[Argentina], Nov 30 (ANI): Leaders of the BRICS countries met on the sidelines of the ongoing G20 summit on Friday and condemned terrorism in all forms and manifestations.
In a joint statement released by the international organisation, the countries urged concerted efforts to counter terrorism under the United Nations auspices on a firm international legal basis.
"We call upon all nations to adopt a comprehensive approach in combating terrorism, including all the elements identified in the Johannesburg Declaration," the press statement read.
The countries also re-committed themselves to peace and stability across the globe, the central role of the United Nations, the purposes and principles enshrined in the UN Charter, and respect for international law, the promotion of democracy and the rule of law.
Reiterating their commitment to working together to strengthen multilateralism, the countries vouched to promote a fair, just, equitable, democratic and representative international order.
The country leaders also reaffirmed full support for the rules-based multilateral trading system, as embodied in the World Trade Organisation (WTO), to ensure transparent, non-discriminatory, open and inclusive international trade.
"We express our common readiness to engage in frank and result-oriented discussions with other WTO members with a view to improving the functioning of the WTO. The spirit and rules of the WTO run counter to unilateral and protectionist measures. We call on all members to oppose such WTO inconsistent measures, stand by their commitments undertaken in the WTO and rollback such measures of a discriminatory and restrictive nature," the press release stated.
The country leaders also noted that the core value and fundamental principles of the WTO should be preserved and interests of all WTO members should be reflected, in particular, those of the developing members.
"Its effective functioning will give members the required confidence to engage in future negotiating in the WTO. We, therefore, urge that the Appellate Body selection process be initiated immediately, as an essential prerequisite for the stable and effective functioning of the WTO dispute settlement system," read the press statement.
Welcoming the G20 Argentine Presidency's theme of Building Consensus for Fair and Sustainable Development and its focus on the Future of Work, Infrastructure for Development and Food Security for Sustainable Future, the leaders also recognised the importance of infrastructure for development and commit to contribute to bridging the global infrastructure gap, also by mobilizing resources for sustainable and disaster resilient infrastructure through national and collective initiatives, including the New Development Bank.
"We advocate for a strong Global Financial Safety Net with an adequately resourced, quota-based International Monetary Fund (IMF) at its centre. To this effect, we reaffirm our commitment to the conclusion of the IMF's 15th General Review of Quotas, including a new quota formula so as to ensure the increased voice of the dynamic emerging and developing economies to reflect their relative contributions to the world economy while protecting the voices of the least developed counties, by the 2019 Spring Meetings and no later than the 2019 Annual Meetings," the press statement added.
Reaffirming their commitment to the implementation of the 2030 Agenda for Sustainable Development and the Sustainable Development Goals, the leaders of the BRICS nations urged developed countries to honour their ODA commitments fully, in time and to provide additional development resources to developing countries in accordance with the Addis Ababa Action Agenda.
Noting the imbalance in the global economic expansion continues, the leaders expressed concerns about the negative spill-overs by policy normalisation from major advanced economies which has been an important source of the volatility of some emerging market economies.
They also called on all economies to strengthen their policy dialogue and coordination in the spirit of partnership at the G20 and other fora to prevent potential risks from spreading.
While talking about climate change, the leaders of the BRICS countries recommitted to the full implementation of the Paris Agreement adopted under the principles of the UNFCCC including the principles of common but differentiated responsibilities and respective capabilities, and urged developed countries to provide financial, technological and capacity-building support to developing countries to enhance their capability in mitigation and adaptation.
They also called upon all countries to reach a balanced outcome under the Paris Agreement Work Programme during COP-24 that enables operationalisation and implementation of the Paris Agreement. "We stress the importance and urgency of conducting a successful and ambitious first replenishment process of the Green Climate Fund," the leaders emphasised.
Appreciating the success of the 10th BRICS Summit, Johannesburg, the world leaders further recommitted to enhancing further our strategic partnership for the benefit of our peoples.
"We express satisfaction with the achievements of BRICS cooperation in the areas of economy, peace and security and people-to-people exchanges under South Africa's Chairship, including the establishment of the BRICS Partnership on New Industrial Revolution (PartNIR), the BRICS Vaccine Research and Development Centre, the BRICS Energy Research Cooperation Platform and the Americas Regional Office of the New Development Bank in Sao Paulo," the leaders stated. (ANI)