For Immediate Release:
From Berlin to Buenos Aires – B20 Handover
B20 Chairs Heraeus and Funes: B20 process is crucial for G20 to effectively shape globalization
G20 must deliver on Hamburg results
- For open and rules-based markets that benefit all
- International cooperation needed to find solutions to global challenges
“The B20 is crucial for an effective G20 that shapes globalization,” said Jürgen Heraeus and Daniel Funes de Rioja, the current and incoming Chairs of the official G20 business dialogue, Business 20 (B20), prior to the B20 handover in Buenos Aires. The official handover ceremony, 1 month before the G20 handover, will takeplace on November 1, 2017 in the Argentine Foreign Ministry, hosted by the Argentine G20 Sherpa, Ambassador Pedro Villagra Delgado.
“We can be proud of what we have achieved as B20 Germany,” Heraeus stated. In seven taskforces and one initiative, more than 700 leading business representatives developed joint policy recommendations that were handed over to German Chancellor Angela Merkel at the B20 Summit in May 2017. The G20 Summit in Hamburg is a partial success, given the difficult negotiating climate. We are nonetheless disappointed that the G20 did little more than secure the status quo in many areas such as international trade,” Heraeus continued. “The G20 must now fill its Hamburg commitments with life,” said the B20 Germany Chair. Heraeus, who will be accompanied by B20 Sherpa Stormy-Annika Mildner, represent the three German business associations that were mandated by the German government to preside over the German B20 dialogue: the Federation of German Industries (BDI), the Confederation of German Employers’ Associations (BDA) and the Association of German Chambers of Commerce and Industry (DIHK).
“We stand with B20 Germany for open and rules-based markets. At the same time, we agree that we must ensure that the benefits from globalization are widespread in our societies. For example, we need to invest more in education and lifelong learning”, Funes de Rioja added. B20 Argentina will be led by Funes de Rioja as Chair, designated by the Argentine government. Daniel Funes de Rioja is the former President of the International Organisation of Employers (IOE) and also participated in the B20 Germany process as Co-Chair of the Employment and Education Taskforce. He will be assisted by six business chambers – ADEBA, BCBA, CACS, CAMARCO, SRA and UIA – as Co-Chair. B20 Sherpas Carolina Castro (Executive Sherpa) and Fernando Landa (Policy Sherpa) are tasked with bringing the B20 to life. “This is a great opportunity for our region and our country, taking into account the transformation process Argentina is going through and the structural reforms the government is putting in place to face the challenges of open market economy, the globalization process, and smart integration”, said Funes de Rioja.
“The CWA initiative has taken root and would seek to expand the pool of investment opportunities and incentives for domestic MSMEs in compact countries”. Isaac Aggrey, B20 Taskforce Member stated.
About the G20
The G20 is the premier forum for international economic cooperation. Within the G20, 19 leading industrial and emerging economies as well as the European Union coordinate their policies and agree on joint actions and principles. The G20 members combined hold more than 85 percent of the global economic output, more than 80 percent of global goods and services exports and represent about two thirds of the global population.
About the B20
The B20 is an integral part of the G20 process and represents the global business community. The B20’s task is to support the G20 by making concrete recommendations for actions, consolidating global businesses’ interests, and lending its expertise to the G20. Beyond this engagement the B20 focusses on advocacy and fosters the international dialogue between governments, civil society, and the business community. Like the G20 presidency, the B20 presidency is a perennial process and rotates on a yearly basis.