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MEX 13 / 06.09


06 / 09 / 13

G20 Summit: "EU's objectives broadly achieved"

"We are pleased that the European Union's objectives for this summit have been broadly achieved", European Commission President José Manuel Barroso and European Council President Herman Van Rompuy said in their joint statement on the outcome of the G20 Summit. G20 members recognized the positive effects of Europe's comprehensive crisis response and acknowledged that the EU has delivered on its substantive commitments from Los Cabos in 2012. Leaders adopted the Saint Petersburg Action Plan for Growth and Jobs, and cemented the global shift towards fairer taxation by agreeing on setting up the automatic exchange of tax information among G20 members as from 2015, as the EU has pushed for. Both Presidents note with satisfaction that the G20 made good progress in the field of financial regulation, including by addressing the risks of shadow banking. On trade, the G20's anti-protectionism commitment by extending the Toronto standstill clause to 2016, is "very good news", President Barroso and Van Rompuy state. Although foreign policy matters are not within the direct remit of the G20, the crisis in Syria was a key part of the G20 discussions. Both Presidents participated in a meeting in the margins of the G20 to address the humanitarian needs of the conflict. The EU will uphold its commitment, as the largest donor, to provide aid and assistance to those in need due to the Syrian conflict.

The full text of the joint statement will be available shortly. Read also President Barroso's statement ahead of the summit.

Other news

First estimate for the second quarter of 2013 - EU27 current account surplus 35.9 bn euro - 36.5 bn euro surplus on trade in services

The EU27 external current account recorded a surplus of 35.9 billion euro (1.1% of GDP) in the second quarter of 2013, compared with a surplus of 5.9 bn (0.2% of GDP) in the second quarter of 2012, according to first estimates from Eurostat, the statistical office of the European Union. In the second quarter of 2013, compared with the second quarter of 2012, the deficit of the goods account turned into a surplus (+19.9 bn euro compared with -10.6 bn), while the surplus of the services account slightly fell (+36.5 bn compared with +39.9 bn). The deficit of the income account dropped (-5.7 bn compared with -9.1 bn), while the deficit of the current transfers account remained nearly stable (-14.7 bn compared with -14.3 bn).

Commission clears way for harmonised free allocation to industry under the EU's carbon market

The European Commission adopted yesterday a decision on the number of free emission permits handed out annually to each industrial installation in 2013 to 2020 under the EU Emissions Trading System (EU ETS). The decision is the result of a mechanical application of the legislation in force based on an in-depth technical assessment. It is politically important because it turns the long-standing goal of harmonised allocation rules across the internal market into reality. The decision is not related to the 'back-loading' discussion or the on-going reflections on future structural reforms of the EU ETS. The decision can be found here .


Commissioners' weekly activities

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Upcoming Commission activities for the weeks ahead

What Commissioners said

Together for strong European Data Protection rules

Vice-President Viviane Reding and Berlin's Justice and Consumer Affairs Senator Thomas Heilmann, have jointly called for strong and uniform Data Protection rules at European level. Vice-President Reding said: "Time is running out. With every day we wait, the risk is greater that others go before us and set global standards in data protection that are lower than our data protection reform proposals." She added: "It is important that we speak with one voice – only with strong rules that have teeth so we can take on the likes of Facebook, Google, or even the NSA".

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