India-Brazil-South Africa (IBSA) Dialogue Forum, Somerset West Ministerial Communiqué 11 May 2008

Sectors : Economic governance and public finance management, Sustainable development, Transparency and accountability
Organisation : Other
Date made: 
IBSA-Somerset-West-communique-2008.pdf19.72 KB
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Commitments in: Governance - Transparency and accountability

“6. The Ministers also reiterated the importance of capacity building, equity and transparency in international economic relations for developing countries to achieve the MDGs, especially Sub-Saharan Africa. The Ministers underscored their agreement to work together to eradicate poverty and hunger and promote sustained economic growth, sustainable development and global prosperity for all. In this regard, they welcomed the commitment by the government of India during the Africa-India Forum Summit in April 2008 to extend Duty Free Tariff Preference Scheme to all Least Developed Countries and recalled the similar Brazilian commitment made during the 12th UNCTAD held in Ghana.”


Commitments in: Environment - Sustainable development

“12. The Ministers recommitted themselves to vigorously pursue the deepening of South-South cooperation for sustainable development. They reaffirmed their shared commitment to the eradication of poverty and hunger through sustained and inclusive economic growth in an environmentally and socially sustainable manner. They highlighted the importance of implementing the principles and goals adopted in the Rio Declaration, Agenda 21 and the Johannesburg Plan of Implementation of the World Summit on Sustainable Development, particularly the principle of common but differentiated responsibilities and respective capabilities and emphasised that capacity building, finance, technology development and transfer and institution building are key to global sustainable development.”