Treasury Secretary Bessent Skips G20 South Africa Meeting for Japan Trip

Posted on July 9, 2025 by The Esbec Team

09
Jul

US Treasury Secretary Bessent Skips G20 Meeting for Japan Visit

Treasury Secretary Scott Bessent will bypass next week’s Group of 20 finance officials meeting in South Africa, choosing instead to attend Japan’s World Expo 2025 in Osaka. Sources familiar with his travel plans confirmed the decision to Reuters on July 8.

The move marks a notable shift in diplomatic priorities as G20 finance ministers prepare to gather in South Africa. Bessent’s absence from the multilateral economic forum comes as global finance leaders face mounting challenges including inflation concerns and international trade tensions.

Treasury officials confirmed Bessent will participate in the World Expo 2025 in Osaka, though specific details about his Japan itinerary remain undisclosed. The exposition, running through October 2025, focuses on technological innovation and sustainable development themes.

The G20 finance meeting typically addresses coordinated economic policies among the world’s largest economies. South Africa’s hosting of the event represents a significant moment for African economic leadership on the global stage.

Bessent’s scheduling choice reflects the Treasury’s strategic focus on strengthening US-Japan economic ties. The bilateral relationship remains crucial for American interests in the Asia-Pacific region, particularly regarding trade partnerships and regional security cooperation.

The Treasury Department has not provided additional commentary on the reasoning behind skipping the South Africa gathering. Deputy Treasury officials are expected to represent US interests at the G20 finance ministers’ meeting.