The Digital Economy was among several key policy recommendations set forth at the 2015 B20 Summit in Antalya to support the G20 leaders in their ongoing mission to implement structural reforms and to ensure strong, sustainable, and balanced growth.
Thorough GCEL’s interventions on 5 Taskforces (Trade, Infrastructure & Investment, Financing Growth, Employment, and SMEs & Entrepreneurship), GCEL contributed thoughtful and considerable policy recommendations through documentation, analysis, and active engagement.
The B20 recommendations to the G20 Leaders included the development and adoption of a comprehensive digital environment for customs procedures and cross-border automated clearance systems in all G20 countries through public-private collaboration.
In addition, the recommendations cited the need to increase youth employment and female labor-force participation as well as to make data on SME creditworthiness more transparent and available so that various finance tools that reduce risks associated with SME lending can be used effectively.
These recommendations directly align with GCEL’s global Digital Economy initiative to digitize global trade that will create greater trade efficiency, reduce trade costs, ease access to finance, and increase global trade—thereby creating millions of jobs in the manufacturing, agriculture, and service industries throughout the high, mid, and low income countries.