The Trade Taskforce remains a key fixture of the B20 in 2015, as issues related to trade persist throughout the world. Such issues include the prevalence of tariff and non-tariff measures, opaque customs procedures, digital barriers and storage mandates, and the under-participation of developing economies in international trade. Throughout the year, the taskforce has worked to develop and refine recommendations to ensure that international trade can contribute to economic growth, employment, and prosperity.
|Business Network Partner||
The B20 Turkey Trade Taskforce is composed of 92 members, mostly senior executives from the business community, business associations, and professional service firms. The Trade Taskforce is also ably assisted by the Boston Consulting Group and the Peterson Institute for International Economics as its knowledge partners. During the course of the Turkish G20 presidency, B20 Turkey is addressing international trade issues by drawing on recommendations produced by the Trade Taskforce and sharing these priorities with G20 governments during the run up to the G20 Summit in Antalya in November.
Currently, the Trade Taskforce is concentrating on two priorities: – the need for wide-spread ratification of the Trade Facilitation Agreement, and the need for countries to roll back protectionist measures. The first focus point – ratification of the TFA – is important to the B20, as it has the potential to create millions of jobs and spur massive economic growth worldwide by reducing inefficiencies in global trade and strengthening global value chains. The second focus point – the rolling back of protectionist measures – is critical for similar reasons. Protectionist measures, specifically localization barriers to trade, distort global markets and inhibit competition, which slows innovation and reduces utility gains for businesses and consumers alike. A G20 commitment on a standstill on localization barriers to trade would be a clear achievement by the B20 this year.
Distribution of Members
Schedule of Meetings
|9 February||İstanbul||Kick Off Meeting|
|3 March||Teleconference||1st Taskforce Teleconference|
|17 April||Washington, D.C.||1st Joint Taskforce Meeting|
|2 June||Paris||2nd Joint Taskforce Meeting|
|10 July||Teleconference||2nd Taskforce Teleconference|
|3-5 September||Ankara||B20 Conference|
|14-15 November||Antalya||B20 Summit|