The G20 is the premier multilateral platform for global economic and financial issues. It has a rotating presidency, and this year, Japan is the president of the G20. In that role, it is hosting a number of meetings with government officials (G20), business leaders (B20) and experts from think tanks (T20).
The T20 is an official sub-forum of the G20 process, responsible for contributing ideas and research to the G20 on global economic issues.
Think-20 (T20) was first initiated by the Mexican presidency in 2012 and has been continued by subsequent G20 presidencies. It serves as an “ideas bank” for the G20 by organizing the analysis of global think tanks and high-level experts on relevant international economic issues. Think-20 recommendations are synthesized into policy briefs and presented to G20 working groups, ministerial committees and leaders’ summits to help the G20 deliver concrete policy measures.
The Asian Development Bank Institute (ADBI), Institute for International Monetary Affairs (IIMA) and The Japan Institute of International Affairs (JIIA) have been appointed by the Japanese government to lead the think tank activities for the presidency year. They have also roped in other Japanese think tanks and academic institutions into the official T20 process.
This meeting is in partnership with Konrad Adenauer Stiftung (KAS), Mahindra & Mahindra Limited, EXIM Bank of India, MUFG Bank, and Council for Global Problem-Solving (CGP).
The Think20 Inception Conference held on December 4-5, 2018 in Tokyo, Japan, kicked off the research process for the leading think tanks that work on issues of global economic governance. Their efforts will culminate in the T20 Summit to be held in Tokyo in May 2019.
Gateway House will host the Think 20 roundtable in Mumbai in collaboration with these officially designated Japanese T20 think tanks. This is the only meeting that will be held outside Japan in 2019. This roundtable is a T20 Japan associated event.
Gateway House has hosted T20 meetings during the 2018 Argentine presidency, the 2017 German presidency, the 2016 Chinese presidency, and the 2015 Turkish presidency of the G20. These meetings brought together experts from think tanks working international economic governance and foreign economic policy issues, business leaders and relevant government officials from India and the G20 countries to Mumbai.
For Gateway House, the meetings were the outcome of an institutional focus on geoeconomics as well as on-going research on international economic relations and global financial architecture.
This meeting in Mumbai is an important indicator of the intellectual partnership and shared research objectives between Japanese and Indian think tanks, while presenting an opportunity to bring up new ideas and deliver concrete policy suggestions that can help Japan achieve its vision for G20 in 2019. It will focus on examining how the global financial system can be aligned with the sustainable goals, rise of fintech, needs of the small and medium enterprises, and geopolitical challenges to globalisation.