G20 / B20 and TÜSİAD

G20 is a formation, comprising more diversified countries which are becoming incresingly effective in world trade with their economic growth, production and consumption, instead of G8 (France, Germany, Italy, Japan, United Kingdom, USA, Canada and Russia) which consists of countries that have relatively similar level of development.

 

G20  is not composed of the first 20 countries that are lined up by their economic size; but generated in a way that reflects the diversity of the world by population and geography. It was built up in 1999, as an assemblage of presidents of central banks and finance ministers for exchange of views.

 

After the financial crisis of 2008, G20 became a summit that brings together not only the presidents of central banks and finance ministers, but also the leaders. The first G20 Summit was held in November, 2008 in Washington; then in 2009 in London and Pittsburg, in 2010 in Toronto and Seoul. Finally this year the summit will be held in November in Cannes, France.

 

TÜSİAD represented the Turkish private sector  at the B20 (Business 20) Summit that constitutes the business section of G20 Summit taking place just before G20, on 2-3 November 2011, in Cannes. Business organizations assembling in the scope of B20 Summit presented compiled opinions and suggestions of private sector to G20 leaders.
 

Ümit Boyner, President of the Board of TÜSİAD, chaired the “Global Governance” session, one of the working subjects within the summit. French Secretary of State for Foreign Trade Pierre Lellouch as a participant of G20 also attended to the round table meeting chaired by Ümit Boyner.

In preparation to B20 Summit, 12 working groups have been formed to produce business recommendations to be presented to G20 leaders.

1- Economic Policy

2- Financial Regulations

3- International Monetary System

4- Commodities and Raw Materials

5- Development

6- Employment and Social Dimension

7- Anti-Corruption

8- Trade and Investment

9- Innovation: Information and Communication Technology

10- Global Governance

11- Energy

12- Green Growth

Sherpas  of the presidents of B20 member organizations prepare a position paper and propound it to their presidents. Furthermore, discussion platforms are expanded on some of the working group subjects by means of conferences. For instance, this year, TÜSİAD and TOBB hosted a G20 private sector meeting in cooperation with TÜSİAD’s French counterpart MEDEF, on “Commodity Price Volatility” on 12 September in Istanbul. The results of this private sector meeting have been communicated to the relevant ministers at public sector meeting on 13 September. 

 

The position papers emerging from all this process are conveyed to the G20 leaders with a declaration. Additionally, at B20 Summit, B20 leaders are provided with the opportunity of communicating their views to some G20 leaders at round table meetings prior to G20 Summit. 

 

As the institutional representative of Turkish business, TÜSİAD participates in B20 Summit. As it was already presented at the summits in London on 18th March 2009, and in Seoul on 11-12th November 2010, TÜSİAD will take part at the summit in Cannes this year.

 

Besides Ümit Boyner, the president of TÜSİAD, 4 CEOs among TÜSİAD members will attend to B20 Summit.

B20 Seoul Summit  - 2010
 

G20 Business Summit, which was held in Seoul, the capital of South Korea, was concluded with 4 parallel working group meetings on 11 November 2010. Ümit Boyner as the President of the Board of TÜSİAD represented the Turkish private sector at the Business Summit.
 

B20 Working Group meetings which gathered  private sector representatives were chaired by Presidents or Prime Ministers of participant countries of G20. As a result of the meetings, approximately 70 suggestions under 12 captions were transmitted to the Presidents or Prime Ministers to be conveyed to G20 Summit.