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Mexican president urges G20 countries to restore economic growth, stability


10:13, February 21, 2012

LOS CABOS, Mexico, Feb. 20 (Xinhua) -- Mexican President Felipe Calderon on Monday urged G20 countries to restore economic growth and stability ahead of the G20 Summit slated for June in Los Cabos, a resort town in south-western Mexico.

"Clearly, economic stabilization should be the dominant theme, and I also know that it is the issue that in the minds of most of the G20 leaders," said Calderon in a welcome speech to the senior diplomats attending the G20 informal foreign minister meeting from Sunday to Monday.

The leaders of the G20 member countries will discuss important economic topics including seeking economic stability and structural reform to promote growth and employment, strengthening financial system and promoting financial inclusion to boost economic growth, said Calderon.

According to the President, strengthening the international financial institutions, food security and sustainable development will also be the topics of the upcoming G20 Summit.

Calderon said Mexico, which holds the G20 presidency this year, will try to enhance dialogues and cooperation not only among G20 countries, but also among non-G20 countries, international organizations, trade unions and academic institutions. "We have confidence that the Los Cabos G20 Summit will be a true success," he added.

Calderon also urged the ministers attending the meeting to " take strong measure to restore the market confidence".

"I know the vision, experiences of the ministers and deputy ministers of Foreign Affairs are important to the success of our Summit, which will solve the most important economic challenges that the human beings have ever seen, including the fragile state of the world economy," said Calderon.

The informal meeting brought together 10 foreign ministers from G20 member economies. Among them are U.S. Secretary of State Hillary Clinton, German Foreign Minister Guido Westerwelle, European Union foreign policy chief Catherine Ashton and Australian Foreign Minister Kevin Rudd.

The Chinese delegation is led by Assistant Foreign Minister Ma Zhaoxu. Mexico also invited representatives from non-G20 economies and international organizations to participate in the meeting.


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