African Union granted permanent membership to the G20

During the G20 summit held in New Delhi, Indian Prime Minister Narendra Modi announced a historic development – the African Union (AU) has been granted permanent membership in the G20. This marks a significant diplomatic achievement for the AU, an organization representing 55 member states from across the African continent. Previously, the AU held the status of an “invited international organization” within the G20 framework. With this change, the AU now shares the same standing as the European Union (EU), which is the only regional bloc with full membership in the G20.

Prime Minister Modi took the opportunity during his opening remarks at the summit to invite the AU, represented by Chairperson Azali Assoumani, to take a permanent seat at the table of G20 leaders. This move is seen as a significant step toward recognizing Africa’s increasing importance in global economic and political affairs.

The decision to include the African Union as a permanent member in the G20 is not only symbolic but also carries practical implications. It strengthens the representation of the Global South within the G20, which is a group composed of the world’s wealthiest and most influential countries. This development is expected to provide the AU with a more prominent platform to address key global issues and advocate for its interests on the international stage.

Prime Minister Modi’s proposal to grant permanent G20 membership to the African Union was initially made in June and was met with anticipation and support from many quarters. It reflects the growing recognition of Africa’s economic potential, demographic significance, and role in shaping the future of global governance.

In addition to the AU’s permanent membership, the G20 summit agenda covered a range of other critical topics. These included discussions on increasing financial support to developing nations through multilateral institutions, reforms in the international debt architecture, regulations concerning cryptocurrencies, and the impact of geopolitical dynamics on global food and energy security.

While the geopolitical situation, particularly the conflict in Ukraine, remains a divisive issue among G20 members, the draft declaration circulated among participating nations indicated broad consensus on many other matters. The G20 originally consisted of 19 countries and the European Union, collectively representing approximately 85% of global GDP, more than 75% of global trade, and around two-thirds of the world’s population. The addition of the African Union as a permanent member further solidifies the G20’s role as a key forum for addressing global challenges and fostering international cooperation.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

EU tightens steel import rules to counter Trump’s trade policies

The European Union is set to tighten steel import quotas by 15% from April 1, aiming to prevent an influx of cheap steel into the European market following the U.S. steel tariffs imposed by President Donald Trump. This move comes amid fears that steel originally bound for the U.S. could be diverted to Europe, threatening the viability of European steelmakers already grappling with high energy costs and fierce competition from Asia.

European Commission Executive Vice-President Stephane Sejourne emphasized that the EU must protect its industry, stating that during a period when nobody is respecting WTO rules and everyone refers to national security, the EU cannot be the only continent that lets its industry fall apart. The U.S. market has become less attractive for global steel exporters due to the 25% tariff imposed by the Trump administration.

All eyes on rare earths after China’s export curbs on gallium, germanium, graphite

China is imposing export restrictions on certain natural and synthetic graphite products, effective December 1, 2023, as part of its strategy to secure critical minerals and protect national security. These restrictions come in the wake of similar export curbs on gallium and germanium…

China unveils new clean energy fund guidelines to boost green economy

China’s new guidelines for managing special clean energy funds mark a significant step in solidifying its transition towards a greener economy. Published by the finance ministry, these rules will govern the allocation of funds for renewable energy and the clean utilization of fossil fuels from 2025 to 2029, with the potential for an extension beyond this period. The move underscores Beijing’s commitment to sustaining its clean energy momentum, which played a critical role in China’s economic expansion in 2024.

For the first time, clean energy contributed over 10% of China’s GDP in 2024, with total sales and investments in the sector reaching 13.6 trillion yuan ($1.9 trillion). This growth was driven by investments in solar, electric vehicles (EVs), and batteries—industries now collectively referred to as the “new three.” These sectors have overtaken real estate in economic contribution, further highlighting China’s strategic pivot away from its traditional property-driven growth model.

Stay informed

error: Content is protected !!