All eyes were on Hamburg at the G20 Summit on July 7-8, when the G20 Leaders fought hard to agree on a joint Declaration – and succeeded. The weeks before the G20 summit had made clear: the negotiations between the heads of state and government in Hamburg would not be easy. From efforts to increase financial resilience, to combatting terrorism and tackling transnational health issues – global problems require global solutions. However, forging constructive compromise has become more difficult in the G20.
We reviewed the official G20 documents – from the Leaders’ Declaration to the Hamburg Action Plan – and came to a first assessment. The compromises that were forged reflect that international cooperation is indispensable in an increasingly volatile global political and economic environment. Given the difficult negotiation climate, the Hamburg Leaders’ Declaration should be viewed at least as a partial success.
Read our full report here.