India, Africa call for global cooperation to combat price rise
"We remain concerned with the recurrent trend of global crisis such as the
global food, energy and financial crisis. While recognising the current economic
recovery, we are also concerned with its sustainability", said the Africa-India
Forum Summit declaration issued here.
The eight-page Addis Ababa Declaration was adopted at the end of the
two-day Africa-India Forum Summit, co-chaired by Prime Minister Manmohan Singh
and Equitorial Guinea President Obiang Nguema Mbasogo.
The major economies need to work together and enhance the macro-economic
policy coordination to deal with global issues, the declaration said, adding
Africa should be given fair representation in G20.
Making a case for enhancing long-term capital flow towards the developing
nations, the declaration said, it would help in enhancing global demand to
ensure long-term sustainable growth and addressing the problems of
developmental imbalances.
The declaration also called for focusing of new avenues for cooperation to
add strategic depth to the partnership between India and African nations.
"Areas for such cooperation will include sharing strategies for sustainable
development, poverty alleviation, healthcare and universal education, and
sharing appropriate technologies", the statement said.
Concerned over little progress towards conclusion of the Doha trade
negotiations, the declaration called upon key players to give priority to
resolving all issues of critical concern to developing countries, especially
regarding negotiation on agriculture.
The leaders also called upon the nations "to oppose all forms of protectionism and trade distorting domestic support". --Bernama
(Press Trust of India)
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