G20 Rome at the start, the priorities of US President Biden

Energy supply and minimum tax. These are the main issues for US President Joe Biden today at the G20 in Rome, as anticipated by a senior US administration official quoted by CNN. The main focus today is to state that “the United States is firmly committed to our allies and partners and to face-to-face diplomacy at the highest levels,” the official said. global economy and the pandemic caused by the coronavirus. The main objective will be the approval of a minimum global tax, which for Biden is a priority as explained by the White House. The agreed measure provides for multinational corporations a minimum tax rate of 15% and would impose them to pay taxes in the countries they operate in. The Biden administration already secured the support of the G7 in June. “In our view, this is more than just a tax deal. It is a reshaping of the rules of the global economy “, said the American official quoted by CNN Biden, continues the source of the US Administration, also plans to address the issue of” the aggravation of the short-term imbalance between supply and demand. in global energy markets “during the first session of the G20, the official said.” We would like to raise the issue and emphasize the importance of finding more balance and stability, both in oil and gas markets, “he explained. American president, however, will certainly not go beyond the OPEC field of expertise. “We certainly will not be involved in the specifics of what happens within OPEC, but we have a voice and we intend to use it on a problem that is affecting the global economy ”, added the source cited by CNN. “There are large energy producers who have unused capacity – said the official – We are encouraging them to use them to guarantee a rip made stronger and more sustainable around the world “.