CPEC “Excellent example” of South-South cooperation: Munir Akram

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Munir Akram, Pakistan’s ambassador to the United Nations, said that the flagship of China and Pakistan, the multi-billion dollar economic corridor (CPEC), is an “excellent model of South-South cooperation, aimed at achieving common economic and social development goals. “

The special envoy of Pakistan spoke during the annual G-77 transfer ceremony. G-77 was the largest group of developing countries along with China, and Guyana led a coalition of 134 members during that session. The state of Palestine has served as president.

He said developing countries should strengthen South-South cooperation, open new avenues and show the world an alternative development model based on inclusiveness, self-respect, joint efforts and economic independence.

“The China-Pakistan economic corridor is an excellent example of South-South cooperation and interests are not limited to participating countries, but also to the region and beyond,” Ambassador Akram said in a solemn ceremony.

Speaking of unprecedented challenges for the world, he spoke about the shocking erosion of multilateralism and international cooperation. Withdraw from international agreements and ignore international legal norms.

“The unilateral use of force and foreign intervention has become more frequent and has cruelly robbed people of their right to self-determination under foreign occupation,” said a special envoy for Pakistan.

In addition, the slowdown in global economic growth under the influence of trade and technology disputes has damaged efforts to achieve sustainable development goals (SDGs), eradicate poverty and combat climate change.

“Although we have witnessed an increase in per capita income; the differences and inequalities between and within countries are increasing,” said Ambassador Akram.

He said that the current development model has brought prosperity to many people, but poverty and poverty have not yet been eliminated. Moreover, it created unprecedented levels of inequality and brought the world’s ecosystems to a tipping point that threatened the survival of the planet.

Over the years, the Group of 77 and China, representing more than 70% of the world’s population, have influenced the discussions and outcomes of various multilateral processes on a range of issues, but now they have to face the current challenges. Pakistan’s special envoy said.

The Group of 77 should require developed countries to change their production and consumption patterns, and encourage public and private investments consistent with the Sustainable Development Goals, while addressing deviations in the global financial system, making them people-centered and making them as developing States offer opportunities for their right to development.

“After the fall in global foreign direct investment flows, we need to accelerate considerably to meet the investment needs related to sustainable development goals,” he said.

Equally important are the fight against illegal financial flows and the return of stolen assets, international cooperation in the field of taxation and customs, data sharing, financing for development and reducing the debt burden of developing countries through a more democratic and equal system.

“Although we emphasize the importance of Official Development Assistance (ODA), we also need to prepare a business case to invest in sustainable development,” Ambassador Akram said.

Although information and communication technologies could help to overcome development challenges, he insisted on ensuring that the right part of developing countries should be attributed to the taxes generated by making money with the data that belonged to them.

The Pakistani envoy said that no investment is more important to achieve sustainable development goals than infrastructure, including energy, transport, communication and social infrastructure.

“As a whole, our solidarity remains essential. Ambassador Akram said that we must maintain our basic principles, such as” the right to development “and” common but differentiated responsibilities “.

“We need to ensure that the discourse of global development is always people-oriented and committed to keeping nobody behind and going the furthest.”

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