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G77 cooperation needs more promotion: PM

 

May 08, 2013 07:34:04 PM

G77 cooperation needs more promotion: PM The current international architecture needs to be restructured in order to respond to the new realities and opportunities for development, says Chair of G77 and China and Fijian Prime Minister Commodore Voreqe Bainimarama.

Bainimarama in his closing address at the G77 meeting in Natadola, Sigatoka this afternoon said developing counties can produce greater results and the time has come to invest more efforts and resources into this cooperation.

“In this regard, we call on the UN System and all development partners to make it a priority to promote South-South cooperation in order to secure real progress in countries of the South,” he said.

“South-South Cooperation is a key element in the development agenda of our countries. It is imperative that we construct a strong platform for ourselves, harnessing political will, as we move forward,” he said.

“We have also emphasized that the obligation of the North to financially and technically support the South remains.”

“Thus in the interests of global harmony, equity and development we must strengthen the development commitments of North-South, South-South and triangular cooperation.”

He said the leaders have also agreed on the need to reinforce the co-ordination of developing countries in policy and joint negotiating positions on major issues in the international agenda.

“Strengthening existing multilateral funding mechanisms for South-South Cooperation and promoting regional, inter-regional and sub-regional sectoral cooperation in strategic fields have also been identified as important determinants in this endeavor.” he added.

By Reginald Chandar


 

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