It proposes to cut empty property non-domestic rates relief from a maximum of 50% to a maximum of 10% for commercial properties, after a phasing in period of three months.
As for the other business, the summit completed its main task, which was to approve the establishment of a permanent Ibero-American secretariat in Madrid, so that such empty platitudes can be thought up non-stop, instead of only once a year.
The process is expensive and lengthy, and includes bringing all non-disposables, like batteries and empty oxygen cylinders, back to Kathmandu and on to their home countries.