The G20 Summit is the world’s premier forum for global economic co-operation and decision making, bringing together leaders and finance ministers from countries which account for more than 85% of global economic output.
Australian Prime Minister Julia Gillard declared Brisbane a world class city worthy of hosting the leaders of the United States, Great Britain, Russia, China and other nations, saying Brisbane was the ‘stand out city’ to host the leaders of the world’s biggest economies.
“Brisbane is a snapshot of our economy and the city’s logistics are excellent” the Prime Minister said in her announcement, citing the world class facilities of the Brisbane Convention & Exhibition Centre and the Brisbane Airport as major factors in the selection process.
She said Brisbane’s Convention Centre was ‘a fantastic facility’ and the airport well positioned to deal with the arrival of so many world leaders in a compressed time frame.
With trade and labour conferences to precede the G20 conference, about 7,000 people are expected to attend including 3,000 accredited media.
Joining the international leaders will be key officials from the United Nations, the World Bank, the World Trade Organisation and the International Monetary Fund.
An independent study of the Seoul G20 in 2010 found South Korea enjoyed economic benefits of about $20 billion including new infrastructure, accommodation, global tourism promotions and awareness as well as additional conferences being booked before and after the Summit.
Brisbane Convention & Exhibition Centre General Manager, Bob O’Keeffe said the hosting of the G20 Leaders Summit would place Brisbane at the centre of world events.
“This is a unique opportunity to showcase Brisbane’s credentials as an international business destination as well as the world class facilities of the Convention Centre and the city’s infrastructure.” Both the Centre and Brisbane, he said, have a history of hosting large scale international events.
Members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States and the European Union.
The Russian city of St Petersburg will host the G20 in 2013.