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Article

8 May 2017

Author:
International Chambre of Commerce

Over 700 firms from G20 countries call on govts. to further cooperate on trade & climate change

At the B20 Summit in Berlin...over 700 companies and business associations from G20 countries have called on their governments to further cooperate on a host of pressing issues—from promoting an open and inclusive trading system to combating climate change... "It is essential that business plays a key role in tackling the challenges and opportunities G20 countries collectively face," said ICC Secretary General John Danilovich. "The B20 Summit shows that we are committed to creating an inclusive and sustainable global economy together."...Global business urged G20 governments to implement the Paris Agreement and to reaffirm their commitment to open and inclusive trade. If governments reinforce their commitment to setting common rules for trade, investment, data flows, and migration, their efforts could dramatically spur economic growth and job creation. Aligning these efforts with sustainable development objectives such as the UN's Global Goals would help ensure the global economy is geared towards the future. Reorienting the global economy around open trade and sustainable development objectives would unlock an estimated US$ 12 trillion of market opportunities in a range of sectors, according to a 2017 report from the Business and Sustainable Development Commission.