Australian Prime Minister's international arena promotes global growth

Published 24 January 2014, 14:04 AEST
Compiler: Fan Huiqiang, Editor: Ma Jianyuan

When Australian Prime Minister Abbott delivered a keynote speech at the World Economic Forum meeting in Switzerland, he called for the implementation of free trade and the promotion of global economic growth. He told the business people and political leaders present at the meeting that stimulating growth by encouraging business is the most effective way to promote sustainable global development.

Australian Prime Minister's international arena promotes global growth (Credit: AAP)

Abbott is the rotating chairman of the Group of Twenty (G20) this year. He said there are now XNUMX million fewer jobs than before the global financial crisis. But he said that the crisis cannot change economic regulations, and that you can't spend money without money. He said that it is not possible to get rich by taxes or subsidies, and debt and deficit cannot be used to solve the problem of debt and deficit.

The Australian Prime Minister said that profit is not a dirty word, and business success is something to be proud of. He said that Australia, as a trading nation, would use the opportunity of the rotating chairman to promote free trade. He said that just as domestic trade can increase wealth, international trade can also increase wealth. This is why everyone should advocate free trade.

Abbott hopes that this year’s GXNUMX will reaffirm its commitment to oppose protectionism in various countries and support free trade.

He said that every country should reiterate their determination and abolish the protectionist measures taken by countries after the crisis. Abbott also said that in which country you earn money, you must pay taxes in that country.