Trade

Trade

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.

 Leadership Structure
Coordinating Chairs
  • Güler Sabancı, Chairman of Sabancı Holding
  • Harold McGraw III, Chairman of McGraw Hill Financial
Co-Chairs
  • Andrew Liveris, Chairman and CEO of The Dow Chemical Company
  • Frederico Pinheiro Fleury Curado, President and CEO of Embraer SA
  • Nils Smedegaard Andersen, Group CEO of The Maersk Group
  • Aleksey Mordashov, CEO of Severstal
  • Frank (Gaoning) Ning, Chairman of COFCO Corporation
  • Victor Chu, Chairman and CEO of First Eastern Investment Group
Knowledge Partner
  • The Boston Consulting Group (BCG)
Business Network Partner
  • The International Chamber of Commerce (ICC)

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

Date Location Theme
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