Canada, SKorea to host G20 Summits next year | business | Hindustan Times
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Canada, SKorea to host G20 Summits next year

Leaders of G-20 countries will meet again next year in Canada and then in South Korea to deliberate on the global economic crisis, Canadian Prime Minister Stephen Harper said on Friday.

business Updated: Sep 26, 2009 01:33 IST

Leaders of G-20 countries will meet again next year in Canada and then in South Korea to deliberate on the global economic crisis, Canadian Prime Minister Stephen Harper said on Friday.

Harper and South Korean President Lee Myung-bak told a joint press conference that Canada will host a G20 summit in June next year alongside th G-8 meeting planned for June 25 to 27, which will mainly focus on security and non-economic issues.

Officials did not say exactly where the larger summit would be held, but said Canada and Korea would co-chair the meeting.

"We are in the midst of witnessing an important transformation in international architecture," Harper said.

"Really going forward from now...We will view the G20 summit as the world's premier economic summit," he said.

The G-20 summit in Canada will focus on mainly economic issues, and will officially crown the group as the most powerful economic decision-making body in the world.

South Korea will host a second G20 summit later next year. The G20 rotates its presidency and 2010 is Korea's turn. It has been lobbying hard to persuade leaders to hold a summit in Seoul, Canadian media reported.