G20 S G20 Summits substance behind i b b hi d the rhetoric? the - PowerPoint PPT Presentation

G20 S G20 Summits ‐ substance behind i b b hi d the rhetoric? the rhetoric? Mik C ll Mike Callaghan h 4 AUGUST 2014 4 AUGUST 2014 1

The St Petersburg Summit 2013 g 2

G20 Engagement Groups g g p 3

APEC Leaders Meeting g 2007 Sydney lockdown 4

APEC Leaders 2007 What does $250 million security buy you? you? 5

APEC L APEC Leaders 2007 d 2007 Do they still have the coats? Do they still have the coats? 6

THERE WILL BE PROTESTS IN THERE WILL BE PROTESTS IN BRISBANE BRISBANE 7

G20 Finance Ministers Meeting G20 Finance Ministers Meeting 2006 8

Toronto Summit 2009 Toronto Summit 2009 9

B i b Brisbane G20 summit 2014 G20 it 2014 Will it be worth it? Will it be worth it? 10

An integrated world ‘The breakneck pattern of integration and interconnectedness defines our and interconnectedness defines our times’ Christine Lagarde, IMF Managing Director g g g 11

The spirit of cooperation 12

It’s the economy stupid 13

What to expect from the Brisbane What to expect from the Brisbane Summit? Growth; Infrastructure; Trade; Tax; Financial Regulation 14

Going for Growth ‐ Australia Going for Growth Australia Boost business ‐ research • collaboration ll b Improve efficiency of tax system • Enhance capacity and regulation of • infrastructure Reform child care • Promote FDI, ease stringency of • screening i 15

Will th Will the growth strategies be th t t i b implemented? implemented? 16

Trade Trade • Put trade at the centre of the G20 growth strategy gy • Provide political strategic direction for the P id li i l i di i f h future of the multilateral trading system and WTO in a post ‐ Doha world 17

Tax Tax • Continue the momentum with BEPS • But be strategic – look at the future and But be strategic look at the future and whether black letter law will always have to play catch up to technology and globally play catch up to technology and globally operating businesses • Focus on the power of transparency and the interests of developing countries interests of developing countries 18

Will Putin come? Will Putin come? 19