Preparing for G20 summit is like "herding cats", says Angela Merkel

Germany will host leaders at the G20 summit in Hamburg from July 7 to July 8

Angela Merkel, Germany
German Chancellor Angela Merkel delivers a speech at the Business 20 dialogue event in Berlin, Germany on May 3. (Photo: Reuters)
Reuters Berlin
Last Updated : May 03 2017 | 7:13 PM IST
Preparing a meeting of the Group of 20 economic powers is like "herding cats", German Chancellor Angela Merkel said on Wednesday as her officials try to reach consensus among the group ahead of a leaders' summit she will host in July.

The G20 was a crucial forum for tackling the global financial crisis that took hold in 2008, but forging consensus has proven harder this year as the group must deal with a shift towards more protectionism under US President Donald Trump.

"We are 20 different countries, with 20 different political systems, with 20 different development levels. Everything must be unanimously approved," said Merkel, who will host world leaders at the July 7-8 G20 summit in Hamburg.

"This is no simple task," she told a G20-sponsored meeting of business leaders in Berlin. "The sherpa process, as you could imagine, is quite a challenge. It is like herding cats."

The Hamburg G20 summit is taking on increased significance as Trump and Russian President Vladimir Putin plan to hold their first face-to-face meeting on the sidelines of the meeting.

Ministerial meetings in the build-up to the summit have proven tricky.

At a meeting in March, G20 finance ministers and central bank governors dropped a pledge to keep global trade free and open, acquiescing to a protectionist United States after a two-day meeting failed to yield a compromise.

Merkel rejected protectionism in her speech on Wednesday, arguing that an increasingly interconnected world meant countries must work more closely together.

"The existence of the G20 means that isolation and protectionism are dead-ends and not ways forward," she said.

"Anyone who tries to withdraw from international competition, can perhaps deliver short-term advantages. But over the medium- and long-term, their own capacity to innovate will be weakened."

Trump campaigned for the US presidency on an "America First" platform. His protectionist rhetoric and disputes about the benefits of free trade are likely to rank high on the agenda of the G20 summit in Hamburg.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 03 2017 | 7:12 PM IST

Next Story