Singapore Invited To Attend G-20 Summit, 11-12 November 2010, Seoul, Korea

         Singapore has been invited to participate in the G-20 Summit in Seoul (11-12 November 2010). The Seoul Summit, the fifth meeting of the G-20 heads of state/government, will discuss the pressing challenges facing the global economy and measures to promote strong, sustainable and balanced global growth.

2.      As a major financial centre, Singapore has a particular interest in contributing to discussions in G-20 on global financial reforms, efforts to keep markets open and resist protectionism.

3.      Singapore, as a member of the informal Global Governance Group (3G), has also been supportive of the efforts of the G-20 to develop a consultative, inclusive and transparent framework to strengthen international economic cooperation. The 3G, which comprises 27 UN Member States^[1] was created more than a year ago to encourage the strengthening of a framework of engagement between G-20 and non-G20 countries. The 3G members share a belief that while the G-20 countries have taken swift decisive action to avert a global recession, the G-20 also needs to work with non-G20 countries in order to translate its work into effective global action.

4.      Singapore looks forward to working closely with the Republic of Korea, as host of the G-20 Summit, members of the G-20, and other invited guests, to contribute to a successful outcome at the Seoul Summit.

^[1] The 3G consists of the following Member States of the United Nations, viz the Bahamas, Bahrain, Barbados, Botswana, Brunei Darussalam, Chile, Costa Rica, Guatemala, Jamaica, Kuwait, Liechtenstein, Malaysia, Monaco, New Zealand, Panama, Peru, the Philippines, Qatar, Rwanda, San Marino, Senegal, Singapore, Slovenia, Switzerland, the United Arab Emirates, Uruguay and Vietnam.