Foreign Minister Prince Faisal Bin Farhan Addresses G20 Leaders' Summit On Economic Growth And Cooperation

Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah represented His Royal Highness Prince Mohammed bin Salman at the G20 Leaders' Summit in Johannesburg, South Africa. The summit focused on "Inclusive and Sustainable Economic Growth Leaving No One Behind." During the opening session, he conveyed greetings from the Custodian of the Two Holy Mosques and HRH the Crown Prince, wishing success for South Africa's first-time presidency of the G20 meetings on African soil.

The minister expressed Saudi Arabia's commitment to enhancing economic cooperation and sustainable development globally. He highlighted the Kingdom's support for reforming the World Trade Organization to establish a fair and transparent multilateral trading system. This system aims to enable countries to effectively participate in the global economy, with international trade being crucial for inclusive development and economic stability.

Saudi Vision 2030 was also discussed, focusing on responsible investment, sustainable industrialization, and efficient resource use. These efforts aim to support development and align with global initiatives like the Sustainable Development Goals. The minister emphasized addressing challenges such as food security, energy, climate change, digital transformation, and reducing illicit financial flows through international cooperation.

The minister stressed that global challenges require genuine international solidarity and multilateral cooperation. He called for aligning G20 initiatives with Sustainable Development Goals to foster a more inclusive and sustainable global economy. The session was attended by Minister of Finance Mohammed Aljadaan and Vice Minister of Finance Abdulmuhsen Alkhalaf.

The Kingdom's efforts are part of a broader strategy to promote responsible investment and sustainable practices. These initiatives are designed to support development while ensuring efficient resource use. By aligning with global goals, Saudi Arabia aims to contribute positively to international economic stability.

In his speech, the minister reiterated that international trade is a fundamental pillar for achieving inclusive development. He urged member states to strengthen economic cooperation through shared responsibility. This approach is essential for addressing pressing issues like food security and climate change.

The summit provided an opportunity for Saudi Arabia to showcase its commitment to global economic growth. By supporting reforms in international trade systems, the Kingdom aims to create a more equitable environment for all nations. This aligns with its vision of promoting sustainable industrialization worldwide.

The minister concluded by emphasizing that overcoming global challenges requires collective action beyond borders. Genuine cooperation among nations is necessary to build a more inclusive world economy. This message resonated throughout the summit as leaders discussed strategies for sustainable growth.

With inputs from SPA