India Advocates for Urgent Reforms in Global Governance at BRICS Meeting
EAM Jaishankar Urges BRICS Ministers To Push UN Reforms, Calls Cooperation ‘Essential’ | Read Full Speech
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India has called for significant reforms in global governance institutions during a BRICS meeting, emphasizing that current multilateral structures are outdated and ineffective. Key areas of focus include the United Nations Security Council, international financial institutions, and the World Trade Organization, with India urging immediate action towards more democratic and representative systems.
- 01India emphasized the necessity of UN Security Council reform, advocating for increased representation from Asia, Africa, and Latin America.
- 02The country highlighted vulnerabilities in global supply chains and called for reforms to international financial institutions to better support developing nations.
- 03India pointed out that the multilateral trading system needs updates to address emerging risks like non-market practices and supply chain concentration.
- 04The Indian government stated that reforms should make multilateralism more democratic, effective, and responsive to emerging economies.
- 05India concluded by stressing that deeper cooperation and institutional reform are overdue to tackle current global challenges.
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During a recent BRICS session, India reiterated its call for comprehensive reforms in global governance institutions, arguing that existing multilateral frameworks are outdated and ineffective in addressing modern challenges. India specifically focused on the need to reform the United Nations Security Council, advocating for an expansion of both permanent and non-permanent members to enhance representation from Asia, Africa, and Latin America. The country stated that without meaningful reform, the UN's effectiveness and credibility would remain limited. Additionally, India highlighted vulnerabilities in global supply chains and the need for reforms in international financial institutions to better support developing nations. It also called for updates to the World Trade Organization (WTO) to address emerging risks such as non-market practices and supply chain concentration. India stressed that reforms should not only focus on institutions but also on transforming decision-making processes to make multilateralism more democratic and effective. Concluding its remarks, India asserted that current global challenges necessitate deeper cooperation and faster reforms, emphasizing that the time for action is now.
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These reforms could lead to improved representation and decision-making in global governance, which may benefit developing nations like India.
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