BIAC praises the OECD for its contribution to the world economy
The group of most developed countries G 20 wants to increase its economy by 2 percent in the next ten years.
The BIAC considers the OECD to be an institution that could give to the governments a recommendation regarding the contribution of free markets and structural reforms to the world economy. The governments of the G 20 countries have to unite their efforts and take a common action on supporting the investment and economic growth driven by the private sector.
A good example of it is an OECD mandate to create a sustainable framework for international taxation, whose shape is decisive for the global economy. This framework should support the cross-border trade and investment, not to put obstacles to it. The BIAC, as a representative of the business, expresses its readiness to present the structured input data for this project to be successful.
In connection with the preparation of the G 20 summit taking place in Australian Brisbane on 16th-17th November 2014, the representatives of B 20 group (entrepreneurial community from G 20 countries) at its meeting in Sydney on 16th-18th July 2014 presented 20 recommendations to the G 20 politics relevant to the global economic growth and job creation. The BIAC is ready to support these recommendations.
The B 20 group (Business 20) is a forum by means of which the private sector gives its recommendations to the G 20 group before its regular sessions since 2010. The B 20 associates the representatives of the business from G 20 countries, including EU, and stands up for the idea that the G 20 summit conclusions should reflect the role of the private sector as a main driving force of a strong and sustainable growth.
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section BIAC