BALI, INDONESIA - Joining business organization leaders for the B20 Summit in Indonesia ahead of the G20 Summit, U.S. Chamber of Commerce Executive Vice President and head of International Affairs Myron Brilliant issued the following statement:
“Both the B20 Summit and the need for multilateral approaches have never been more crucial as the world faces interlocking global challenges – including lingering effects of the COVID pandemic, historic inflation, supply chain disruptions, worker shortages, rising energy costs, climate change, increasing tensions between the U.S. and China, and Russia’s invasion of Ukraine.
“We are all operating under immense uncertainty and instability. That is even more reason for the G20 economies to step up collective efforts. Now is not the time for any country to look inward for answers when climate, inflation and other challenges are global –not just domestic—concerns. It is imperative that countries work together.
“The U.S. Chamber and its B20 counterparts put forward several policy recommendations in the critical areas of trade, energy and climate, digital transition, and infrastructure finance. Chief among them is advancing pro-growth trade policies. The U.S. Chamber commends the Indonesian Chamber of Commerce and Industry (KADIN) for their work as B20 chair to advance cooperation around these recommendations – an effort we saw firsthand as we participated in key B20 task forces and the B20 International Advocacy Caucus throughout the year. With India assuming the role of chair next month, the U.S. Chamber looks forward to working with the Indian government and business community to build on these successes.
“We urge the G20 leaders to take swift action to address these pressing issues and continue to lean on the private sector and implement B20 recommendations. We know the problems are immense, but together, the public and private sectors can chart a prosperous way forward.”