The Business 20 or B20 is an integral part of the G20 process, representing the entire international business community. The mission of the B20 is to support the G20 through consolidated representation of interests, concrete policy proposals, and expertise. Furthermore, the B20 promotes dialogue among policymakers, civil society, and business at the international level.
In the B20, business representatives from the entire G20 develop joint recommendations and advocate specific policy actions across the entire G20 agenda. In addition, the B20 organizes a number of events and provides a platform for exchanges with governments and other stakeholders of the G20 process. Like the G20, the B20 is a perennial process with working activities and events during the entire year.
The B20 provides a significant platform for the international business community to participate in global economic governance and international economic and trade regulation. Centered on B20 taskforce meetings and the B20 summit, it supports the work of the G20 by hosting focused policy discussions and developing recommendations geared towards strong, sustainable and balanced growth in the global economy.
Since 2010 more than 400 policy recommendations have been proposed. These continue to be highly valued by G20 leaders and many have been incorporated into previous G20 communiques. Many G20 leaders have attended previous B20 summits and exchanged views with B20 delegates.
In tandem with the G20, the presidency of the B20 changes annually. In 2015, the B20 Presidency was held by Turkey, in 2016 it was held by China and now, it held by Germany.
“Resilience, Responsibility, Responsiveness – Towards a Future-oriented, Sustainable World Economy”. The world economy has become marked by crises. Uncertainties are growing, having a negative impact on innovation worldwide. In this environment it is more important than ever that we work towards framework conditions that foster innovation, economic growth and job creation.
The German Federal Chancellery has mandated the leading German business associations – BDI, BDA and DIHK – to conduct the B20 presidency during the German G20 presidency (B20 Germany). While the German government assumed the G20 presidency from China on 1 December 2016, B20 Germany was launched on 4 September 2016 with the hand-over from B20 China. The three responsible associations (BDI, BDA and DIHK) maintain a B20 Executive Committee, which takes all significant decisions on B20 Germany by consensus. A B20 Secretariat headed by a full-time B20 Sherpa handles operational implementation. There will also be B20 advisory/advocacy bodies, above all a Business Advocacy Caucus composed of CEOs and business organisation leaders from the G20 states. The work of the B20 will take place in taskforces and cross-thematic groups.
Source: B20 Germany
2016 B7 JAPAN SUMMIT, TOKYO
2015 B7 GERMANY SUMMIT, SCHLOSS ELMAU