Key Highlights from EAM S. Jaishankar's Speech at UNGA
External Affairs Minister (EAM) S. Jaishankar addressed the High-Level Meeting of Like-Minded Global South Countries at the 81st United Nations General Assembly (UNGA), emphasizing the current global uncertainties and the need for greater participation of the Global South in decision-making.
Global Crises and Decision-Making
- The Global South is severely affected by global crises but remains excluded from significant decision-making processes.
- Current global challenges include conflicts, geopolitical tensions, disrupted supply chains, increased trade barriers, fragmented investment flows, and climate shocks.
- Existing international laws and rules are under pressure, highlighting the need for reform.
Call for Reforms and Solidarity
- Jaishankar emphasized the urgency for reforms in multilateral institutions, particularly the United Nations.
- He called for the Global South to resist accepting or legitimizing chokepoints in supply chains, finance, or connectivity.
- Energy security was highlighted as critical for development, advocating for fair pricing and availability.
Bilateral and Multilateral Engagements
- Jaishankar held several bilateral and multilateral meetings focusing on UN Security Council effectiveness and collaboration in AI, space, health sciences, and energy.
- Participated in the India-UAE-France trilateral discussing collaboration opportunities.
- G4 nations (India, Brazil, Germany, Japan) advocated for reformed multilateralism and a more representative UN Security Council.
Economic Corridor and Trade Discussions
- Discussed the India-Middle East-Europe Economic Corridor (IMEC) to boost trade, with a target of 20 billion euros by 2029.
- US President Donald Trump supported the IMEC, emphasizing the need to divert energy infrastructure from Iranian checkpoints.
