Russia will discuss at the G20 trade and the digital economy

© RIA Novosti / Ramil to Setdiscoverable in photosangelina Lucas. Archival photoRussia will discuss at the G20 trade and the digital economy© RIA Novosti / Ramil to Setdiscoverable the image Bank

Russia intends to discuss at the G20 summit in Buenos Aires the development of the digital economy and international trade, it is expected that Russian President Vladimir Putin will announce his proposals on these topics; in General, the leaders of the countries-participants of Association will discuss current challenges in world trade, digital economy development and climate change, told reporters at a briefing Russian Sherpa G20 Svetlana Lukash.

The summit of «Big twenty» will be held in Argentina from 30 November to 1 December.

«Russia is going with the intention, primarily, to discuss two key themes – the development of the digital economy and the situation in international trade. Of course, we have proposals that the President will announce at the summit,» — said Lukash.

According to her, today there is already a draft final Declaration of the summit, it is still under discussion and not agreed upon. The agreement will begin next Monday in Buenos Aires, said Lucas.

«The first session will be devoted to the state of the global economy and more what is called the future of work — how will change the approaches to systems of employment, education, professional skills related to digital transformation. Here also will be discussed the effects, both positive and negative, provided by the digital economy related to inequality, with a release or threat of release of people in the absence of the necessary skills,» said Sherpa.

She noted that the leaders will speak about how to adapt education system to new realities.

The summit will cover issues of gender equality, as this theme runs through the core of the agenda of the Argentine presidency, said Lucas.

Following the meeting, she said, will focus on key issues of the «twenty» — macroeconomic policy coordination and financial regulation, the implementation of reforms in tax and trade issues. According to Lucas, these themes are combined into one meeting, as presented the main risks that threaten future economic growth. Among these key risks are highlighted as the different impact of macroeconomic policies in developed countries, and the unclear political developments in some countries, for example, associated with the UK out of the EU. «Of course, the escalation of trade disputes between countries only exacerbates the negative predictions,» she said.

Lukasz said that if the situation will develop in the negative scenario, the experts predict a decrease in the forecast of global GDP growth in next two years from the existing 3.7 per cent.

The risks Sherpa also noted the rising volatility in the energy markets.

As said Lucas, 1 December there will be a third meeting. It is dedicated to sustainable development and climate change. «There are also urgent issues related to further international efforts in the field of climate change and the implementation of the Paris agreement,» she said.

The fourth session will focus on infrastructure, energy and food security, said Lucas.

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