforming the World Trade Organization (WTO) is yet another issue of mutual priority.

Other files of mutual priority include implementing the sustainable development goals, establishing a green hydrogen research centre, outlining recommendations for a just energy transition, and reaching a framework for the integration of developing economies into global value chains.

Egypt has also expressed its intent to work with the G20 to achieve the outcomes of the Sharm El-Sheikh international climate summit (COP27), the statement added.

 

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