World expects realistic decisions to stabilize global environment in G20 summit: Lithuanian expert

VILNIUS - The world expects realistic decisions and clear messages which could help stabilize the global economic and geopolitical environment, said a Lithuanian expert on Tuesday.

Osvaldas Ciuksys, former and the first chairman of Lithuania-China Business Council, told Xinhua in an interview that "we hope that this year G20 summit will provide more answers how to find effective and long lasting remedies for the most dangerous tendency in the world's economic development."

He pointed out that all countries need clear answers from the leaders of the economies.

"Other countries, as well as international companies, are adjusting their policies and strategies for development in accordance with the decisions taken in G20 forums," Ciuksys continued.

"The cooperation between G20 and other countries could be directed in diversifying collaboration formats and even broader involvement of economic policymakers and business leaders from other countries. We see that G20 countries (members) are moving to this direction of cooperation and it's very positive," he stressed.

"Current G20 meeting has a clear scope of main issues to be tackled. It has to identify new drivers for growth, make suggestions on how to improve international policy coordination and reform global governance bodies,"said Ciuksys.

The expert noted G20 is becoming more important, with more and more participating and contributing partners involved.

"Involvement of the experts and decisionmakers from different developing and smaller countries is a clear way how to improve G20 and its efficiency in the nearest future."

Lithuania "will benefit from all the decisions of G20 summit," said the expert.

"There are many companies having plans for sales development in different markets, including China. Having such structure of the economy, we are very exposed to any good news from such forums."

Talking about China, Ciuksys said,"China's balanced economic growth and 'new normal' phase of development will be a dominating catalyst of the world's economy for many years to come."

The G20 Summit in 2016 will be held on September 4-5 in Hangzhou, China.