ICC G20 FAQ
Five frequently asked questions about the ICC G20 CEO Advisory Group
What is the ICC G20 CEO Advisory Group?
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- The Group is composed of more than 30 CEOs working to ensure that the voice of business is heard by
governments, the public and the media before, during and after each
- The formation of the
CEO-led Advisory Group is critical to developing constructive policy
recommendations, adding weight to business interventions,
strengthening statements to the media, and conveying to governments that
business is engaged in the G20 agenda at the highest levels.
Advisory Group mobilizes ICC's worldwide policy-making expertise and solicits
priorities and recommendations from companies and business organizations of all
sizes and in all regions of the world.
Why was the CEO Advisory Group formed?
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- The G20's expanding policy agenda
bears directly upon business's core goals for trade, economic growth and job
- To date, however, the
G20 process has progressed with little input from the companies which drive the
- Its objective is
to press for the inclusion of business views in deliberations by G20 heads of
state and to introduce fresh ideas and innovative approaches to support open
trade and investment, economic growth and employment.
- It has been constructed for the long-run, to build an
enduring policy platform for generating solid policy work and maintaining
continuity before, during and after G20 Summit events -- from Mexico to Russia
Why are we participating in the development of B20 policy recommendations?
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- Business has a clear stake in
the success of the G20. As the everyday practitioners of the global economy,
companies are set to play an increasingly influential role in G20 action to
foster economic growth, promote open trade and investment, build a more stable
financial system, secure a clean business environment, and facilitate the
transition towards a low-carbon economy.
its mixed membership of advanced and emerging economies, the G20 is in a
powerful position to shape the rules of engagement for competing in global
- In this context, the
work of the G20 is a natural focal point for ICC's unique international policy
stewardship -- helping government leaders make complex decisions affecting
Why does ICC hold regional policy consultations?
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- In order to tap into the broadest possible
constituencies of businesses large and small, the ICC G20 CEO Advisory Group has
over the last two years conducted 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 process.
- The consultations have been held in Doha,
Hong Kong, Istanbul, Jakarta, Johannesburg, Melbourne, Mexico, Washington DC
and Zurich, and have benefitted from participation by G20 "Sherpas", Maria de
Lourdes Aranda Bezaury, Undersecretary of Foreign Affairs, Mexico; Mehmet
Gücük, Deputy Undersecretary of the Ministry of Foreign Affairs, Turkey; and
Michael Froman, Deputy National Security Advisor for International Economic
Affairs, United States.
In addition to policy development, what does the Advisory Group do?
In addition to the set of issue-specific policy
papers/recommendations developed for each B20 Summit, ICC and the G20 CEO Advisory
Group also produce associated reports that strengthen business messages to G20
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- ICC G20 Business Scorecard - the Scorecard is a global
business assessment of G20 commitments and directives conveyed in Summit
Declarations since Washington 2008. Recognizing the G20 agenda's impact on
global business, the Scorecard compares global business recommendations with
G20 actions, providing guidance for action and improvement and a monitor of
progress from Summit to Summit
Open Markets Index (OMI) - a balanced and reliable measurement of a
country's openness to trade, constituting a tool for policymakers and
authorities to identify deficiencies that deserve greater attention, thereby
generating a roadmap of sorts for action and improvement.
- Global survey of business policy priorities - a report
harvested from the global series of policy consultations through the worldwide
networks of the World Chambers Federation and the Junior Chambers
International. [to be published March 2013]
A Business Guide - an easy-to-read handbook that explains in detail what
the G20 is, what it does, and how it functions.
Business - the exclusive, official publication for the 2012 G20 Business