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5/21/2011

Kingdom to host heads of Parliaments of Group- 20 states next year

JEDDAH: Saudi Arabia will host the third G20 Speakers' Conference next year. Parliamentary leaders and delegates from 26 countries and unions that met for the final day of discussions for the conference on Friday adopted a joint communique that addressed global issues.

"We are very happy to be the next host of the speakers' consultation, and we look forward to seeing you again next year. We will do our best to make the meeting as productive as it can be," Chairman of the Shoura Council of Saudi Arabia Abdullah Al-Asheikh said Friday while addressing the conference.

Custodian of the Two Holy Mosques King Abdullah supports any international gathering that strives to achieve global economic stability and collaboration that guarantees balanced and sustained development, Al-Asheikh added.

At the closing ceremony, Korean National Assembly Speaker Park Hee-tae thanked the participants for a productive conference and shared his expectations for the implementation of its deliberations.

Having discussed the final topic of cooperation for shared growth in the post-financial crisis period, the delegates agreed on the importance of sustainable development and experience sharing.

Calling on parliamentarians for added efforts for world peace and security in collaboration with their respective governments, Al-Asheikh said the Seoul meeting was an extension of the first conference of the Parliament speakers in Ottawa last year, the Saudi Press Agency reported on Friday.

The Shoura chairman noted that the global economic crisis revealed the weak spots in globalization, particularly the problems in the area of financial supervision that led to the escalation of the crisis at a rapid pace.

“Therefore it is the need of the hour to device methods and set up machinery for strict financial supervision,” he said, adding that the Kingdom confronted the global economic crisis with firm but evenhanded steps including structural economic reforms favorable for growth.”

The list of participants mainly included G20 states and also some select non-G20 countries, as well as the European Union and the Inter-parliamentary Union.

The Korean government set up tight security in around the conference venue. More than 4,500 police officers were dispatched to the National Assembly premises, with some of them allocated to the five-star hotels around Seoul where the parliamentary speakers and their entourages were staying.

Korean National Assembly Speaker Park Hee-tae addressed the conference on Friday.

“Humanity is currently faced with many serious challenges, including natural disasters, poverty, terrorism, climate change and the safe management of nuclear energy,” he said. “The various challenges we currently face cannot be resolved by the efforts of a single nation. Instead, these challenges require a coordinated global effort. This is the very reason we are here today.”

Under the slogan “Safe World, Better Future,” the gathering comes as a follow-up to the G20 Seoul Summit held last November. It is also the second of its kind after the first consultation in Ottawa, Canada, last year. Canada hosted the G20 summit in June last year.

Delegations from non-G20 members Spain, Ethiopia, Singapore, Equatorial Guinea and Algeria were also invited to the summit.

Source: http://arabnews.com

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