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Business leaders convene for B20 Summit, exploring solutions for sustainable development

China

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China

Business leaders convene for B20 Summit, exploring solutions for sustainable development

2024-10-27 16:35 Last Updated At:17:07

Business representatives from G20 nations and guest countries convened Thursday for the B20 Summit in Sao Paulo, Brazil, exploring practical solutions for sustainable development and economic stability ahead of the upcoming G20 Leaders' Summit in November.

The B20 is the body that brings together the business community from the G20 nations and gives them a forum to discuss common objectives and views.

As the G20 Leaders' Summit draws closer, different stakeholders have been promoting discussions and issuing documents to bring their positions to the negotiating table. The B20 is one of these forums, bringing together representatives from the business communities of the member nations, along with other international guests.

Themed "Inclusive Growth for a Sustainable Future", the two-day B20 Summit attracted more than 1,000 participants.

One of Brazil's key diplomatic officials in organizing the summit stated during the business event that public authorities were working to strengthen collaboration with the private sector.

"Six or seven of the ministerial declarations in different areas of the G20 specifically reference these recommendations received from civil society, particularly from the B20. This shows that efforts to improve the communication channels have been successful," said Felipe Hees, Sous Sherpa of G20 Brazil.

The recommendations laid out by the B20 focus on fostering a fair energy transition, leveraging global trade to enhance sustainability, and boosting education and training systems to meet the demands of a changing job market.

"I would say that the fundamental topics of the B20 align with the priorities of the G20. These are the major issues of today; decarbonization, digitalization, and food security," said Dan Ioschpe, chairman of B20 Brazil.

Business leaders worked to push for their recommendations to be seriously considered by G20 leaders, hoping to influence global economic policies and promote their vision of sustainable growth.

The president of Brazil's National Confederation of Industries (CNI) said their recommendations aim to foster sustainable and inclusive growth.

"We sought to focus on a few recommendations -- those with common ground -- because we need to get used to, in every activity, whether in Brazil or in the public or private sector, valuing what converges. We have a tendency to value what diverges," said Ricardo Alban, president of the CNI.

Business leaders convene for B20 Summit, exploring solutions for sustainable development

Business leaders convene for B20 Summit, exploring solutions for sustainable development

China is willing to provide humanitarian assistance to Cambodia to help resettle displaced people in border areas, Chinese Foreign Minister Wang Yi said on Sunday in Yuxi, southwest China's Yunnan Province.

Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during a meeting with Prak Sokhonn, Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation.

Following the signing of a joint statement agreeing to a ceasefire, the Cambodian and Thai foreign ministers are leading delegations meeting in Yunnan from Dec. 28 to 29 at Wang's invitation.

China has been closely following the tense situation on the Cambodia-Thailand border and remains committed to facilitating peace through talks, Wang said, adding that China congratulates both sides on reaching a ceasefire agreement.

The ceasefire marks the beginning of peacebuilding, Wang said, calling on the two sides to proceed in a phased and measured approach to promote a comprehensive and lasting ceasefire, restore normal interactions, rebuild mutual trust, achieve turnaround in bilateral relations, and uphold peace and stability in the region.

He said that both countries can make good use of this face-to-face opportunity for diplomatic and military representatives to engage in dialogue and communication in a flexible manner, enhance mutual understanding, and build mutual trust. He also expressed hope that all sides would jointly send a message of peace from Yunnan, reach a consensus on peace, and demonstrate prospects for peace.

China supports ASEAN in playing its due role and stands ready to provide assistance to the ASEAN observation mission in monitoring the ceasefire, Wang said.

He added that China also hopes Cambodia will continue to enhance protection for Chinese citizens and projects in the country.

Cambodia highly values China's positive role in mediating the conflict, said Prak Sokhonn, citing the informal tea gathering among the foreign ministers of Cambodia, China and Thailand in Anning, Yunnan Province, as well as shuttle diplomacy conducted by China's special envoy.

Thanks to the joint efforts of China and other parties, Cambodia and Thailand were able to convene a meeting of the Joint Boundary Commission, and their militaries signed a ceasefire agreement, he said.

Sokhonn said Cambodia is ready to work with Thailand to fully implement the ceasefire agreement, make full use of existing dialogue mechanisms, and steadily build mutual trust between the two countries and their armed forces.

These steps, he noted, are vital to restoring bilateral exchanges, normalizing relations, and resolving the boundary issue at an early date.

Cambodia hopes for the early arrival of peace and expects the trilateral meeting to help rebuild lasting stability, he said.

The two sides also exchanged views on China-Cambodia relations, agreeing that under the strategic guidance of the leaders of the two countries, positive progress has been made in building an all-weather Cambodia-China community with a shared future in the new era.

The Cambodian side expressed gratitude for China's support and assistance to its development, describing China as its most reliable and trusted partner. It reaffirmed its adherence to the one-China principle, its opposition to Taiwan secessionism, and its support for China's reunification cause.

China will deliver humanitarian aid to Cambodia for displaced people along border: Chinese FM

China will deliver humanitarian aid to Cambodia for displaced people along border: Chinese FM

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