The meeting is
part of a larger initiative. ICC's G20 CEO Advisory Group is hosting a series of
regional policy consultations, designed to provide local businesses with an
opportunity to help shape ICC's policy recommendations for input into the G20
The International Chamber of Commerce (ICC) United
States Council for International Business (USCIB) and the Center for Strategic
and International Studies (CSIS) Simon Chair in Political Economy, presented a
Global Economic Consultation leading up to the G20 Summit in Los Cabos, 5 June,
The consultation was
moderated by Matthew P. Goodman, Simon Chair in Political Economy, CSIC. Key
speakers included Harold "Terry" McGraw III, CEO of McGraw-Hill Companies, Vice
Chairman of ICC and Chairman of USCIB and Michael Froman, the US G20 "Sherpa"
and Deputy National Security Adviser for International Economic Affairs, Arturo
Sarukhan, Mexico’s Ambassador to the US, and Alejandro Ramirez, CEO of
Cinepolis and chair of the Mexican organizing committee for the 2012 G20
the consultation between government and business leaders, ICC proudly unveiled
its G20 Business Scorecard report that measures progress on the G20's response
to business recommendations leading up to the G20 Summit in Los Cabos, Mexico,
18-19 June 2012. The Scorecard marked G20 performance as “incomplete” in three
out of the four policy areas evaluated: trade and investment, green growth,
transparency and anti-corruption and finally financing for growth and
trade and investment it gave the G20 a score of “incomplete”, based primarily
on its failure to help advance the Doha Round of trade negotiations.
ICC upholds that
if the G20 has better information on how its actions are interpreted by the
business community this would help it set priorities, honour commitments,
measure its own progress over time and identify deficiencies that deserve
greater attention. In parallel, the business community should work more closely
with the G20 to promote economic growth and job creation.
The Scorecard is an important tool for business.
Business leaders with better information on whether the G20 has recognized
business input and how it has carried through on specific business
recommendations are better able to adjust future engagement with the G20.
To achieve the
Scorecard results, ICC evaluated the G20’s progress according to 54 business
recommendations made since 2008. Subsequent editions of the Scorecard will be
adapted based on shifting priorities and G20 actions. The Scorecard evaluates
the G20’s response to business recommendations based on three criteria:
- Recognition: Has the G20 addressed an issue raised by
- Action: Has the G20 taken action on this issue?
- Adequacy: Is the G20’s response or action adequate in addressing the
“insufficient” score indicates the G20 has not addressed the issue at all. An
“incomplete” score signifies it has at least taken notice of the subject,
however with little or no action taken in response. A “progress” score shows
that the G20 has acted in line with the business recommendation, while “pass”
means it has effectively addressed the business recommendation.
addition to trade and investment, the Scorecard evaluated G20 work on green
growth with an “incomplete” score; its actions on transparency and
anti-corruption as “incomplete”; and its initiatives in terms of financing for
growth and development with a “progress” score.
ICC has provided
input to the G20 since 2008. It plans to issue the Scorecard yearly ahead of
each Summit to help drive business priorities. ICC in 2011 established the G20 CEO Advisory Group, which is comprised of approximately 30 CEOs, as an official
platform for providing business input to the G20.
ICC, along with partner organizations including the
World Economic Forum, has developed policy recommendations to the G20 in
preparation for the G20 Summit. These policy recommendations cover the four
themes of the Scorecard categories, as well as others.
a time when governments are struggling with excessive debt, multilateral trade
liberalization would create jobs and drive economic growth. Countries can
create enormous economic opportunities when they enhance cross-border trade and
Jean-Guy Carrier, ICC
Scorecard is a useful tool for business to monitor the G20’s progress on the
trade agenda. If the G20 leadership were to break the stalemate in WTO
negotiations or to build a multilateral framework for investment, advances
would be reflected in a significantly higher score."
Carrier, ICC Secretary General
“Today’s consultation is part of the
business community’s effort to play an increasingly influential role to support
G20 actions to foster economic growth, promote open trade and investment, build
a more stable financial system and improve the environment for doing
Harold McGraw III, ICC
Chairman and CEO of the McGraw-Hill
the past two years, ICC has canvassed the global business community and worked
with G20 host countries to produce a set of business policy priorities. This
meeting provided an important opportunity to share our views, gauge government
responses and learn about G20 priorities for the upcoming Summit.”
Jean-Guy Carrier, ICC Secretary
of work remains to be done in getting business issues addressed by the G20, but
the progress so far is very encouraging. Business is already bolstered by the
response it has received from the Mexican government in preparation for the G20
Summit and from Michael Froman at the consultation in Washington today."
Harold McGraw III, ICC Vice-Chairman and
Chairman and CEO of the McGraw-Hill Companies