Cannes, France – location of the G20 Summit
© Fotolia
The European Union can take a number of measures in its external relations that can contribute to boosting its growth potential, agreed the Heads of State and Government at the European Council on 23 October.
Renewed emphasis should be given to bilateral and regional agreements, particularly with strategic partners. The Union should foster closer economic ties with its neighbouring regions. It should develop a comprehensive investment policy and ensure bigger coherence between the external aspects of sectoral policies such as energy, transport and visas, within the overall balance of its economic interests and foreign policy objectives.
The Commission was invited to report on progress by spring 2012.
Union´s message to G20 summit in Cannes
The G20 summit in Cannes on 3-4 November should approve an ambitious action plan with specific commitments and measures by all 20…
Cannes, France – location of the G20 Summit
© Fotolia
The European Union can take a number of measures in its external relations that can contribute to boosting its growth potential, agreed the Heads of State and Government at the European Council on 23 October.
Renewed emphasis should be given to bilateral and regional agreements, particularly with strategic partners. The Union should foster closer economic ties with its neighbouring regions. It should develop a comprehensive investment policy and ensure bigger coherence between the external aspects of sectoral policies such as energy, transport and visas, within the overall balance of its economic interests and foreign policy objectives.
The Commission was invited to report on progress by spring 2012.
Union´s message to G20 summit in Cannes
The G20 summit in Cannes on 3-4 November should approve an ambitious action plan with specific commitments and measures by all 20 participants to respond to the serious challenges emanating from economic slowdown and to ensure strong, sustainable and balanced growth while implementing fiscal consolidation, stated the Heads of State and Government of the EU.
The EU wishes that the Cannes Summit achieves real progress on several fronts:
- a reform of the international monetary system, in particular by reinforcing surveillance and crisis management tools and better coordinating economic and monetary policies;
- strengthening the regulation and supervision of the financial sector;
- tackling the excessive volatility of commodity prices;
- promoting global recovery and growth by supporting an active WTO negotiating agenda, including for the least developed countries; and
- combating climate change.
More information:
Council conclusions (pdf)
