G20 Chair Issues Statement on Foreign Ministers' Meeting

1. The G20 Foreign Ministers met in Atlanta, Georgia on October 30 and October 31, 2026, in the 250th year of the United States' independence. The U.S. presidency has pursued taking the G20 back to basics, focusing on its core mission of discussing global economic challenges and proposing solutions that help improve our citizens' lives, raise their standards of living, and create economic prosperity for everyone. The ministers held candid discussions on the U.S. priorities. Specifically, ministers discussed energy security, supply chain resilience, and geopolitical tensions, including the Straits of Hormuz and the Bab al-Mandab.

Energy Security

2. Every country is sensitive to the price of energy. Every time there is an increase in the price of gasoline, the cost of natural gas to heat a home, or the electricity to power our digital lives, the cost of energy is felt by everyone. No country can have prosperity without energy. Far too often governments have placed barriers to energy production and punished their own people with higher costs. This is why it is not enough to have access to energy; it is important that energy is abundant and access for everyone is affordable. These conditions promote productivity, strengthen industry, improve energy security, and increase economic growth. It is also vital that countries build the infrastructure to develop and deploy the energy systems of the future. Abundant energy is the backbone of a booming economy and the foundation of enduring prosperity.

3. Energy is a foundational requirement for economic progress. Too often, misguided policies in one part of the world have stifled energy access in another part of the world. At the same time, global energy demand keeps increasing as economies grow, driven by a range of factors, including population growth, economic development, industrialization, electrification, increasing cooling needs, expanding car and truck demand, and the unprecedented rise of digitalization and information technology. Meeting demand in a manner that addresses affordability, accessibility, and security strengthens economic competitiveness and resilience; enhances participation in the global economy; and, critically, people live better, healthier, more prosperous lives.

4. Further, emerging energy technologies can deliver abundant, baseload energy. Advancements in civil nuclear energy technology, including small modular and micro reactors, can contribute to meeting growing global electricity demand and enhancing energy security. Still, we recognize that, for some, nuclear energy may not be a desired option for their energy mix.

5. Every country is on its own energy path and each country's needs will demand different energy sources. One country should not be constrained by what another country decides to use. Every country is entitled to make its own sovereign choices.

Supply Chain Resilience

6. Global supply chains are crucial for modern societies to thrive. Basic materials like fertilizer are essential for food production and security, raw materials are necessary for basic manufacturing, and critical minerals are crucial for energy security, advanced manufacturing, and emerging technologies.