Important Points to know about 2015 G-20 Summit

    Important Points to know about 2015 G-20 Summit
    Important Points to know about 2015 G-20 Summit:
    Dear Readers, Important points that we have to know about 2015 G-20 Summit were given here, which will be more helpful for the candidates those who are preparing for the upcoming exams.

    1).The10th edition of the G-20 heads of government dubbed as2015 G-20 Antalya Summitwas held inTurkey

    2). Duration –15th to16th November 2015

    3). Venues –Antalya, Belek andSerikcities in Turkey

    4). Previous Summit – G-20Brisbane summit, 2014 in Australia

    5). Upcoming Summit – G-20Hangzhou summit, 2016 in China

    6).G-20 – established in1999to study, review and promote high level discussion on international financial stability

    7). G-20members – Argentina, Australia, Brazil, Canada, China, European Union, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, UK and US

    8). Nationsinvitedto Summit – Spain, Azerbaijan, Malaysia, Senegal, Singapore and Zimbabwe

    Important decisions taken in the Summit:

    9).G-20 developed –Base Erosion and Profit System project that urges the automatic exchange of tax-related information system by2018

    10). It was decided tolimit global temperature increase to2 degrees Celsius above current levels as mentioned in theLima Call for Action

    11).They have decided to achieve2% additionalGDPgrowth by2018

    12). Resolve to reduce theremittance charges for people to send money back home to5%

    13).They have urgedWorld Trade Organisation (WTO) to fully implement theBali Packagethat aims at lowering global trade barriers

    14).The summit also took note of India’s viewpoints on various issues including trade, labour, infrastructure and corruption

    15). Prime MinisterNarendra Modi had insisted to lower remittance charges and on the issue of tax evasion in the summit

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