The U.S. Chamber of Commerce advances U.S. business interests in key dialogues with G20 and G7 policy makers, B7 and B20, and through participation in the Global Business Coalition. As the springboard for U.S. business priorities, we provide input to a wide range of international institutions, including the IMF and World Bank.
The U.S. Chamber of Commerce advances business interests in key dialogues with G20 policy makers. As G20 was elevated to coordinate policy action in dealing with the global economic crisis, the Chamber has been contributing to all private sector consultations with G20 at both national and international levels.
The Chamber’s actions are guided by the G20 Initiatives Working Group, which has conducted a wide range of in-depth discussions with key officials from G20 countries who are responsible for changing the rules of global finance and growth rebalancing. Provided is the link to the G20 website .
Current G20 Chair: Saudi Arabia
What does G20 deal with now?
- Empowering people: financial inclusion of women and youth, person-centric healthcare, inclusive tourism, and financing the 2030 sustainable development agenda
- Safeguarding the planet: sustainable clean energy, reforestation, reducing food waste, and water management
- Technology & Innovation: Cyber resilience, BigTech in finance, trustworthy AI, smart cities, global solution to digitalization's tax challenges, and infastructure technology
Represent the interests of our national business communities in the G20 dialogue process and ensure decisions taken by G20 leaders reflect the input and understanding of the business community.
To lead the business response to the policies agreed upon by heads of states at the G20 level, the Chamber has become a founding member of the Global Business Coalition of national business federations from the top 20 economies.
The coalition brings together the leading national independent associations of selected G20 countries. We share the mission of representing broad business interests and views relevant to the G20 agenda, and agree to cooperate in sharing ideas; information and resources in order to promote agreed upon positions and inform members of our associations and the public opinion with respect to the policy views of the business community.
The Coalition ensures the continuity of dialogue with policy-makers between each Presidency of the B20/ G20 Business Summit. The next B20 Summit will be held October 26 - 27, 2020 in Saudi Arabia.
Our partners in the Global Business Coalition:
- France: MEDEF
- Canada: Canadian Chamber of Commerce
- Germany: BDI
- Egypt: Federation of Egyptian Industries (FEI)
- EU: BusinessEurope
- India: CII
- Korea: FKI
- Italy: Confindustria
- Morocco: General Confederation of Moroccan Enterprises (CGEM)
- Spain: CEOE
- Turkey: TUSIAD
- Brazil: CNI
- Australia: AIG
- Argentina: UIA
Business response to the challenges of advanced economies
What is the G7?
The G7 is an international forum designed to bring together the leaders of seven of the world's most industrially advanced democracies. The G7 continues to function as a forum for discussion of economic and financial issues and usually includes the Managing Director of the IMF and G7 finance ministers and central bank governors. The member countries include: France, the United Kingdom, Germany, Japan, Italy, Canada, and the United States. The European Union is also included as an attendee.
The presidency of the G7 changes on an annual basis; the president for 2020 is the United States.
What is the B7?
The B7 serves as the business side of the G7, representing the business community of the G7 countries. The goal of the B7 is to contribute to the G7 agenda by providing the business perspective on major economic issues through recommendations and proposals. The B7 organizes various initiatives and events by bringing together civil society, business, and opinion leaders. They provide a forum for high-level debate on international issues and potential solutions.
U.S. Chamber will host the 2020 B7 Summit in Washington DC in February 2020.
Other International Financial Institutions
IMF and World Bank Initiatives
The Chamber is committed to improving private sector development around the world through a series of initiatives. It has partnered with the World Bank Group on the launch of the Benchmarking Public Procurement reports.
The Chamber has also joined the global SME Finance Forum, an initiative started by the G20 countries and managed by the International Finance Corporation (IFC). The forum, part of the G20’s Global Partnership for Financial Inclusion, is an opportunity for experts from financial institutions, financial technology companies, and development finance institutions to share their insights on innovative ways to improve small business finance.
The Chamber is also a member of the Bretton Woods Comittee.