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Crop Biotech Update

G20's Commitment to Restore Global Growth

November 11, 2011

At the conclusion of the meeting of the leaders of G20 countries, a package of measures were set and agreed to implement to restore the global growth, increase employment and regulate financial market. These measures include commitments to balance budgets and improve domestic economies; increase efforts to reduce long-term unemployment and the effects of globalization on workers; more cooperation on reducing trade barriers and avoiding protectionism; and better regulation of derivatives trading and reducing the risk of bank failures, among others.

On poverty reduction, the G20 leaders urged governments to follow through on their commitments on development aid, food security and climate change. These can be used to fund more agricultural research and stabilize food prices for low income countries.

The package of measures and the article can be viewed at  http://ec.europa.eu/news/external_relations/111107_en.htm. Documents at http://www.g20.org/Documents2011/11/Cannes%20Action%20plan%204%20November%202011.pdf