Published by Global Banking and Finance Review
Posted on February 20, 2025
By Tim Cocks
JOHANNESBURG (Reuters) - Foreign ministers from the G20 top economies were to meet in South Africa on Thursday and Friday, amid tensions between members over the Ukraine war, trade disputes and with the top U.S. diplomat staying away owing to a feud with the hosts.
The G20 countries, which represent some 85% of global GDP and three quarters of trade, often struggle to see eye to eye, but geopolitical rifts since Russia's 2022 Ukraine invasion have rendered it more fractious than ever.
The discord has increased since President Donald Trump took office a month ago and implemented rapid changes in Washington's trade and foreign policies.
South Africa holds the rotating presidency of the group and for President Cyril Ramaphosa the first G20 meeting in Africa was an opportunity to get rich nations to heed poorer countries' concerns - worsening inequality, inadequate action on climate change, and a financial system that favours investment banks over poor sovereign debtors.
But the United States won't be attending: Secretary of State Marco Rubio earlier this month rejected as "very bad" the previously agreed agenda of "diversity, equity and inclusion".
Then Trump cut U.S. aid to South Africa in an ideological dispute with the latter's efforts to redress historic racial injustices in land ownership - and over its genocide case against U.S. ally Israel at the International Court of Justice.
The gathering takes place as Trump has upended the U.S. policy of solidarity with Ukraine as he seeks to broker peace in its war with Russia. He has blamed President Volodymyr Zelenskiy for the conflict, and sidelined NATO allies in ending a campaign to isolate Russia.
The U.S. absence is an opportunity for China, which has the world's second biggest economy, to expand its influence. Such efforts by Beijing are normally focused on the Global South but China has quickly sought to capitalise on the cracks in the transatlantic alliance.
Its foreign ministry said on Monday that "healthy and stable" China-EU relations are needed now more than ever.
(Reporting by Tim Cocks; Additional reporting by Nellie Peyton, Tannur Anders in Johannesburg; Editing by Frances Kerry)
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