G20: Turkish Presidency Debate
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Main Page: Lord Balfe (Conservative - Life peer)Department Debates - View all Lord Balfe's debates with the Foreign, Commonwealth & Development Office
(9 years, 8 months ago)
Lords Chamber
To ask Her Majesty’s Government what steps they are taking to support the main aims of the Turkish Presidency of the G20 in 2015.
My Lords, we support the Turkish presidency’s priorities of inclusiveness, implementation and investment, and particularly welcome the focus on the implementation of previous G20 commitments. We are liaising closely with the Turkish presidency, and are actively involved in all the G20 working groups, including co-chairing the Energy Sustainability Working Group. A UK official is seconded directly to support the Turkish G20 presidency team.
I thank the Minister for her reply. As she says, the Turkish presidency is founded on the three “i”s of inclusiveness, implementation and investment, and these aim to ensure that the benefits of growth and prosperity are shared. Indeed, it has been estimated that if all the plans already endorsed by the G8 were carried out, some 2% would be added to the world’s GDP. Can the Minister outline how the Government will work to help the Turkish presidency achieve these aims?
My Lords, we are at the forefront of implementing a series of commitments. For example, on anti-corruption the UK Anti-Corruption Plan published in December 2014 clearly sets out more than 60 actions for tackling corruption domestically and internationally. My second example is the automatic exchange of tax information, of which the UK is an early implementer, with the first exchange expected in 2017.