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Vladimir Putin: G8 remains important mechanism to coordinate leading countries' positions

June 18, 2013, 19:55 UTC+3

The participants agreed to take joint measures to step up international trade

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LOUGH ERNE /Northern Ireland/, June 18 (Itar-Tass) - Russian President Vladimir Putin said the G8 summit confirmed the relevance of the G8 as an important mechanism to coordinate positions of leading countries on world politics and socio-economic development issues.

"This time, we discussed with the colleagues how to stimulate global economic growth and employment, and remove the imbalances that led to world financial and debt problems," Putin told a news conference after the summit.

The participants agreed to take joint measures to step up international trade, lower protectionist barriers, and not to create obstacles to investment flows. The leaders also confirmed that the World Trade Organization should play the key role in working out universal international economic rules.

The G8 discussed interaction in combating tax evasion and tax crimes. "Coordination in the fiscal sector and enhancing the transparency of offshores will help replenish national budgets, ease the debt burden in developed countries and accelerate global financial normalization," Putin noted adding that the leaders agreed to continue the dialogue on this topic at the G20 summit in St Petersburg on September 4-5.



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