Group is the main forum for international economic cooperation

The Group of Twenty (G20) is the main forum for international economic cooperation. It plays an important role in defining and strengthening global architecture and governance on all major international economic issues.

The G20 has annually rotating presidencies. Brasil will hold the G20 presidency from December 1, 2023, to November 30, 2024. Initially, the G20 focused mainly on general macroeconomic issues, but expanded its agenda to include topics such as trade, sustainable development, health, agriculture, energy, the environment, climate change and the fight against corruption.

The G20 Summit is the meeting between the Heads of State or Government of the member countries. The term "Summit" originates from its English definition ("Summit") and refers to the highest point of a mountain. The Summit is, therefore, the culmination of more than a hundred G20 meetings over the course of a year.

The G20 is made up of 19 countries (Argentina, Australia, Brasil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Saudi Arabia, South Africa, Russia, Türkiye, UK and USA) and two regional bodies: the African Union and the European Union. The members of the G20 represent around 85% of the world's GDP, more than 75% of world trade and around two-thirds of the world's population.