Ahead of next month’s Group of 20 (G20) Summit in Brisbane, USCIB met with representatives of the Business 20 (B20) and G20 on October 9 in Washington, DC to discuss the 2014 B20 recommendations and give USCIB members an opportunity to voice their priorities for achieving economic growth and job creation.
The B20 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 growth.
Members of the USCIB Trade and Investment Committee and Customs and Trade Facilitation Committee met with Caroline Atkinson, the G20 Sherpa for the U.S. government, Sarp Kalkan, policy advisor at the Union of Chambers and Commodities Exchanges of Turkey and upcoming Turkey B20 Sherpa, and Robert Milliner, the Australia B20 Sherpa. Members broadly supported the B20 recommendations to the G20, which include focused proposals in the areas of trade, infrastructure, human capital, finance and transparency.
Milliner summarized the B20 recommendations and noted that they would play a big role in the G20 agenda coming out of the Brisbane Summit. Trade and infrastructure rank high on the B20’s priorities, and Milliner hoped that governments will agree to establish a proposed “infrastructure hub” that will share information among nations and increase transparency on infrastructure projects.
Atkinson appreciated how focused the B20 recommendations are and explained it is helpful for government leaders to see which reforms business feels would be useful to support growth and jobs. She suggested that U.S. business leaders communicate often with their counterparts in other countries to coordinate their priorities, and she noted that business must engage more often with labor. USCIB plays a part on both counts, through our affiliation with the International Chamber of Commerce (ICC) – the world business organization – and theInternational Organization of Employers.
Kalkan noted that during next year’s G20 Summit in Turkey, global infrastructure initiatives will remain at the core of the B20 agenda, as well as trade and investment policies that make it easier for emerging economies to attract foreign direct investment. On that note, the successful passage of the World Trade Organization’s trade facilitation agreement ranks high on the list of business priorities. The B20 also plans to do more work on small- and medium-sized businesses, helping to integrate them into global value chains and increasing their access to finance. Kalkan also noted that will be greater efforts to have the B20 and G20 interact more frequently over the course of the year.
At a similar event on October 8 in Washington, DC, ICC and the Center for Strategic and International Studies brought together Australian and U.S. government officials to discuss expectations for the Australian G20 summit in December.
“We intend to concentrate on advocating for the implementation of the existing stock of B20 recommendations,” Kalkan at the CSIS meeting. “We will do this through extensive consultations with G20 ministers, sherpas and business leaders.”
Staff contact: Robert Mulligan