ASEAN Current Affairs - 2020
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The Saudi Arabian King Salman is to chair the G20 summit on Corona Virus through a video conference. The Summit is to be held on March 26, 2020. The summit becomes significant as several international organizations are to participate in the summit.
India is a member of G20.
Several worldwide international organizations are to participate in the summit. It includes WHO (World Health Organization), FAO (Food and Agriculture Organization), WTO (World Trade Organization), IMF (International Monetary Fund), ASEAN (Association of South East Asian Nations), Organization for Economic Cooperation and Development, Gulf Cooperation Council and NEPAD (New Partnership for Africa’s Development).
From India, PM Modi is to attend the summit. The leaders will strategize methodology to combat virus. The global growth for the year is negative according to IMF. The recession is to bring about the biggest financial crisis in history. G20 suggests “A Moment for Solidarity” in this situation. The finance ministers of G20 had already held a meeting under this theme virtually.
Tags: ASEAN • Corona Virus • COVID-19 • G20 • IMF
Corona Virus: WHO increases Global threat; US postpones ASEAN; Geneva International Motor Show Cancelled
The COVID-19 (Corona Virus), that began in China has now spread to more than 45 countries. Outside China, South Korea has the highest number of COVID-19 victims.
On February 29, 2020, the World Health Organization increased the global risk of COVID-19. This was because the endemic has now spread to sub-Saharan Africa and has plunged financial markets. WHO also says that more than 20 vaccines for the virus are under development globally.
India has banned travel to China and Iran. Several airlines have restricted their flights to Hong Kong and Singapore.
The stock markets have weakened to their lowest levels since the global financial crisis 2008.
US postpones ASEAN
The United States has postponed the ASEAN summit to March 14, 2020 due to the corona virus outbreak. Today, confirmed Corona Virus cases in the United States is 60.
Geneva International Motor Show
The Geneva International Motor Show one of the biggest annual auto-show circuit has been cancelled amid Corona Virus fears. The show brings in innovation and experiences.
Tags: ASEAN • China • Corona Virus • Diseases • United States (US)