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Global economy on top of the G20 Summit agenda

This year's meeting of G20 leaders will take place in St Petersburg, Russia on 5-6 September. The main topics for discussion will be the global economy and the fight against tax avoidance and tax evasion worldwide.

<p>© G20 official logo</p>

© G20 official logo

Before leaving for the G20 Summit, President Herman Van Rompuy said: "The European Union enters this summit in a much better economic shape than a year ago in Los Cabos. Our strategy for combating the crisis is bearing fruits but we will relentlessly continue our efforts as risks and challenges remain. The economic crisis has further stressed the need for all to pay their fair share of taxes. In St Petersburg, the European Union will seek to advance in the fight against tax evasion and ensure the widest possible backing for automatic sharing of tax information."

On 23 July, European Council President Herman Van Rompuy and European Commission President José Manuel Barroso published a joint letter informing the 28 EU heads of state or government about the key issues. They called on fellow G20 leaders to unite around a common purpose to improve global confidence, remain vigilant and proactive to support the global recovery, and find the way to strong, balanced, sustainable and inclusive growth.

On the main priorities of the summit, they stressed that

  • growth and employment need to be at the top of the G20 agenda,
  • financial reform needs to be completed,
  • more work needs to be done to combat tax avoidance and evasion, and
  • the reform of the international financial architecture needs to be completed and progress made in relation to development, energy, and the fight against corruption.

They emphasised the action already taken by the EU in these areas and set out their views on what the G20 should do to make further progress in all of them.

The Presidents of the European Council and of the European Commission represent the EU in the G20 leaders' process established in 2008 after a joint EU-US initiative. The European Union is a full member of the G20.

 

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