India, China and Russia call for global efforts to promote world growth

WUHAN - India, China and Russia on Monday called for coordinated global efforts to promote strong, sustainable and balanced world growth

In the Joint Statement issued at 10th RIC Ministerial Meeting here, External Affairs Minster S.M Krishna and his Chinese and Russian counterparts Yang Jeichi and Sergei Lavrov said that global energy security is of great significance to advancing world economic recovery and development, and such security can be achieved through greater dialogue and cooperation between producing and consuming countries.

“The international community should work together to ensure stable energy supply, the security of international energy transportation and stable energy prices so that the energy demand of all countries, especially developing ones, are met,” they added

They further reiterated their support for the G20 as the premier forum for international economic cooperation, and welcomed the decisions of the G20 summit in Seoul including on IMF quota reform.

They reiterated that the goal of the reform of international financial institutions was to achieve, step by step, equitable distribution of voting power between developed and developing countries.

The Ministers urged all parties to take concrete actions to oppose all forms of protectionism, comprehensive and balanced outcomes from the Doha Development Agenda, consistent with its mandate, based on the progress already made, including with regard to modalities.

They emphasized that international trade frictions should be handled in the spirit of equality, consultation, mutual benefit and within the framework of WTO.

They called for continued international adherence to the principles of the UN Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol including that of “common but differentiated responsibilities”.

Reiterating the importance of UN Millennium Declaration and the implementation of the Millennium Development Goals, they welcomed the outcomes of the UN high-level meeting on the MDGs held in September 2010.

They also commended the indispensable role played by the United Nations in international affairs.

The Ministers of China and Russia appreciated the role played by India in international affairs and welcomed India’s election to the UN Security Council for the 2011-2012 term, and looked forward to deepening cooperation with India within the Council. (ANI)