FROM THE OFFICE OF PUBLIC AFFAIRS June 20, 2003JS-490 On the Group for Growth June 20, 2003
Secretary John Snow and Minister Antônio Palocci share a commitment to accelerate economic growth in both countries to create jobs, raise living standards, and fight poverty. Higher growth in each economy will provide important benefits not only for the
In this context, Secretary Snow and Minister Palocci will launch a Group for Growth designed to examine policy topics key for raising productivity growth. They have agreed on an initial set of topics for consultations: fiscal policy and tax reform, reducing impediments to the creation and expansion of small and medium-sized companies, increasing investment and business credit, promoting trade, developing infrastructure, strengthening domestic competition. Both may also invite representatives of the private sector and society at large to share views on key impediments and needed reforms to spur growth.
John Taylor, Under Secretary for International Affairs at the U.S. Treasury, will chair the inter-agency delegation to meetings of the Group for Growth for the
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