Business 20 (B20) is an informal network of business associations, collaborating in order to maintain a continuous dialogue between the business community, G20 governments, and relevant international institutions.
At a respective national level, the B20 members are the recognized leaders, the most important ones able to maintain a permanent dialogue with the relevant authorities and to mobilize the private sector forces to contribute to the success of G20 efforts.
The approach to organising B20 activities has varied to some degree between different host years and continues to evolve. Participants in B20 activities have included business associations, CEOs and senior executives from companies across a broad spectrum of sectors, and expert organizations.
Currently, the B20 includes:
- Business associations representing the local business community (see page Participants for more details)
- National Steering Committee representing national business leaders (see page Taskforces for more details)
So far, the B20 business associations include the most representative associations of national business community:
- Movement of the French Enterprises (MEDEF)
- The Canadian Chamber of Commerce (CCC)
- U.S. Chamber of Commerce
- Russian Union of Industrialists and Entrepreneurs (RSPP)
- Federation of German Industrialists (BDI)
- Business Europe
- Business Unity South Africa (BUSA)
- Confederation of Indian Industry (CII)
- The Federation of Korean Industries (FKI)
- Confindustria (Italy)
- Turkish Industrialists' and Businessmen's Association (TUSIAD)
- National Confederation of Industry Brazil (CNI)
- Australia Industry Group (AIG)
- Argentine Industrial Union (UIA)
- Confederation of British Industry (CBI)
- China Council for the Promotion of International Trade (CCPIT)
- The Mexican Business Council for Foreign Trade, Investment and Technology (COMCE)
- Council of Saudi Chambers (CSC)
- Keidanren (Japan Business Federation)
- Kadin Indonesia (Indonesian Chamber of Commerce and Industry)
Other national business associations are also actively involved in B20 work.
The main mission of B20 is to contribute to the development of a stable, sustainable and equitable world economic growth stimulating creation of jobs, to represent the interests of the national business communities in the dialogue with G20, and to ensure that the recommendations of the business community are reflected in the decisions of the G20 leaders and their subsequent implementation.
Key objectives of B20:
- Consolidate positions of business communities in global dialogue on crucial issues of international development, ensuring representativeness and proper format of participation
- Facilitate the effective dialogue with global leaders in finding effective solutions of the burning economic problems of G20
- Ensure continuity and consistency of participation of authorized business representatives in development of recommendations for G20 leaders , working together with other outreaches, as well as monitoring of the effectiveness and implementation of the G20 commitments