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B20 TurkeyPacific Consulting Group has been invited to join the B20 process for 2015 in formulating recommendations for the Group of Twenty (G20) body in the area of SMEs and Entrepreneurship. The taskforce is comprised of companies, and organizations from around the globe, in a wide range of industries. Represenatives include Google, Intel, Accenture, Wahlgreens, UNCTAD, OECD, World Economic Forum, Eurochambers, and Singapore Business Federation, amongst others.

SMEs represent more than sixty percent of the global workplace. The argument that SMEs will be the main driver of economic recovery across global markets is gaining momentum. Given the increasing relevance of SMEs and entrepreneurship, B20 Turkey’s SME and Entrepreneurship taskforce will focus on bottlenecks that hinder the growth of these companies.

Some issues to be discussed under this taskforce include the potential impact of new financial regulations on SME financing, internationalization of SMEs and SME integration into global value chains, developing new equity financing mechanisms for startups ranging from angel investing to crowdfunding, and enhancing win-win relationships between startups and large corporations.

Some of the topics that will be discussed during 2015 include:

How to promote SMEs integration into global value chains? What sort of barriers to be removed? What sorts of support policies required (skills development, technology)?

What types of business support organizations are useful for SMEs? What are the best practices about services provided? Can we structure a global structure for SME support and advocacy?

How to sustain family businesses after retirement of founders?

How to improve awareness about, access to, skills for digital economy at the SMEs?

How to align the the tax rules for creating an effective environment for equity distribution to salaried employees and executives?

How to structure a “G20 entrepreneur visa” for qualifying SME executives to freely travel for business and relocate in the G20 countries when setting new ventures

How to foster cross-border equity investing that will help companies to to start- and scale-up?

Is it possible to support incubation and soft landing services for entrepreneurs in G20 countries to expand cross-border?

How can we encourage  innovation eco-systems and win-win relationships between start ups and large corporations?

For more information please download the SME & Entrepreneurship Taskforce presentation here


About the B20:

The Business 20 (B20) outreach group is an influential platform bringing together business leaders from G20 economies, and advocates for critical issues for enterprises. Each year, the B20’s principal task is to facilitate exchanges between business communities from different countries and to develop consensuses around critical issues for businesses.  The B20 has been instrumental in providing links between global policymakers—including governments and relevant international institutions—and business communities around the world.

The first official business summit took place in Korean G20 Presidency in 2010, and was convened during subsequent French, Mexican, Russian, and Australian G20 presidencies. Since the first business summit, the business community has presented more than 400 recommendations to G20 leaders.

 About the G20:

The G20 was formally established on 26 September, 1999, at the Finance Ministers’ meeting of G7 (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) in the aftermath of the Asian Financial Crisis. Bringing together G20 finance ministers and central bank governors, its inaugural meeting took place on December 15-16, 1999, in Berlin. The G20 convened for the first time at the leaders’ level in Washington, D.C. on November 14-15, 2008, to respond collectively to the 2008-09 crisis in order to restore global growth, strengthen the global financial system, and reform international financial institutions.

Together, the G20 economies account for 85% of the global economy, 80% of world trade, and two-thirds of the global population. Those simple facts underline the significant potential of the G20 as a global platform to enable international economic co-operation and policy making. The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States of America, and the European Union.