NSW and the 2014 G20

10 November 2014

2014 G20 logo

As Australia's biggest and most globally connected economy NSW has played a significant part in the nation's success as the G20 host nation in 2014.

The Group of 20 (G20) comprises some of the world's largest economies and most populous nations. G20 members represent some 85% of global gross domestic product, about 75% of global trade and two thirds of the world's population.

Australia is part of the G20 and is hosting a series of G20 events in 2014, including the Leaders' Summit on 14 and 15 November.

Why the G20 is important for NSW

Australia's role as G20 host country in 2014 is a significant opportunity for Government to engage with other major global economies, build new and existing trade/investment links and work together to support global economic growth. Seven of the G20 economies are priority markets for NSW: Japan, the US, UK, Republic of Korea, China, Indonesia and India.

The NSW Government's International Engagement Strategy guides our work in these and other markets, to promote NSW industry capabilities, support NSW exporters and attract investment to our state.

For example, NSW Trade & Investment has a growing, global network of trade and investment offices that work with NSW exporters, investors and overseas buyers to attract investment and generate jobs.

NSW Government's role in the G20

As the nation's biggest and most globally connected economy NSW has played a significant part in Australia's success as the G20 host nation in 2014.

Sydney, Australia's financial and economic capital, played host this year to G20 Finance Ministers' and Central Bank Governors' meetings as part of the G20 agenda, and also hosted the B20 Business Leaders' Summit in July.

The NSW Government, through NSW Trade & Investment, will be present at the G20 Leaders Summit on 15/16 November, to promote the benefits of doing business with NSW to the more than 2,300 international media attending the Summit.