President Enrique Peña Nieto announced Friday that he will travel to China participate in the 11th G20 Summit, which will take place in the city of Hangzhou on Sept. 4 and 5.
G20 brings together the leaders of the 20 countries with the largest economies. In attending G20, the most important economic forum, Mexico will participate in the decision-making process of the global economic governing system and can promote its economic interests on the world stage.
The countries that are part of the G20 represent 86 percent of the global economy, 77 percent of international commerce and 64 percent of global population.
Mexico’s seven most important trade partners are also members of G20— the United States, China, Canada, Japan, Germany, South Korea, and Brazil.
Mexico has five central objectives for its participation at Summit: to promote the use of structural reforms as a tool to increase production, to promote global trade, to facilitate investment in high quality infrastructure, to promote financial inclusion, and to promote collective effort towards the implementation of 2030 Sustainable Development Goals.
The presidency of the G20, and the host country, rotates annually; in 2016, China holds the presidency. In 2015, Turkey took the lead and in 2017 Germany will be the host country.
This year the theme of the Summit is “Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy.”