'G20 Summit to boost stronger global growth'

MELBOURNE (Xinhua) - Prime Minister Tony Abbott said on Sunday the upcoming G20 Summit in Brisbane will focus on achieving economic growth.

"At this G20 Summit, our focus will be on building a stronger world economy," he said in a video speech released online.

"Because economic growth means more jobs, higher living standards and governments that are better able to reduce tax and fund better services," he added.

Abbott stressed that during the world's most important economic forum, the focus of discussion will be placed on the fundamentals of the economy: trade, infrastructure, tax and banking.

The discussions will include the world-wide infrastructure gap, reducing tax avoidance by global companies, and increasing participation in the workforce, he said.

Australia has already secured an agreement that the G20 countries will aim to boost their collective economic growth by 2 percent above what is currently expected over the next five years, according to Abbott.

The summit, scheduled on Nov. 15 and 16, will gather leaders from 20 major economies with 4,000 delegates and 3,000 media to Brisbane, the capital city of Queensland. The G20 countries represent about 85 percent of the global GDP, 75 percent of international trade, and two-thirds of the world's population.

"This will be the largest ever gathering of world leaders in our history, and it is the culmination of Australia's presidency of the G20," said the prime minister.