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G-20 Leaders’ Summit Brisbane Queensland Australia

The G-20 Leaders’ Summit in 2014 will be held on 15 and 16 November in Brisbane, Queensland. The principal meeting venue will be the Brisbane Convention and Exhibition Centre, and as many as 4,000 delegates and 3,000 media representatives are expected to attend.

Friday 14 November 2014 will be a public holiday for people who work in the Brisbane local government area. The G20 summit will put the city and its businesses at the centre of world events, providing important opportunities to promote tourism, build international networks and highlight the best of what Brisbane Queensland has to offer.

 

 

The Leaders’ Summit is the most important event in the G20 year. The summit provides a valuable opportunity for leaders to discuss a wide range of global economic issues and to use their collective power to improve people’s lives. The summit is informed by the policy discussions held throughout the year. At the end of the summit, leaders release a communiqué which outlines the G20 policy discussions and commitments.

European leaders expressed their desire to support the recovery as the global economy moves beyond the global financial crisis. European Commission President Barroso and European Council President Van Rompuy stressed the importance of coordinated growth strategies as well as finalising agreements on core financial reforms, and actions on tax and anti-corruption.

According to Waheguru Pal Singh Sidhu the main objectives of the summit are to “provide strategic priority for growth, financial rebalancing and emerging economies, investment and infrastructure, and employment and labour mobility”. Professor of international finance law at the University of New South Wales Ross Buckley suggested that the summit should emphasise the implementation of existing strategies rather than seeking agreement towards reforms.

Climate change has been removed as a subject for discussion at the summit; Prime Minister Tony Abbott stated he did not want the agenda “cluttered” by subjects that would distract from economic growth. Officials from the European Union and United States of America are reported to be unhappy with this decision. At each of the previous summits climate change was included on the agenda.

Australian media says that Australia will have a significant effect on the agenda. Mike Callaghan, the director of the G20 Studies Centre at the Lowy Institute for International Policy has stated that if the G20 meeting is to attain significant outcomes it should focus on boosting infrastructure spending, multilateral trading systems and combating both tax avoidance and profit shifting.

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