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Mubarak Calls for Dialog Between Developed, Developing Nations
Egyptian President Hosni Mubarak on Monday underlined the need to activate dialog between the Group-15 and other regional and world organizations, especially the Group-8 of industrialized nations, in a bid to seek a fair world economic order.
Addressing the inaugural session of the 10th G-15 summit, Mubarak also stressed the importance of strengthening trade and economic cooperation among the G-15 member states.
The Egyptian leader voiced confidence in the possibility of activating the group's resolutions, developing the economy of the member states and boosting links among them.
Despite problems faced by developing countries, like drought, desertification and poverty, a glimpse of hope is emerging, represented in technological progress which provides opportunities to surge ahead, Mubarak said.
He called for cultural and social efforts to promote cooperation among international parties.
The current economic changes demand that the G-15 members endeavor to boost dialog between the rich nations and the developing ones in order to establish a fair international economic system and reach a joint vision in this domain, he said.
Mubarak noted that democracy should prevail international relations in general and that resolutions of international organizations should be adopted in cooperation with developing countries, the views and interests of which should be taken into consideration.
He expressed confidence that the G-15 members will join efforts to work for development regardless of the difficulties in the process.
The G-15, founded in 1989, comprises Algeria, Argentina, Brazil, Chile, Egypt, India, Indonesia, Kenya, Jamaica, Malaysia, Mexico, Nigeria, Peru, Senegal, Sri Lanka, Venezuela and Zimbabwe.
Its members account for one third of the world's population and produce 2 trillion U.S. dollars in goods. Their combined exports last year stood at 361.4 billion dollars and imports at 357.2 billion dollars.
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