CANBERRA, Nov. 9 -- Australian Prime Minister Tony Abbott said on Sunday that the upcoming G20 Summit to be held in Brisbane will not be a "talkfest" but will focus on economic themes.

Calling the Brisbane G20 Summit "the most important meeting ever held in Australia", Abbott said Australia, as this year's President of G20, has set an agenda based on three themes.

The first will be to promote economic growth and jobs growth by strengthening the private sector. Second, to make the global economy more resilient to future shocks. And third, to strengthen global institutions because "in uncertain times, strong institutions make all the difference".

"It won't be a talkfest," Abbott said in a press release. "It's an economic summit, so it will focus on what can be done to create jobs, identify tax cheats and improve the world economy."

Abbott stressed that the focus of the Brisbane G20 Summit will be on the economy, because G20 members account for 85 percent of the world economy and 75 percent of world trade.

"We have a very clear goal - to boost global economic growth by two percent above what is currently expected over the next five years."

He said all the countries of the G20, including Australia, will be detailing their growth strategies at this summit.

Abbott said the Australian plan focuses on the fundamentals, that is, lowering tax, cutting red tape, investing in infrastructure, encouraging competition and increasing productivity.

"Australia's message to the world is that we are 'open for business'," said Abbott, quoting a slogan he used a lot during his election campaign last year.

"It will be a big week for Brisbane with thousands of delegates and the international spotlight."

"It will also be a big week for Australia and I am confident that the G20 Summit will make a real difference to the lives of people right around the world."