India-Brazil-South Africa (IBSA) Dialogue Forum, 3rd Summit Joint Declaration, New Delhi, 15 October 2008

Sectors : Energy, International partnerships and support for Pan-African institutions, International trade: market access, subsidies and aid for trade, Food security
Organisation : Other
Date made: 
2008
Level: 
Heads Of State
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Commitments in: Development partnerships - International partnerships and support for Pan-African institutions

“11. The leaders underscored the importance and relevance of South-South Cooperation in an uncertain international environment contributed to by factors such as rising food and energy costs, climate change and financial uncertainty, which made it all the more imperative to strengthen the collective voice of the South, in order to assist in its development efforts.

12. The leaders noted with satisfaction that the dynamism of the South is driving growth today with a substantial part of global GDP growth and trade being on account of countries of the South and intra-South trade. They pledged to promote these mutually beneficial trends through enhanced linkages such as trade, investment and technology transfer including trade agreements of bilateral or multilateral nature such as the Global System of Trade Preferences (GSTP).

13. They reiterated that South-South Cooperation cannot replace commitments by developed countries but is only a complement to North-South Cooperation. In this context, they welcomed the convening of the High-level Conference on South-South Cooperation to be held in 2009.”
 

Scope: 
International