The G20 Business Summit London, 18 March 2009 Rhian Chilcott, CBI

The G20: the basics Created in 1999 Originally just finance ministers and central bankers of the 20 countries November 2008: President Bush convened G20 heads of government in Washington, D.C. UK has the chair for 2009; South Korea will have the chair in 2010.

Created in 1999

Originally just finance ministers and central bankers of the 20 countries

November 2008: President Bush convened G20 heads of government in Washington, D.C.

UK has the chair for 2009; South Korea will have the chair in 2010.

Members of the G20 Argentina Australia Brazil Canada China France Germany India Indonesia Italy Japan Mexico Russia Saudi Arabia South Africa South Korea Turkey United Kingdom United States European Union...

Argentina

Australia

Brazil

Canada

China

France

Germany

India

Indonesia

Italy

Japan

Mexico

Russia

Saudi Arabia

South Africa

South Korea

Turkey

United Kingdom

United States

European Union...

Members of the G20: ... Plus MD of the IMF, President of the World Bank, chairmen of key committees of those institutions. Useful resources: www.g20.utoronto.ca www.londonsummit.gov.uk

... Plus MD of the IMF, President of the World Bank, chairmen of key committees of those institutions.

Useful resources:

www.g20.utoronto.ca

www.londonsummit.gov.uk

The Business Summit UK government requested the CBI to arrange a business summit before 2 April G20 meeting 1 representative from each of the 20+4 countries Someone who was from a trade association (i.e. representative) but in a non-executive role (i.e. with genuine business experience) Focus on trade and investment protectionism

UK government requested the CBI to arrange a business summit before 2 April G20 meeting

1 representative from each of the 20+4 countries

Someone who was from a trade association (i.e. representative) but in a non-executive role (i.e. with genuine business experience)

Focus on trade and investment protectionism

Outcome: an extraordinary degree of consensus A rapid conclusion to the Doha trade round A legally-binding standstill commitment not to raise new barriers – broadly defined An effective monitoring body with real teeth To ensure that trade finance and credit gets moving again To ensure a maximum economic stimulus effect from high surplus countries.

A rapid conclusion to the Doha trade round

A legally-binding standstill commitment not to raise new barriers – broadly defined

An effective monitoring body with real teeth

To ensure that trade finance and credit gets moving again

To ensure a maximum economic stimulus effect from high surplus countries.

Additional conversations at the meeting: Fiscal stimulus Exit strategy Financial regulatory reform Progress report on the actions from November

Fiscal stimulus

Exit strategy

Financial regulatory reform

Progress report on the actions from November

Next steps The Prime Minister’s comments substantially echoed the business community’s agenda Lord Mandelson & CBI issued a joint press release Report will be available by end of next week Each association decides what to do in terms of lobbying their home state government

The Prime Minister’s comments substantially echoed the business community’s agenda

Lord Mandelson & CBI issued a joint press release

Report will be available by end of next week

Each association decides what to do in terms of lobbying their home state government

What to expect from the main G20 meeting? Four main workstreams: The macrofinancial response The role of the multilateral institutions Reshaping the global financial system Putting the world economy on track for sustainable growth

Four main workstreams:

The macrofinancial response

The role of the multilateral institutions

Reshaping the global financial system

Putting the world economy on track for sustainable growth

Next steps? Country-by-country lobbying in the remaining two weeks before the London Summit Is the G20 the new G8?

Country-by-country lobbying in the remaining two weeks before the London Summit

Is the G20 the new G8?