Turkey’s deputy PM arrives in Baku for B20 Regional Consultation Forum

Turkey’s Deputy Prime Minister Ali Babacan arrived May 12 in Azerbaijan to take part in the B20 Regional Consultation Forum, to be held in Baku, the Turkish Embassy in Baku told Trend.

Currently, the Business 20 (B20) is chaired by the Union of Chambers and Commodity Exchanges of Turkey.

The forum will be held as part of the G20.

The Group of Twenty (G20) is a leading forum for discussion of global economic and financial cooperation. The G20 includes the 20 largest national economies - Argentina, Australia, Brazil, Britain, Germany, India, Indonesia, Italy, Canada, China, Mexico, Russia, Saudi Arabia, the US, Turkey, France, South Korea, Republic of South Africa, Japan and the EU.

About 85 percent of the global GDP accounts for these countries.

In 2013, Russia chaired the G20, and in 2014 it was replaced by Australia. This year Turkey is chairing the G20.

/By Trend/