* Trichet calls for common EU position on IMF issues (Adds ECB's Trichet)

By Yoo Choonsik and Rachel Armstrong

GWANGJU, South Korea, Sept 4 (Reuters) - G20 delegatesagreed on Saturday global economic recovery would endurealthough the speed of expansion may slow, a South Koreanofficial said.

Kim Jae-chun, deputy governor of South Korea's central bankwho co-chaired the meeting of G20 finance and central bankdeputies, also told reporters they thought market reaction toconcerns about economic slowdown was overblown.

"There was an agreement that the (global) recovery willcontinue even though the speed may slow from the level wethought of two to three months ago," Kim said after theirmeeting in the country's southwestern city of Gwangju.

Another official from a member country, who spoke oncondition of anonymity, said there was discussion about theissue of readjusting representation on the InternationalMonetary Fund's executive board but declined to elaborate.

John Lipsky, the IMF's first deputy managing director, declined to comment when asked if the issue would be resolvedsoon.

The G20 members have pledged to reach an agreement on theissue by the leaders' summit in Seoul in November but Europe hasbeen reluctant to accept the proposals as it would diminish itsvoting rights on the board.

"Everybody is working very hard on it," said Jean-PierreLandau, deputy governor of the Bank of France.

A European Union diplomat said on Friday that EU financeministers would hold substantive talks on a U.S. push to cutEurope's representation at the IMF at an informal meeting at theend of this month. [ID:nLDE68219R]

Speaking at a conference in Cernobbio, Italy, EuropeanCentral Bank President Jean-Claude Trichet said Europe needed toagree common positions on international issues at the IMF.

"I call on Europe to have a unified position," he said,adding that that was his personal opinion and the central bankhad no official position on the issue.

The United States, frustrated at Europe's refusal to sharemore IMF power with emerging economies, took unprecedentedaction last month to block plans that would have kept Europe'slong-running dominance over the 24-member board. [ID:nN19220411]

The officials from the Group of 20 developed and majoremerging economies and from international organisations willmeet again on Sunday to discuss issues including reform in theglobal financial regulatory framework. (Additional reporting by Francesca Landini in Cernobbio,editing by Mike Peacock)