The 2017 G20 Hamburg summit was the twelfth meeting of the Group of Twenty (G20), which was held on 7–8 July 2017, at Hamburg Messe, in the city of Hamburg, Germany.
Agenda
Apart from the recurring themes relating to global economic growth, international trade, and financial market regulation, the G20 Hamburg summit was expected to focus on the following "issues of global significance": Migration, digitisation, occupation, health, Women's Economic Empowerment and development aid.
On 7 July terrorism, free trade and the United States' withdrawal from the Paris Agreement were on the agenda, on 8 July Africa was supposed to be a topic.
Results
The 30-page summary paper stayed vague in many sections. The communique of the 20 participants itself was seen as a success. The resolutions are not legally binding. Many additional documents were agreed upon, barely noticed by the public.(Annex in Weblink-PDF)
Wolfgang Schäuble, German Federal Minister of Finance, insisted on the interconnected nature of many issues facing G20 nations and the need to reach effective, cross-cutting policy measures: "Globalization has lifted hundreds of millions out of poverty, but there is also a growing rise in frustration in some quarters […] development, [national] security and migration are all interlinked"
Trade
The disagreement in steel production and trade remained. Donald Trump accused steel producers in China and Europe of dumping and threatened them with antidumping duty. The G20 demanded a report of overcapacities by November 2017.
Sustainable development
There was no consensus with the USA regarding climate protection: a dissent with communalities in the deployment of renewable energy was formulated. The other 19 participants agreed to stick with the Paris agreement, to view it as irreversible and to swiftly put it into practice. After the summit finished, the Turkish president, Erdoğan said his country would not ratify the Paris agreement; Turkey was no industrialized nation but a developing country like other neighboring countries of the region and that François Hollande as then President had assured international assistance funds. President Macron has now invited members for further negotiations at another climate summit in Paris on 12 December. In spite of the United States' dissent, the German presidency wanted to make the most of the "renewed public policy interest for environmental sustainability, gender equity and social inclusiveness, in the spirit of the UN's Sustainable Development Goals (SDGs)" – notably by promoting renewable energy and further fossil fuel divestment in all nations.
More inclusive growth
The G20 final communique placed a new emphasis on the need for trade deals to be reciprocal and non-discriminatory towards developing countries, reducing the previous emphasis on the primacy of liberalization and the promotion of free market economics across the board.
Indian-Norwegian cooperation
India's Prime Minister Narendra Modi invited Norwegian pension funds to invest in his country's National Infrastructure Investment platform as he met Norway's Prime Minister Erna Solberg, who, in a gesture symbolising renewed cooperation towards the attainment of the Sustainable Development Goals, offered him a round leather football embroidered with the initials 'SDGs'
Women's Economic Empowerment
The World Bank Group and the White House, represented by First Daughter Ivanka Trump, confirmed they would soon roll out a new fund that aims to help female entrepreneurs access capital, financing and managerial support in the developing world. World Bank Group President Jim Yong Kim said the Women Entrepreneurs Finance Initiative fund had so far raised $325 million from various governments, and that he hoped to leverage that into a multibillion-dollar investment framework. President Trump lent his personal support by pledging $50 million from the United States to jump-start the fund: "by investing in women around the world, we're investing in families, we're investing in prosperity and we're investing in peace".
Moroccan businesswoman Miriem Bensalah-Chaqroun was invited by Jim Yong Kim to help launch the Women's Entrepreneur Finance Initiative.