FMs: China-Russia-India Joint Communique
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8. The Ministers discussed ways of enhancing interaction in the trilateral format. India, Russia and China, which together stretch over 20 percent of the total global landmass and represent 39 percent of the global population, are important members of the international community playing a significant role in world affairs. The Ministers agreed that trilateral dialogue in areas such as global economic governance architecture, climate change, trade policy and development cooperation would contribute greatly to global peace and prosperity and that concerted trilateral action against international terrorism, trans-national crime and drug-trafficking would promote stability and all-round development in today's inter-dependent world.
9. The international situation was reviewed by the Ministers and the major global developments were discussed. The Ministers welcomed the decision made at the Pittsburgh Summit to designate G20 as the premier forum for international economic cooperation. They stressed that the future global economic governance should feature in balanced representation, equality and result- orientedness, and ensure the voice and representation of emerging market and developing countries. The three countries advocated that future G20 summits should be held in developed countries and emerging market and developing countries by rotation based on the principle of transparency and equity. The Ministers emphasized that one of the ultimate goals of governance structure reform for international financial institutions is equitable distribution of voting power between developed countries and developing ones. The Ministers called for early implementation of the quantified targets on the governance structure reform of the international financial institutions endorsed by the G20 Pittsburgh Summit, speedy shift in IMF quota share of at least 5 percent to emerging market and developing countries and a significant increase of at least 3 percent of voting power in the World Bank for developing and transition countries, while avoiding erosion in voting shares of developing countries.
10. The three countries reiterated that they take the issue of climate change very seriously and that they are ready to strengthen international cooperation and make active effort to jointly tackle climate change. The three countries stressed that the UN Climate Change Conference in Copenhagen presents an important opportunity for strengthening international cooperation in addressing climate change in accordance with the principles and provisions of the UNFCCC and the Bali Action Plan, taking into account the principle of common but differentiated responsibilities and respective capabilities. The Ministers reiterated the willingness of the three countries to contribute to the success of the Conference.
11. The Ministers reiterated that there was a need for a comprehensive reform of the United Nations with a view to make it more efficient so that it can deal with the current global challenges more effectively. The Ministers of India, Russia and China reiterated that their countries attach importance to the status of India in international affairs, and understand and support India's aspirations to play a greater role in the United Nations.
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