Five frequently asked questions about the ICC G20 CEO Advisory Group

What is the ICC G20 CEO Advisory Group?

  • 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 Summit.
  • 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.
  • The 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.
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Why was the CEO Advisory Group formed?

  • The G20's expanding policy agenda bears directly upon business's core goals for trade, economic growth and job creation.
  • To date, however, the G20 process has progressed with little input from the companies which drive the world economy.
  • 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 and beyond.
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Why are we participating in the development of B20 policy recommendations?

  • 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.
  • With 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 markets.
  • 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 global welfare.
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Why does ICC hold regional policy consultations?

  • 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.
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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 leaders:

  • 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
  • ICC 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]
  • G20: A Business Guide - an easy-to-read handbook that explains in detail what the G20 is, what it does, and how it functions.
  • G20 Business - the exclusive, official publication for the 2012 G20 Business Summit.
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