Economy and trade
Advancing Global Public Investment
At the start of June, Wilton Park and Equal International convened the first of their 2-year series of events to launch their political cocreation initiative to take Global Public Investment from concept to reality.
The group delved into the role of Global Public Investment (GPI) in shaping a Global Common Good Agenda (GCGA), emphasizing its global and public dimensions. First introduced in a previous Wilton Park series to support the development and implementation of a GCGA, GPI has fast gained traction across governments, think tanks and Civil Society Organizations as a fair approach to address global public needs like climate stability, pandemic preparedness and biodiversity. GPI acts a new approach that supplements and adds to ODA, to expand development cooperation beyond national borders and raise more and better money for global outcomes through equitable contribution, needs-based benefits, and inclusive decision-making.
In outlining the need for GPI, the event shaped discourse around global commons, sustainable finance, and international development. The group delved into its financial requirements, navigating the incentives and costs associated with its adoption across different country groups. Participants discussed how to bridge the financial gap for GCGA implementation, guided by the knowledge and expertise of distinguished experts, policymakers and change-makers. To accountably raise and disburse the resources needed to equitably address global challenges, the group reflected on the defining principles of “all benefit, all contribute, all decide”. Focused on partnership, collaboration and advocacy in defining the political landscape for GPI adoption, the group identified the tools, networks and collaborations necessary to secure its place as a discussion topic across inter-governmental fora.
The second dialogue is set to take place at the end of 2023, re-convening the group to reflect on agreed actions taken to forward this revised, politically optimised value proposition.
With its home in the heart of Sussex and networks that span the globe, Wilton Park is the perfect venue for showcasing the region’s best export brands.
This July we will host the third SussExport, a unique event supporting local businesses that have their sights on global trade.
SussExport brings together local companies with senior participants from the Department for Business and Trade and Sussex brands that have successfully reached global markets. Participants will benefit from targeted advice on how and where to expand their exports, along with presentations and experiences from some of the regions’ leading businesses.
This year’s event will consider what Sussex has to offer the rest of the world, from the maritime sector to agriculture, horticulture and tourism and a growing digital and technological industry. Business and government leaders will discuss what the region’s businesses need in order to succeed internationally, and what they are already doing to create an environment for a better Sussex.