Economic Declaration: WORKING TOGETHER FOR GROWTH AND A SAFER WORLD

8 July 1992

1. We, the Heads of State and Government of seven major industrial nations and the President of the European Community, have met in Munich for our eighteenth annual Summit.

2. The international community is at the threshold of a new era, freed from the burden of the EastWest conflict. Rarely have conditions been so favourable for shaping a permanent peace, guaranteeing respect for human rights, carrying through the principles of democracy, ensuring free markets, overcoming poverty and safeguarding the environment.

3. We are resolved, by taking action in a spirit of partnership, to seize the unique opportunities now available. While fundamental change entails risk, we place our trust in the creativity, effort and dedication of people as the true sources of economic and social progress. The global dimension of the challenges and the mutual dependencies call for worldwide cooperation. The close coordination of our policies as part of this cooperation is now more important than ever.

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