Turkey Gets Ball Rolling on 2015 B20 Summit

L-R: Guler Sabanci, Rifat Hisarciklioglu (Chair of B20 Turkey), Ali Babacan (Turkisk Deputy Prime Minister) and Terry McGraw (ICC).
L-R: Guler Sabanci, Rifat Hisarciklioglu (Chair of B20 Turkey), Ali Babacan (Turkisk Deputy Prime Minister) and Terry McGraw (ICC).

USCIB’s global network, including the International Chamber of Commerce, (ICC) the International Organization of Employers (IOE) and the Business and Industry Advisory Committee (BIAC) to the OECD, joined over 500 Turkish and international business leaders, key international business groups and government officials in Istanbul on Monday to officially launch preparations for the 2015 G20 Business (B20) Summit scheduled to take place in Antalya, Turkey on November 14 and 15, 2015.

The B20 group provides global business leaders with a forum for producing policy recommendations to be delivered at the annual G20 meeting, reflecting the key role the private sector plays as a driver of strong, sustainable economic growth.

“2015 will be a year where G20 will focus its efforts on ensuring inclusive and robust growth through collective action,” said Turkish Deputy Prime Minister Ali Babacan. “This can be formulated as the three I’s of the Turkish Presidency: Inclusiveness, Implementation, and Investment for Growth.”

Regarding inclusivity, Babacan emphasized the role of small- and medium-sized enterprises (SMEs) to economic growth and job creation, and noted that his G20 colleagues believed that the voice of SMEs must be integrated into the work of the G20. Babacan also underscored the essential role the B20 would play in integrating SMEs and announced a partnership with ICC to launch the Global SME Forum.

Warmly accepting Babacan’s joint initiative, ICC Chairman Terry McGraw said: “ICC welcomes the opportunity to partner with Turkey to ensure that the SME initiative is a success this year and becomes an anchor of the B20’s work for years to come.”

Also at the inaugural G20 meeting, IOE President Daniel Funes de Rioja spoke about employment, job creation and human capital development in the context of the G20 agenda. He noted that the G20 had not yet lived up to its commitments to lower global unemployment rates, and he called on G20 leaders to put the spotlight on job creation, SMEs, labor migration and greater inclusion of women in the workplace as key areas for action.

BIAC Secretary General Bernhard Welschke delivered remarks on a high-level panel concerning steps to further improve B20 interactions with the G20. The B20 summit in 2015 will be held in November back-to-back with the G20 summit, providing an opportunity for maximum business impact into the policymaking process at G20 level.

Demonstrating an understanding of the valuable role the business community plays in the G20 process, Babacan said: “The ideas you [B20] develop are valuable to us. Economic growth can only be achieved by private sector investment. No matter what decisions we take, if you don’t have the confidence to undertake investment we are not going to meet our growth objective. This is why the B20 is so important.”

Staff contact: Rob Mulligan

More on USCIB’s Trade and Investment Committee

Staff Contact:   Alice Slayton Clark

Director, Investment, Trade and China
Tel: 202.682.0051

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