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Stay up to date with the latest news and announcements during Australia’s host year.

News
15 Nov 2014 - 1:30pm
Spouses of G20 leaders had a close encounter with Australian wildlife.
Transcript External
15 Nov 2014 - 12:15pm
Australia's Treasurer Joe Hockey, statement at G20 Finance Ministers meeting, Brisbane
Transcript
15 Nov 2014 - 9:30am
Australia's Treasurer Joe Hockey, opening remarks at Finance Ministers' meeting, Brisbane
Transcript
15 Nov 2014 - 9:00am
Good morning, ladies and gentlemen. This is my first G20 meeting as President of the European Commission, and at the very same time the last G20 Summit of my good friend Herman Van Rompuy. I would like to touch briefly on three main topics President Van Rompuy and myself will address later today. Firstly, investment. We come here today against the backdrop of what we can only describe as a modest economic recovery. Global GDP growth is slower than expected and growth in Europe is lower than we did hope for. We have to do more to kickstart and sustain economic recovery. We each need to do our part and it is good that in July the G20 members were able to put forward growth strategies.
News
15 Nov 2014 - 12:00am
The final 2014 meetings of the L20 and B20 in Brisbane this week marked the end of a year of productive engagement between the G20 and its partners from business and the community.
Transcript
14 Nov 2014 - 9:15pm
My name is Josh Zwar and I'm the co-chair of this year's Y20. Joining me this afternoon is Holly Ransom, the co-chair of the Y20, and Tim Cameron. Tim’s an Australian delegate to this year's Y20. The Y20 is one of the G20's five official engagement groups and we are charged with representing the views of young people under 30. The Y20 has been a part of the G20 process now for the last five years, as leaders recognise the importance of engaging a growing and global youth population. Young people under 30 now make up half of the world's population. But the need to engage youth is even more stark in the context of a global financial crisis and a weak global recovery that has hit young people particularly hard. Youth unemployment rates spiked in 2008 and have not fallen as we would have expected – at great cost to individuals and their economies.
Transcript
14 Nov 2014 - 9:00pm
Good afternoon, ladies and gentlemen and thank you all for being here. The G20 Summit comes at a key moment for the multilateral trading system. From the outset, I must compliment Prime Minister Abbott for the focus that he has put on trade during the presidency of Australia. Trade, as we all know, is a key driver of economic growth, jobs, development, and the multilateral trading system underpins all of this. I have called this press conference today because we have heard good news in recent days that may help unblock the negotiating impasse that we have been experiencing since July.
Transcript External
14 Nov 2014 - 6:30pm
Thank you for the warm introduction. In turn, let me welcome you to the beautiful city of Brisbane. It's a pleasure to be here today to talk about how the idea of 'rebuilding economies, jobs and wages' influenced the G20 agenda this year. Nine months ago, when I first met with G20 Finance Ministers and Central Bank Governors in Sydney, the notion of 'rebuilding the economy' was at the forefront of our minds. And it continues to be.
Transcript
14 Nov 2014 - 5:15pm
To brief you on where we are on the tax front, as you know this will be an item actually pretty high on the agenda of the leader's meeting tomorrow, and on Sunday. So I just wanted to give you some background on what has been done, where we are, what it means, what the challenges are. I'm happy to answer any question you may have. So, you will remember that last year in St Petersburg, the leaders agreed a couple of things on tax. One of them was to develop a standard for automatic exchange of information. And second, they endorsed a BEPS action plan which was presented to them by the OECD BEPS – meaning base erosion and profit shifting - which is the issue of tax avoidance by multinationals, and the loopholes in the international tax framework which facilitates the shifting of profits to no tax jurisdiction where no activities are carried out. Where do we stand after one year?
Transcript
14 Nov 2014 - 3:00pm
The world has moved forward since the financial crisis of 2008, but our societies are now going through fundamental structural changes that put our future prosperity at risk. Global economic power is shifting. Populations around the world are ageing. There is a potential mismatch between economic activity, social needs and the supply of skilled labour. Global economic growth is weak and unemployment remains stubbornly high.

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