Pacific Consulting Group has been invited to continue its work with the B20 community in 2016 – this year hosted by China, and organized by the China Council for the Promotion of International Trade (CCPIT).
“Over the next year, building on previous B20 policy recommendation reports, we will hold a series of taskforce meetings and conferences with B20 members and partners. This process will focus on global economic growth, trade and investment, infrastructure, SME development, employment and anti-corruption as their focus, and will foster communication and develop consensus between all parties. We look forward to submitting the international business community’s policy recommendations to the G20 Summit.” - Jiang Zengwei, Chair of B20 China and Chairman of China Council for the Promotion of International Trade
PCG will continue representing SME interests in the Asian region and provide input on taskforce meetings and in the upcoming conferences, culminating with the G20 and B20 Summit.
In 2016 the SME taskforce will continue to focus on the priorities identified by the previous B20 taskforces such as SME financing, access to global value chains, and innovative ways to boost the development of SMEs.
The Business 20 (B20) provides a significant platform for the international business community to participate in global economic governance and international economic and trade regulation. Centred 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.
Over the years B20 priorities have been clearly aligned with those of the G20 Summit, focusing on major goals in global economic development. These include financial system reform, trade, investment, infrastructure, employment and anti-corruption policy.
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 communiqués. Many G20 leaders have attended previous B20 summits and exchanged views with B20 delegates.
The Group of Twenty (also known as the G-20 or G20) is an international forum for the governments and central bank governors from 20 major economies.
The G-20 was founded in 1999 with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability.  It seeks to address issues that go beyond the responsibilities of any one organization.  Collectively, the G-20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), and two-thirds of the world population.