LIVE: Saudi Arabia's crown prince arrives at G20 summit in Argentina.
BUENOS AIRES: Leaders from the world's leading economies are gathering for the G20 summit in the Argentinian capital to discuss development, infrastructure and investment.
As the international forum officially kicks off on Friday, those themes seem like afterthoughts, overshadowed by contentious matters from the US-China trade dispute to the conflict over Ukraine.
Also expected to loom are tensions between longtime allies the United States and Europe.
The US, Canada and Mexico also are supposed to sign a trade deal replacing the North American Free Trade Agreement that was struck following months of tough negotiations that analysts say left a bitter taste among the partners.
Saudi Crown Prince Mohammed bin Salman held talks with a number world leaders on the sidelines of the Group of 20 summit.
The crown prince spoke with French President Emmanuel Macron and others at the summit venue on Friday in Buenos Aires.
#SaudiArabia 's Crown Prince Mohammed bin Salman meets with world leaders at the #G20Summit2018 in #BuenosAires #Argentina #G20Argentina , including France's president Emmanuel #Macron https://t.co/ydwm98Uy96 pic.twitter.com/719RQ8tnOn
-- Arab News (@arabnews) November 30, 2018
READ MORE: For an alternative guide to the meeting in Buenos Aires, click on Frank Kane's G20 diary . Today he discusses the obligatory taxi driver story, the state of Argentina's economy and some of the fine venues where world leaders will conduct their business.
Saudi Arabia's Crown Prince Mohammed bin Salman arrived at the G20 summit in the Argentinan capital, Buenos Aires.
Russian President Vladimir Putin on Friday denounced the "vicious" use of sanctions and trade protectionism, in a veiled swipe at Donald Trump at the G20 summit.
"One cannot help but see a dishonest competition increasingly taking the place of honest dialogue based on equality among states," Putin told leaders of emerging economies as the summit opened in Buenos Aires.
"A vicious practice of returning to illegal, unilateral sanctions and protectionist measures is spreading, going around the UN Charter, the rules of the WTO and internationally recognized legal norms," Putin said.
Putin said that the result was "an extremely negative effect on the spirit of international cooperation," discouraging business.
British Prime Minister Theresa May will hold a bilateral meeting with Saudi Arabia's Crown Prince Mohammed bin Salman at the G20 summit in Argentina, her spokesman confirmed on Friday.
The meeting will take place at 20:00 GMT.
Read More: UK PM May to hold bilateral meeting with Saudi crown prince
The leaders of the United States, Mexico and Canada on Friday signed a huge regional trade deal to replace the old NAFTA, denounced by President Donald Trump as a killer of US jobs.
"This is a model agreement that changes the trade landscape forever," Trump said at the signing ceremony in Buenos Aires, on the sidelines of the G20 leaders' summit.
But he insisted that the US-Mexico-Canada Agreement, or USMCA, was an "incredible milestone" that would aid US workers, especially in the auto industry, while putting in place "intellectual property protection that will be the envy of nations all around the world."
Canadian Prime Minister Justin Trudeau was less effusive about the renegotiated pact, but said the USMCA would resolve the threat of "serious economic uncertainty" that "would have gotten more damaging."
Mexican President Pena Nieto, on his last day in office, called the revamped version of NAFTA important in shoring up "the view of an integrated North America with the firm belief that together we are stronger and more competitive."
Read More: Trump joins leaders of Canada, Mexico to sign new trade pact
Saudi Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Modi met in Argentina and discussed cooperation between the two countries in security, energy and investments, the Saudi Press Agency (SPA) said on Friday.
Had a fruitful interaction with Crown Prince Mohammed bin Salman Al Saud. We discussed multiple aspects of India-Saudi Arabia relations and ways to further boost economic, cultural and energy ties. pic.twitter.com/KYeIiG2FET
-- Narendra Modi (@narendramodi) November 29, 2018
The two leaders, who are attending the G20 Summit in Buenos Aires, also discussed Saudi Arabia's readiness to supply India with all its needs of oil and petroleum products and Saudi oil giant Aramco's investments in the fields of oil refining and oil storage in India, SPA said.
Read More: Saudi crown prince and Indian PM meet in Buenos Aires
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|Publication:||Arab News (Jeddah, Saudi Arabia)|
|Date:||Nov 30, 2018|
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