2011 G20 Cannes summit
{{Short description|Sixth meeting of the G20 heads of government}}
{{broader|G20}}
{{Infobox summit
| summit_name = G20 Summit on Financial Markets and the World Economy
Sommet du G20 2011
| other_titles =6th G20 summit
| image =
| caption =
| country = {{flag|France}}
| venues = Palais des Festivals
| participants = G20
Invited Guests: Ethiopia, Singapore, Spain, United Arab Emirates, Equatorial Guinea
Invited Organizations: AU, NEPAD, CCASG
| follows = 5th
| precedes = 7th
| date = 3–4 November 2011
| website =
|motto=Building our Common Future: Renewed Collective Action for the Benefit of All|logo=G20 FRANCE 2011 EN logo.jpg|compactnav=yes|cities=Cannes|chairperson=Nicolas Sarkozy}}
The 2011 G20 Cannes Summit was the sixth meeting of the G20 heads of government/heads of state, held in Cannes, France, in a series of on-going discussions about financial markets and the world economy.[http://english.chosun.com/site/data/html_dir/2010/11/13/2010111300390.html "Legacies of the G20 Seoul Summit,"] {{webarchive|url=https://web.archive.org/web/20101114170610/http://english.chosun.com/site/data/html_dir/2010/11/13/2010111300390.html |date=2010-11-14 }} Choson Ilbo (ROK). 13 November 2010; retrieved 13 February 2011
The G20 forum is the avenue for the G20 economies to discuss, plan and monitor international economic
agreed to have a G-20 Summit in Canada in June 2010, and in Korea in November 2010. We expect to meet annually thereafter, and will meet in France in 2011. While the summit achieved little progress on resolving the Eurozone crisis and providing concrete measures to addressing global financial imbalances,{{cite web |url=http://www.setimes.com/cocoon/setimes/xhtml/en_GB/features/setimes/features/2011/11/05/feature-02 |title = G20 summit ends with little progress (SETimes.com) |accessdate=2011-11-05 |url-status=live |archiveurl=https://web.archive.org/web/20111105184631/http://setimes.com/cocoon/setimes/xhtml/en_GB/features/setimes/features/2011/11/05/feature-02 |archivedate=2011-11-05 }}{{cite news
|url = https://www.theguardian.com/commentisfree/cifamerica/2011/nov/29/imf-must-heed-g20-decisions?fb=optOut
|title = The IMF must heed G20 decisions
|publisher = The Guardian
|author = Kevin Gallagher
|date = 2010-11-29
|accessdate = 2011-12-15
|location = London
|url-status = live
|archiveurl = https://web.archive.org/web/20140204024325/http://www.theguardian.com/commentisfree/cifamerica/2011/nov/29/imf-must-heed-g20-decisions?fb=optOut
|archivedate = 2014-02-04
}}
it did produce some tangible results, including the adoption of the Cannes Action Plan for Growth and Jobs, the launch of the Agricultural Market Information System (AMIS) and the endorsement of an Action Plan on Food Price Volatility and Agriculture.
Priorities
France put agriculture and food security at the heart of the G20 priorities.{{cite web|title=The Cannes Summit: What Outcomes?|url=http://www.g20.utoronto.ca/2011/2011-g20-france-outcomes.html|publisher=French Presidency of the G20|accessdate=6 June 2014|url-status=live|archiveurl=https://web.archive.org/web/20140606223243/http://www.g20.utoronto.ca/2011/2011-g20-france-outcomes.html|archivedate=6 June 2014}} Around this broad theme, it divided the priorities of the Summit into six areas:
- Reform the International Monetary System.
- Strengthen financial regulation, especially in non-banking financial institutions as well as regulation concerning financial market integrity and transparency.
- Reduce excessive commodity price volatility and enhance food security.
- Support employment and strengthen the social dimension of globalization.
- Fight corruption, for example by ensuring that the Anti-Corruption Action Plan adopted in the 2010 G20 Seoul summit will produce concrete results and real progress starting in 2011.
- Support infrastructure development and enhance food security in the most vulnerable countries.
Outcomes
The Summit took place in the aftermath of the 2008 financial crisis and in the midst of the evolving Euro area crisis. Against this background, the outcomes of the Summit can be considered as insufficient in providing clear solutions for restoring and strengthening the global economy.
However, the Summit did result in a number of initiatives, most notably in the area of agriculture and food security. Especially the launch of the Agricultural Market Information System (AMIS) and the endorsement of an Action Plan on Food Price Volatility and Agriculture are tangible steps to addressing the world agriculture and food challenge. The G20 Summit also tasked the GEO Global Agricultural Monitoring (GEOGLAM) initiative to produce and disseminate improved forecasts of agricultural production through the use of earth observations.
Attendance
File:G20 - Cumbre de Cannes - 20111103.jpg
File:G20 Cannes 2011.jpg welcomes Barack Obama to the G20 meeting in Cannes, France, on 3 November.]]
Attendance at the Cannes summit included leaders and representatives of the core members of the G20,{{Cite web|url=http://www.g20.utoronto.ca/2011/2011-cannes-participants.html|title=G20 Cannes Draft Program|website=www.g20.utoronto.ca|access-date=2019-11-04}} which comprises 19 countries and the European Union which is represented by its two governing bodies, the European Council and the European Commission.Rieffel, Lex. [http://www.brookings.edu/opinions/2009/0327_global_governance_rieffel.aspx "Regional Voices in Global Governance: Looking to 2010 (Part IV),"] {{webarchive|url=https://web.archive.org/web/20100603074840/http://www.brookings.edu/opinions/2009/0327_global_governance_rieffel.aspx |date=June 3, 2010 }} Brookings Institution (US). 27 March 2009, retrieved 2011-04-06; [http://canadainternational.gc.ca/g20/about-a_propos/members-membres.aspx?lang=eng&menu_id=13&menu=L "G20 members,"] {{webarchive|url=https://web.archive.org/web/20110813031703/http://canadainternational.gc.ca/g20/about-a_propos/members-membres.aspx?lang=eng&menu_id=13&menu=L |date=2011-08-13 }} Government of Canada, retrieved 2011-04-06. Representatives of other nations and regional organizations were also invited to take part in the summit.
Protests
At the summit protesters donned Robin Hood caps and demanded a tax on international financial transactions in order to provide aid to poor countries instead of catering to banking and other financial institutions.{{cite news |url=https://www.huffingtonpost.com/2011/11/02/g20-protests-2011_n_1071613.html?ref=world |title=G20 2011: Protests Ahead Of Summit In Cannes, France (PHOTOS) |publisher=Huffingtonpost.com |date=2008-11-15 |accessdate=2011-11-04 |first=Clare |last=Richardson |url-status=live |archiveurl=https://web.archive.org/web/20160201033613/http://www.huffingtonpost.com/2011/11/02/g20-protests-2011_n_1071613.html?ref=world |archivedate=2016-02-01 }} They also chanted slogans in opposition to "corporate greed" and supported a counter-G20 summit, "People First, Not Finance", organised by labour unions and NGOs such as Greenpeace and Oxfam. Though police reported 5,500 were part of the protests, the organisers estimated the number of protesters at 12,000. The riot police and helicopters limited the scope of the protests to a neighbourhood in the east of Nice, which was to host the alternative summit as well as the protests. Both Cannes and Nice also tightened security, with 12,000 police personnel being deployed.{{cite news |author=Angelique Chrisafis in Nice |url=https://www.theguardian.com/world/2011/nov/01/anti-g20-protests-confined-nice |title=Anti-G20 protests confined to Nice as police seal off 'fortress Cannes' | World news |publisher=The Guardian |date=1 November 2011 |accessdate=2011-11-04 |location=London |url-status=live |archiveurl=https://web.archive.org/web/20131001063916/http://www.theguardian.com/world/2011/nov/01/anti-g20-protests-confined-nice |archivedate=1 October 2013 }}
See also
References
{{Reflist|30em}}
External links
{{Commonscatinline}}
- [https://web.archive.org/web/20110131210441/http://www.g20-g8.com/g8-g20/g20/english/home.9.html Official website]
- [http://www.oecd.org/g20/ G20 website of the OECD]
- [http://www.g8.utoronto.ca/g20 G20 Information Centre]
- [http://www.parliament.uk/ImageVault/Images/storage_Edited/filename_Y1Lv-YZwOlkcVJm7eBHn.jpg/id_6214/ImageVaultHandler.aspx Graphic: G20 is not simply the 20 largest economies]
{{G-20 leaders' summits}}
{{Portal bar|Politics|France}}
{{DEFAULTSORT:G20 summit, 2011, Cannes}}
Category:2011 in international relations
Category:21st-century diplomatic conferences
Category:Diplomatic conferences in France