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Dec 03, 2018 12:03 PM IST | Economy

G20 summit gathers the world's most powerful leaders

World leaders arrived on Thursday in Buenos Aires, Argentina's capital, for the Group of 20 (G20) summit. Issues such as the US-China trade war, the killing of Saudi journalist Khashoggi and the conflict over Ukraine threatened to overshadow the gathering.

The two-day summit which began on Friday focused on development, infrastructure and food security. However, those seemed largely an afterthought amid soured US-European relations and the three NAFTA countries — US, Mexico and Canada — hammering out the final language of a replacement for the North American Free Trade Agreement which was signed on Friday.

On the trade war, China and US agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks between US President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on January 1.

On the sidelines of the summit, Prime Minister Narendra Modi held meetings with his counterparts from US, China, Russia, Saudi Arabia among others, and engaged in talks regarding trade, agricultural exports, rising crude prices and investments.

Image Source: Associated Press(AP)/Reuters.

Saudi Arabia's Crown Prince Mohammed bin Salman shakes hands with Prime Minister Narendra Modi in Buenos Aires, Argentina November 29, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS
Saudi Arabia's Crown Prince Mohammed bin Salman shakes hands with Prime Minister Narendra Modi in Buenos Aires, Argentina November 29, 2018. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS
US President Donald Trump meets with Prime Minister Narendra Modi, right, and Japan's Prime Minister Shinzo Abe, Friday, November 30, 2018 in Buenos Aires, Argentina. (AP Photo/Pablo Martinez Monsivais)
US President Donald Trump meets with Prime Minister Narendra Modi, right, and Japan's Prime Minister Shinzo Abe, Friday, November 30, 2018 in Buenos Aires, Argentina. (AP Photo/Pablo Martinez Monsivais)
Argentina's first lady Juliana Awada, left, Argentina's President Mauircio Macri, second left, German Chancellor Angela Merkel, second right, and Prime Minister Narendra Modi, right, cheer during a cultural event at the Colon Theater in Buenos Aires, Argentina, Friday, November 30, 2018. (G20 Press Office via AP)
Argentina's first lady Juliana Awada, left, Argentina's President Mauircio Macri, second left, German Chancellor Angela Merkel, second right, and Prime Minister Narendra Modi, right, cheer during a cultural event at the Colon Theater in Buenos Aires, Argentina, Friday, November 30, 2018. (G20 Press Office via AP)
Chinese President Xi Jinping, center, Russian President Vladimir Putin, far left, and Prime Minister Narendra Modi, far right, hold what Chinese state media described as an informal meeting on the sidelines of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (Yao Dawei/Xinhua via AP)
Chinese President Xi Jinping, center, Russian President Vladimir Putin, far left, and Prime Minister Narendra Modi, far right, hold what Chinese state media described as an informal meeting on the sidelines of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (Yao Dawei/Xinhua via AP)
Chinese President Xi Jinping, right, shakes hands with Prime Minister Narendra Modi during a meeting on the sidelines of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (Li Xueren/Xinhua via AP)
Chinese President Xi Jinping, right, shakes hands with Prime Minister Narendra Modi during a meeting on the sidelines of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (Li Xueren/Xinhua via AP)
India's Prime Minister Narendra Modi, center, talks to yoga teacher Beatriz Goyoaga during a Yoga for Peace event at La Rural Convention Center in Buenos Aires, Argentina, Thursday, Nov. 29, 2018. Modi and other leaders from the Group of 20 industrialized nations will meet in Buenos Aires for two days starting Friday. (AP Photo/Gustavo Garello)
India's Prime Minister Narendra Modi, center, talks to yoga teacher Beatriz Goyoaga during a Yoga for Peace event at La Rural Convention Center in Buenos Aires, Argentina, Thursday, Nov. 29, 2018. Modi and other leaders from the Group of 20 industrialized nations will meet in Buenos Aires for two days starting Friday. (AP Photo/Gustavo Garello)
Prime Minister Narendra Modi joins hand as he arrives to a Yoga for Peace event at La Rural Convention Center in Buenos Aires, Argentina, Thursday, November 29, 2018. Modi and the other leaders from the Group of 20 industrialised nations met in Buenos Aires for two days. (AP Photo/Gustavo Garello)
Prime Minister Narendra Modi joins hand as he arrives to a Yoga for Peace event at La Rural Convention Center in Buenos Aires, Argentina, Thursday, November 29, 2018. Modi and the other leaders from the Group of 20 industrialised nations met in Buenos Aires for two days. (AP Photo/Gustavo Garello)
Prime Minister Narendra Modi gives a thumbs up as Argentina's President Mauricio Macri welcomes him to the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
Prime Minister Narendra Modi gives a thumbs up as Argentina's President Mauricio Macri welcomes him to the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
From the left, President of Brazil Michel Temer, President of Russia Vladimir Putin, President of South Africa Cyril Ramaphosa, President of China Xi Jinping, and Prime Minister Narendra Modi pose for a photo at the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
From the left, President of Brazil Michel Temer, President of Russia Vladimir Putin, President of South Africa Cyril Ramaphosa, President of China Xi Jinping, and Prime Minister Narendra Modi pose for a photo at the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
Prime Minister Narendra Modi enters for the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
Prime Minister Narendra Modi enters for the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
US President Donald Trump, left, listens to Japan's Prime Minister Shinzo Abe as they wait for the family photo of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
US President Donald Trump, left, listens to Japan's Prime Minister Shinzo Abe as they wait for the family photo of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
Saudi Arabia's Crown Prince Mohammed bin Salman stands as leaders gather for the family photo of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
Saudi Arabia's Crown Prince Mohammed bin Salman stands as leaders gather for the family photo of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
France's President Emmanuel Macron, left, looks at US President Donald Trump during the group photo of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
France's President Emmanuel Macron, left, looks at US President Donald Trump during the group photo of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
Turkey's President Recep Tayyip Erdogan speaks to a member of his delegation at the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Natacha Pisarenko)
Turkey's President Recep Tayyip Erdogan speaks to a member of his delegation at the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Natacha Pisarenko)
Saudi Arabia's Crown Prince Mohammed bin Salman greets Russia's President Vladimir Putin during the opening of the G20 leaders summit in Buenos Aires, Argentina November 30, 2018 in this picture taken from video. Reuters TV Summit Pool via REUTERS
Saudi Arabia's Crown Prince Mohammed bin Salman greets Russia's President Vladimir Putin during the opening of the G20 leaders summit in Buenos Aires, Argentina November 30, 2018 in this picture taken from video. Reuters TV Summit Pool via REUTERS
Saudi Arabia's Crown Prince Mohammed bin Salman, left, and Russia's President Vladimir Putin speak at the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. The two leaders are controversial figures at the summit. In Putin's case, other world leaders have expressed concern over Russia's recent seizure of Ukrainian ships and their crews near Crimea. For the prince, it's about the killing of a dissident Saudi journalist in the country's Istanbul consulate. Saudi Arabia denies that bin Salman ordered the killing, but US intelligence agencies have concluded the opposite. (AP Photo/Natacha Pisarenko)
Saudi Arabia's Crown Prince Mohammed bin Salman, left, and Russia's President Vladimir Putin speak at the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. The two leaders are controversial figures at the summit. In Putin's case, other world leaders have expressed concern over Russia's recent seizure of Ukrainian ships and their crews near Crimea. For the prince, it's about the killing of a dissident Saudi journalist in the country's Istanbul consulate. Saudi Arabia denies that bin Salman ordered the killing, but US intelligence agencies have concluded the opposite. (AP Photo/Natacha Pisarenko)
World leaders gather for a group photo at the start of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. Front, from left, are South Africa's President Cyril Ramaphosa, Britain's Prime Minister Theresa May, France's President Emmanuel Macron, and Senegal's President Macky Sall. Center, from left, are European Council's President Donald Tusk and Netherlands' Prime Minister Mark Rutte. Top, from left, are Mark Carney, President Chair of the Financial Stability Board and World Bank President Jim Yong Kim. (Andres Martinez Casares/Pool Photo via AP)
World leaders gather for a group photo at the start of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. Front, from left, are South Africa's President Cyril Ramaphosa, Britain's Prime Minister Theresa May, France's President Emmanuel Macron, and Senegal's President Macky Sall. Center, from left, are European Council's President Donald Tusk and Netherlands' Prime Minister Mark Rutte. Top, from left, are Mark Carney, President Chair of the Financial Stability Board and World Bank President Jim Yong Kim. (Andres Martinez Casares/Pool Photo via AP)
China's President Xi Jinping waits for the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018.(AP Photo/Natacha Pisarenko)
China's President Xi Jinping waits for the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018.(AP Photo/Natacha Pisarenko)
Argentina's President Mauricio Macri, right, welcomes US President Donald Trump to the start of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
Argentina's President Mauricio Macri, right, welcomes US President Donald Trump to the start of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
Britain's Prime Minister Theresa May and Argentina's President Mauricio Macri talk during the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Gustavo Garello)
Britain's Prime Minister Theresa May and Argentina's President Mauricio Macri talk during the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Gustavo Garello)
Riot police block an avenue as protesters march against the G20 summit being held in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Sebastian Pani)
Riot police block an avenue as protesters march against the G20 summit being held in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Sebastian Pani)
Russian President Vladimir Putin, right, and France's President Emmanuel Macron pose for a photo prior to their talks at the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
Russian President Vladimir Putin, right, and France's President Emmanuel Macron pose for a photo prior to their talks at the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
A protester carries a poster with the face of Saudi Arabia's Crown Prince Mohammed bin Salman reading in Spanish
A protester carries a poster with the face of Saudi Arabia's Crown Prince Mohammed bin Salman reading in Spanish "Murderer" during a march against the G20 summit being held in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Natacha Pisarenko)
Protesters carry a banner with a face of US President Donald Trump during a march against the G20 summit being held in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Natacha Pisarenko)
Protesters carry a banner with a face of US President Donald Trump during a march against the G20 summit being held in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Natacha Pisarenko)
International Monetary Fund Managing Director Christine Lagarde, left, is welcomed by Argentina's President Mauricio Macri as she arrives for the G20 Leader's Summit inside the Costa Salguero Center in Buenos Aires, Argentina, November 30, 2018. (Andres Martinez Casares/Pool via AP)
International Monetary Fund Managing Director Christine Lagarde, left, is welcomed by Argentina's President Mauricio Macri as she arrives for the G20 Leader's Summit inside the Costa Salguero Center in Buenos Aires, Argentina, November 30, 2018. (Andres Martinez Casares/Pool via AP)
Leaders and their partners pose for a group photo prior to a gala dinner at the Colon Theater in Buenos Aires, Argentina, Friday, November 30, 2018. (G20 Press Office via AP)
Leaders and their partners pose for a group photo prior to a gala dinner at the Colon Theater in Buenos Aires, Argentina, Friday, November 30, 2018. (G20 Press Office via AP)
US President Donald Trump, Canada's Prime Minister Justin Trudeau, right, and Mexico's President Enrique Pena Nieto, left, participate in the USMCA signing ceremony, Friday, November 30, 2018 in Buenos Aires, Argentina. (AP Photo/Pablo Martinez Monsivais)
US President Donald Trump, Canada's Prime Minister Justin Trudeau, right, and Mexico's President Enrique Pena Nieto, left, participate in the USMCA signing ceremony, Friday, November 30, 2018 in Buenos Aires, Argentina. (AP Photo/Pablo Martinez Monsivais)
Russia's President Vladimir Putin, left, watches US President Donald Trump, right, walk past him as they gather for the group photo at the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Pablo Martinez Monsivais)
Russia's President Vladimir Putin, left, watches US President Donald Trump, right, walk past him as they gather for the group photo at the start of the G20 summit in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Pablo Martinez Monsivais)
US President Donald Trump and other heads of state react to Mexico's President Enrique Pena Nieto, throwing his hands up, being the last one to arrive for the family photo at the G20 summit, Friday, November 30, 2018 in Buenos Aires, Argentina. (AP Photo/Pablo Martinez Monsivais)
US President Donald Trump and other heads of state react to Mexico's President Enrique Pena Nieto, throwing his hands up, being the last one to arrive for the family photo at the G20 summit, Friday, November 30, 2018 in Buenos Aires, Argentina. (AP Photo/Pablo Martinez Monsivais)
US President Donald Trump, front center, listens to France's President Emmanuel Macron as they pose with world leaders for a group picture at the start of the G20 Leader's Summit inside the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. Bottom row from left are South Africa's President Cyril Ramaphosa, Britain's Prime Minister Theresa May, Japan's Prime Minister Shinzo Abe, Argentina's President Mauricio Macri and China's President Xi Jinping. Middle row, from left, are European Council's President Donald Tusk, the Netherlands' Prime Minister Mark Rutte, Spain's Prime Minister Pedro Sanchez, Canada's Prime Minister Justin Trudeau, Prime Minister Narendra Modi and South Korea's President Moon Jae-in. International Monetary Fund Managing Director Christine Lagarde stands in the top row, second from right. (AP Photo/Ricardo Mazalan)
US President Donald Trump, front center, listens to France's President Emmanuel Macron as they pose with world leaders for a group picture at the start of the G20 Leader's Summit inside the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. Bottom row from left are South Africa's President Cyril Ramaphosa, Britain's Prime Minister Theresa May, Japan's Prime Minister Shinzo Abe, Argentina's President Mauricio Macri and China's President Xi Jinping. Middle row, from left, are European Council's President Donald Tusk, the Netherlands' Prime Minister Mark Rutte, Spain's Prime Minister Pedro Sanchez, Canada's Prime Minister Justin Trudeau, Prime Minister Narendra Modi and South Korea's President Moon Jae-in. International Monetary Fund Managing Director Christine Lagarde stands in the top row, second from right. (AP Photo/Ricardo Mazalan)
Argentina's President Mauricio Macri waves during the group photo of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
Argentina's President Mauricio Macri waves during the group photo of the G20 Leader's Summit at the Costa Salguero Center in Buenos Aires, Argentina, Friday, November 30, 2018. (AP Photo/Ricardo Mazalan)
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