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The following article was published in our article directory on October 25, 2010.
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Barroso Proposed European Union Five Claims

Article Category: Business

Author Name: xia zihui

Group of Twenty (G20) finance ministers and central bank vice governor, deputy Conference Gyeongju in South Korea the opening 21. The next two days is the G20 Finance Ministers and Central Bank Governors Meeting. The three-day meeting of the G20 is designed to be held in Seoul next month to prepare for the summit. The meeting could reach a certain consensus on the exchange rate concern.

Held in Seoul next month's Group of Twenty (G20) summit, the EU will achieve global economic balance, reform the international financial institutions, to strengthen international financial regulation, to help developing countries develop and promote the Doha Round of trade negotiations, the five areas put forward their own ideas.

AP European Commission President Jose Manuel Barroso on the 20th, said the summit was held in Seoul coincided with a crucial period in the global economic balance, the Group of Twenty in response to the financial and economic crisis played a key role in the process, into the " After the crisis "still cooperate with each other.

Reform the international financial institutions, Barroso said the current International Monetary Fund (IMF) reform has been delayed. 1st of this month, EU finance ministers agreed that the IMF completed during the year to promote the share of reforms, emerging economies and developing countries to give more voting power, and are willing to let out in the IMF Executive Board of the two seats, with emerging economies the implementation of the rotating body, but the relevant aspects of EU countries that have not yet made sufficient concessions.

Strengthen the international financial regulation, the EU hopes that members of the Group of Twenty summit in Seoul to implement the commitments previously made.

7th of this month, the European Commission proposed a "dual track" approach to taxation of financial institutions to meet the increasing public revenue and the purpose of maintaining financial market stability. Under this proposal, the EU will levy financial activities in the territory of tax, that is, the profitability of financial institutions and pay some taxes; and at the global level, the European Commission advocated the financial transaction tax levied, that is a financial institution for each transaction tax, and to use these revenues for development assistance and global issues such as climate change, to provide financial support.

In development assistance, the EU wants to emerging economies into a framework of international development assistance to, thus enhancing coordination among countries and to ensure that the important principles of development aid to follow.

Trade issues, the EU and South Korea recently signed a free trade agreement to encourage the parties to seize the opportunity to promote the early conclusion of WTO Doha Round negotiations.

Group of Twenty (G20) finance ministers and central bank vice governor, deputy Conference Gyeongju in South Korea the opening 21. The next two days is the G20 Finance Ministers and Central Bank Governors Meeting. The three-day meeting of the G20 is designed to be held in Seoul next month to prepare for the summit. The meeting could reach a certain consensus on the exchange rate concern.

Held in Seoul next month's Group of Twenty (G20) summit, the EU will achieve global economic balance, reform the international financial institutions, to strengthen international financial regulation, to help developing countries develop and promote the Doha Round of trade negotiations, the five areas put forward their own ideas.

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