It was an honor and privilege to participate as a B20 member and special invitee to the high-powered 2015 B20 Summit with the G20 Leaders Summit, which included team policy discussions, and the hand-off from Turkey to China. As a B20 Employment Taskforce member, I am very proud that good parts of our policy recommendations were included in the G20 Leaders’ Communique 2015.
What is the B20? On behalf of the international business community, the B20 is a platform that leads engagement with the G20 by hosting focused policy discussions and developing recommendations geared towards strong, sustainable, and balanced growth in the global economy.
The G20 is the premier forum for international economic cooperation, led by the Presidents (e.g. Obama, Xi) and Prime Ministers (e.g. Modi, Cameron) of the world’s 20 largest economies [Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Korea, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union (EU)], The G20 and B20 host country rotates yearly.
In 2016, China will host the G20 and B20, which is essential to the success of the G20. Turkey hosted the G20 and B20 in 2015 and Australia hosted in 2014. The core of the B20 are five taskforces, each chaired and co-chaired by prominent business leaders: (1) Employment, (2) Financing Growth, (3) Infrastructure, (4) SME Development (started at B20 Turkey this year), and (5) Trade and Investment.