Putin praises G20 achievements, sets goals for upcomingsummit
( Xinhua) 08:20, August 29, 2013 MOSCOW, Aug. 28 -- While global economy remains at risk, Moscow intends to ensuresustainable, inclusive growth as a common goal for the Group of Twenty (G20), PresidentVladimir Putin said Wednesday.
"Russian G20 Presidency is on the verge of entering its most important stage, which is theleaders' summit to be convened on Sept. 5-6 in St. Petersburg," Putin said in his addresspublished on the Kremlin website.
Putin expressed his hope that G20 could find a joint solution for capital markets'development on global and national levels, strengthen multilateral trade and energymarkets stability, as well as fight corruption.
According to Putin, during this year the G20 made progress in implementing theframework for strong, sustainable and balanced growth, job creation, the internationalfinancial system reform, and strengthening of the multilateral trade.
"The G20-drafted joint Action Plan on Base Erosion and Profit Shifting can be by all meansconsidered the most prominent step towards modernization and coordination of ourcountries'tax policies in 100 years," Putin said.
He mentioned Russia's initiative to hold a joint meeting of financial and labor ministers ofG20 members.
"Since the very beginning of Russia's G20 Presidency, we have identified fosteringeconomic growth and job creation as our primary objectives," Putin reminded.
He added that the important decisions would be made in St. Petersburg to stimulateinvestment and a roadmap for long-term investment financing has been developed alongwith principles for institutional investors.
"We plan to finalize decisions for promoting capital markets development, establishingmore efficient financial regulation and infrastructure both globally and nationally,strengthening the multilateral trade system, enhancing energy and commodity marketssustainability, and fighting corruption," Putin added.h St. Petersburg Development Outlookhas been prepared to reflect the G20 priorities in assisting low-income countries andensuring food security, financial inclusion, development of infrastructure and humancapital, as well as mobilizing domestic resources.
Putin expressed his belief that the upcoming summit in St. Petersburg will confirm theG20's role as an efficient mechanism for coordinating the world's leading economies'approaches to global economy and finance.
"We anticipate further progress in consolidating our efforts to tackle the challenges we faceand move further towards strong, balanced and inclusive growth, and sustainabledevelopment, and most importantly, towards our principal objective of better quality of lifefor the people," Putin concluded.
This year marks the fifth anniversary of the G20 establishment.
（Editor：YaoChun、Zhang Qian）
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