The world needs more sustainable supply chains.
According to Day.Az, the Minister of Foreign Affairs of India said this Subramanyam Jaishankarspeaking at the first plenary session of the XVI BRICS summit in the BRICS plus format in Kazan.
“We are faced with a paradox. It is that great changes are now taking place, but some problems have only become more serious. On the one hand, this concerns the constant diversification of consumption. Countries that have now gained independence from the colonial regime have accelerated their socio-economic progress. There is new potential and new opportunities. There are more opportunities for people to use their talent,” he said.
The head of the Indian Foreign Ministry believes that it is now necessary to think about creating a real multipolar world.
“We see that many problems that began in the past continue. And now they have taken on new forms and manifestations. We see this in the approach to managing modern technologies and resources. Let’s recognize that the benefits of globalization are distributed very unevenly. Above all, This, the COVID-19 pandemic has exacerbated the burdens borne by the Global South. We see challenges in the areas of food, security, health. The Future Summit highlighted that the world is in real danger and we may fail to achieve sustainable development goals. can we improve the situation? It is important that changes bring benefits to those who are currently left behind. How can we ensure a more just world order, first, by strengthening and expanding platforms that are independent and expanding choice in various areas? , and by minimizing over-dependence on those we could abandon. Secondly, we can reform the mechanisms and institutions that already exist,” Jaishankar said.
Thirdly, as the head of the Indian Foreign Ministry said, it is necessary to create more production hubs.
“We need to remember that more resilient supply chains are required to meet the needs of each region, and each region must have its own production capacity and capabilities. Fourthly, we need to correct the distortions that are a legacy of the colonial era. so that we have greater transport interconnection, so that we can better cope with risks. We are forming a digital infrastructure, we can create new payment infrastructures and interfaces,” he added.