Australia is a founding member of the Group of Twenty (G20), a key forum for international economic cooperation. The G20 consists of 19 countries and the European Union, representing around 85 per cent of global GDP, more than 75 per cent of global trade and almost two-thirds of the world's population.
The G20 played a key role in responding to the GFC of 2008-2009. The decisive and coordinated actions of the G20 boosted consumer and business confidence and supported the first stages of economic recovery. The G20 continues to focus on measures to support global economic growth, with a strong emphasis on promoting job creation and open trade.
Australia takes over the presidency of the G20 on 1 December 2013 from Russia, and Turkey will succeed Australia in 2015. The G20 leader's summit in 2014 will be held on 15 and 16 November in Brisbane, Queensland. Hosting the G20 in 2014 gives Australia a valuable opportunity to influence the economic policies of the major economies of the world and contribute to a healthy global economy.
| G20 members | |||
|---|---|---|---|
| Argentina | European Union | Italy | Saudi Arabia |
| Australia | France | Japan | South Africa |
| Brazil | Germany | Mexico | Turkey |
| Canada | India | Republic of Korea | United Kingdom |
| China | Indonesia | Russian Federation | United States |
G20 Australia 2014 Facebook page: www.facebook.com/G20Australia2014
Official G20 website: www.g20.org
For more information see:
www.dfat.gov.au/trade/g20/,
www.dpmc.gov.au/g20/index.cfm
G20 in the world
