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API-Africa

The rise of right-wing nationalist movements across Europe, US President Donald Trump’s sustained anti-free trade rhetoric and the Brexit pose an existential threat to globalization.

As the Group of Twenty (G20), which concluded its 14th Summit in Japan on June 29, 2019, is wellequipped to save globalization. A bilateral meeting on the margins of G20 summit between Chinese and US leaders has rekindled hope renewed talks to end trade wars. But the G20 has to look beyond its membership, recognize Africa’s great potential and afford it a greater role in its agenda in the efforts to revamp and reform globalization.

Undoubtedly, the Fourteenth Summit of the Group of Twenty (G20) in Osaka, Japan on June 28–29, 2019 that ended yesterday is perhaps the “most high-stakes summit” in recent decades. Unfolding against the backdrop of the tit-fortat US-China trade wars, the summit signals a deepening crisis of globalization. Expectedly, the meeting between President Donald Trump and his Chinese Counterpart Xi Jinping on the

sidelines of the summit on June 29 was awaited with bated breath. Trump’s reported statement that America “Won’t be raising tariffs for time being” has rekindled hope for the revival of trade talks that collapsed in early May 2019 after the United States accused China of reneging on its pledges.

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