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Posts Tagged ‘gathers’

G8 summit gathers amid budget cut row

In Uncategorized on June 25, 2010 at 4:40 pm

TORONTO, Canada, June 25, 2010 (AFP) – The United States urged Europe to reform its economies to raise growth as world leaders gathered for a summit Friday, amid tension over US warnings about the global recovery.

The United States has expressed concern about the speed at which European nations, particularly Germany, are withdrawing state spending put in place after global financial crisis and economic downturn.

US Treasury Secretary Tim Geithner said: “Our job is to make sure we’re all sitting there together to focus on this challenge of growth and confidence because growth and confidence are paramount.”

Geithner played down America’s differences with Europe telling the BBC the two sides “have much more in common than we have differences.”

He said the summit offered US leaders “the chance to sit together and look at whether we’ve got a broad strategy across the country that’s going to strengthen this recovery.”

Europe “can make a choice to put in place the reforms and policies that will provide the possibility of stronger growth rates in the future,” he said, as thousands of officials, journalists and activists descended on eastern Ontario province.

The talks among the Group of Eight leading countries here were also to tackle global security and development, amid calls to deliver on past promises.

A mountie holding a Canadian flag stands guard as German Chancellor Angela Merkel steps off her plane after arriving at the airport of Toronto on June 24, 2010. AFP

Budget cuts have become a pressing issue in Europe since the Greek debt crisis, and because of risks that similar problems could arise in other eurozone countries.

US officials have argued that unduly rapid and deep budget cuts could endanger global economic recovery and even provoke a so-called double-dip recession.

German Chancellor Angela Merkel has argued however that the German model of deficit cutting and disciplined public finances, and a focus on economic efficiency, is the one to be followed.

“I think that there will be very fruitful, but also very contentious, debates on this issue,” Merkel acknowledged.

Geithner said: “Everyone agrees that those deficits have to come down over time to a level that’s sustainable,” he said. But he warned the world “cannot depend as much on the US as it did in the past.”

The treasury secretary’s remarks appeared to put the emphasis on structural economic reforms in Europe.

He said economic growth is of “paramount” importance, as leaders from the G8 richest nations gather under a tight security blanket at an exclusive resort in remote Huntsville, Muskoka, about 220 kilometers (140 miles) north of Toronto.

European Union president Herman Van Rompuy told journalists the key themes of the G8 talks were “growth and confidence,” with the leaders first set to hold a working lunch to discuss the world economy.

“The global recovery is progressing better than previously envisioned, although at different speeds,” Rompuy said.

“Restoring confidence in budgetary policies goes hand in hand with growth strategies.”

After the conclusion of Friday’s gathering, officials were to attend a second summit on Saturday and Sunday as the Group of 20 developed and emerging nations convene, with 20,000 police deployed for a huge billion-dollar security operation.

For the first time the leaders are publishing figures in a bid to “provide a candid assessment on what the G8 has done,” they said in a report.

The so-called Muskoka Accountability Report lists country by country the pledges each nation has made since 2002 in key areas such as aid, economic development, health and food security and how far they have met them.

“In some areas, the G8 can point to considerable success; in others it has further to go to deliver fully on its promises,” the report says.

US President Barack Obama said he was calling for “a new era of engagement that yields real results for our people — an era when nations live up to their responsibilities and act on behalf of our shared security and prosperity.”

British Prime Minister David Cameron, making his first appearance at a major summit since taking power last month, also suggested such meetings rarely resulted in “tangible global action.”

“Too often these international meetings fail to live up to the hype and to the promises made,” he wrote in an editorial in Canada’s daily Globe and Mail.

“So the challenge for the upcoming G8 and G20 is to be more than just grand talking shops.”

The leaders of six African nations will also join G8 heads for Friday’s talks focused on helping the continent fight terrorism and achieving millennium goals to battle poverty.

Source: SGGP

Paris forum gathers Vietnamese businesspeople worldwide

In Uncategorized on November 17, 2008 at 12:34 pm

A forum designed to bring together Vietnamese entrepreneurs from all parts of the world took place for the first time in Paris , France , from Nov. 14-15.

More than 300 Vietnamese businesspeople from Europe, North America and Vietnam attended the forum, which is initiated by Vietnamese entrepreneurs in France and Switzerland .

Speaking at the event, Deputy Foreign Minister Nguyen Thanh Son praised the important role played by overseas Vietnamese as well as foreign friends, agencies and businesses in fostering Vietnam’s investment, trade, financial and banking relations with the international community.

Vietnamese businesspeople living abroad are one of the important sources of strength that help to advance the country’s national construction and development, and improve Vietnam’s position in the international arena, he said.

Son, who is also chairman of the State Committee for Overseas Vietnamese, told the participants that the Prime Minister recently decided to establish an association of overseas Vietnamese businesspeople, and that the group will begin operations soon.

The deputy minister called on all Vietnamese entrepreneurs, intellectuals, economic experts and scientists who are residing abroad to join the group in order to help build Vietnam into a rich and strong nation.

At the forum, the delegates discussed a wide range of issues regarding the country’s opportunities and challenges in the context of globalisation and world financial crisis.

They also exchanged views on business directions for the years to come, focusing on new technologies and markets, banking and finance, energy and sustainable development, import-export, education-training, health and the environment, outsourcing and technology transfer.

Other issues, including investment opportunities offered by the equitisation process in Vietnam and the property rights of businesspeople of Vietnamese origin, were also tabled for discussion.

The forum was organised with help from the Ile de France region’s council, the Paris Chamber of Commerce and Industry and the Vietnam Chamber of Commerce and Industry.

Pham Gia Huyen, head of the organising board and president of the France-based business club CDVF, affirmed that the forum will be held annually from now on, following the success of the first gathering.-