Tuesday, June 30, 2015

What are the Priorities for 2015 and Key Messages of G20 under the Turkish Presidency?

In 2015, G20 leaders' summit will be held in Antalya, Turkey. 

The summit will be held in Antalya on November 15-16, 2015. Global economy, strengthened growth and job creation will be taken up at the summit in Turkey. The 2015 G-20 Turkey summit will be the tenth meeting of the G-20 heads of government. Turkey will assume the presidency of the G-20 in 2015.

What is G20?
The Group of Twenty (also known as the G-20 or G20) is an international forum for the governments and central bank governors from 20 major economies. The members, shown highlighted on the map at right, include 19 individual countries: ArgentinaAustraliaBrazilCanadaChinaFranceGermanyIndiaIndonesiaItalyJapanMexicoRussiaSaudi ArabiaSouth AfricaSouth KoreaTurkey, the United Kingdom and the United States—along with the European Union (EU). 

The G-20 was founded in 1999 with the aim of studying, reviewing, and promoting high-level discussion of policy issues pertaining to the promotion of international financial stability. It seeks to address issues that go beyond the responsibilities of any one organization. Collectively, the G-20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), and two-thirds of the world population. The G-20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008.

Priorities for 2015 
In 2015 under the Turkish Presidency, we will be building on previous Presidencies’ agenda and ensure a seamless continuity in the G20, while introducing new elements to ensure decisive collective action to provide inclusive and robust growth. 
Three pillars of the 2015 agenda will be: 
(1) Strengthening the Global Recovery and Lifting the Potential 
(2) Enhancing Resilience 
(3) Buttressing Sustainability

Energy Sustainability 
Today, there are over 1.3 billion people who do not have access to reliable energy. Considering the urgent need to take steps to tackle this global challenge, during our Presidency, we will emphasize the issues of energy access and energy investments. In this context, we will also study the reasons behind the high costs of renewable energy investment, and examine the deployment of public and private resources to fulfill the need for energy investments. Discussions on the G20 Principles on Energy Collaboration and rationalizing and phasing out inefficient fossil fuel subsidies will be continued. We note the importance of “G20 Energy Efficiency Action Plan” and will be monitoring its implementation. We also aim to improve Joint Organisations Data Initiative and follow up the implementation of price reporting agencies principles to improve energy market transparency. 

The Turkish Presidency kicked off on December 1st. Throughout the year, our Finance Ministers and Sherpas will meet four times at various venues. The Leaders’ Summit will be held in Antalya on November 15-16, 2015. In addition to the regular meetings of the G20, some other Ministerial meetings will be convened on selected topics throughout the year. 

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