October 7, 2022

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Global Alliance of Federations and Business – GBC Business Group

The Global Alliance of Federations and Business – GBC Business Group was established in response to the United Nations Conference on Trade and Development (UNCTAD) which called for a global alliance between public and private sector organizations engaged in trade and investment activities. With this alliance, the World Trade Organization is partnering with national governments, international organizations from different regions of the world, as well as private sector companies to promote sustainable development in economies worldwide. The GBC Business Group’s mission statement is: “to help build strong economies by promoting trade opportunities across sectors”. This is accomplished by supporting their partner’s efforts through meetings, knowledge sharing in a broad range of areas including finance, advocacy and policy development among other things. The GBC Business Group is currently in partnership with the United Nations Economic Commission for Europe.

In order to accomplish its mission, the GBC Business Group focuses on three core areas: advocacy, policy development and knowledge sharing. The GBC Business Group is made up of member organizations that are representatives of international financial institutions like the World Bank, regional development banks and government agencies like the European Commission. It also includes private sector companies that are involved in finance. It’s important to note here that membership alone does not grant access to all of their programs or services; they have become members as a way to support their mission statement and gain access to other member’s knowledge and activities. The GBC Business Group is a group of organizations that have come together in a way to form the “partner community” for the World Trade Organization. These organizations provide more than 80% of GDP and employ more than half the people in their respective countries. They represent more than 190 countries where they collectively provide economic opportunity to over 1.9 billion people by promoting trade and investment throughout their countries.

They do

GBC fosters business in the global community by providing opportunities for the private sector to contribute to economic growth both domestically and internationally. It does this by providing information, knowledge sharing, advocacy on behalf of its members as well as direct business opportunities with people in countries around the world.

GBC’s members

GBC members include national, regional and international organizations in a wide range of economic sectors, private sector firms and foundations that are engaged in trade and business related activity.

Purpose of the GBC Business Group

The purpose of the Global Alliance of Federations and Business – GBC Business Group is to help build strong economies by promoting trade opportunities across sectors, including facilitating discussions on policy development for the sustainability of their respective economies.

GBC open to all businesses

Yes, GBC accepts businesses from a wide range of sectors and private sector companies are welcome to join. To join the GBC Business Group you can send an email to the Business Group’s secretariat at [email protected]

GBC meet

GBC meets twice a year – January and May. Since there are 32 member countries involved in the group, it usually takes about 6 months for a country to become an active member of the GBC. Each meeting is different in regards to topics discussed and where they are held – all sites are listed on the website. The GBC Business Group is managed by a Secretariat that works together with its “Partner Community” to fulfill its mission of promoting trade opportunities for businesses worldwide. The Secretariat is made up of a Secretary General, five Deputy Secretaries General (one each for Africa, Asia Pacific, Europe and North America) as well as an Operations Manager and Program Manager who are on staff at UNECA. The GBC Business Group is governed by a Steering Committee that is composed of nine members including the Secretary General, Deputy Secretaries General, Operations Manager and Program Manager. The committee meets on a quarterly basis in Geneva, Switzerland to review the GBC Business Group’s work and map out future programs.

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Membership

Businesses do not pay for joining the group; it is a free membership site. Companies can benefit from this international network by enhancing their business relationships with other companies as well as accessing useful information and knowledge from various sources at no charge.

Conclusion

This is a unique alliance between public and private sector organizations engaged in trade and investment activities, of which the private sector brings expertise. The mission of the GBC Business Group is to help build strong economies by promoting trade opportunities across sectors. This is accomplished by supporting their partner’s efforts through knowledge sharing, advocacy and policy development among other things.