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G20 Osaka | Speech of the Crown Prince Mohammed bin Salman (1)

Osaka, June 29, 2019, SPA -- On behalf of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince, Deputy Prime Minister and Minister of Defense delivered a speech at the closing session of the 14th G20 Summit hosted in Osaka, Japan on June 28-29. At the beginning of his speech, HRH the Crown Prince thanked the Prime Minister of Japan, Shinzo Abe, for his country's hospitality in hosting the Summit, congratulating him on his successful management and on the outstanding results achieved by the Summit. HRH the Crown Prince praised the G20 work program during the Japanese presidency this year, which focused on building a human-centered economic future and facing the demographic and technical challenges. He stressed that the Kingdom will continue its support for the Japanese presidency to implement the work program during the rest of the year. HRH the Crown Prince explained that the need to enhance international cooperation and coordination is more pressing than ever before, considering the complex and interrelated challenges facing our world today. His Royal Highness added that effectiveness in achieving this depends on the ability to strengthen international consensus by establishing the principle of expanded dialogue, and building on the international system based on common principles and interests. HRH the Crown Prince pointed out that enhancing confidence in the multilateral trading system depends fundamentally on reforming the Word Trade Organization (WTO) and working under its umbrella. HRH the Crown Prince also stressed on the necessity to address the tax issues of the digital economy, emphasizing the importance of seeking and working together to reach consensus solutions with this regard in 2020 to avoid protectionist measures. HRH the Crown Prince said that the Kingdom will assume the chairmanship of the G20 in December 2019, and he stressed that it is determined to continue working towards achieving progress on the group’s agenda and to work with all Member States, especially Troika members Japan and Italy to discuss the pressing issues of the 21st century, promote innovation and preserve land and human well-being.

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