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G5 speak out on global challenges

(Xinhua)
Updated: 2009-07-09 05:10

L'AQUILA, Italy: Five leading developing countries -- China, India, Brazil, South Africa and Mexico (G5) -- spoke out on Wednesday afternoon in Italian city of L'Aquila on joint efforts to address global challenges.

Speaking to a leaders meeting of the G5 held in the earthquake-shaken town, Mexican President Felipe Calderon said the emerging economies should play even more important role in addressing the global issues.

Brazil's President Luiz Inacio Lula da Silva (L) hugs Chinese State Councillor Dai Bingguo as Mexico's President Felipe Calderon (R) looks on, at the G8 summit in L'Aquila Italy July 8, 2009. Leaders from the Group of Eight major industrial nations and the main developing economies will hold talks from July 8-10. [Agencies]

They should unite and strike consensus so as to help developing and less-developed countries better resolve the challenges of climate change and food security, the president said.  

Brazilian President Luiz Inacio Lula da Silva said the G5 leaders' meeting is an important platform on addressing economic and financial problems and the G5 should make full play of the meeting to push the international community at large to better address the global financial crisis.

He called for tightening monitoring and regulation of international financial system and giving up trade protectionism, so as to drag the world economy out of crisis as soon as possible.

Brazil's President Luiz Inacio Lula da Silva (L) shakes hands with India's Prime Minister Manmohan Singh as Mexico's President Felipe Calderon looks on, at the G8 summit in L'Aquila Italy July 8, 2009. [Agencies]

Indian Prime Minister Manmohan Singh told the meeting that the consensus reached at the G20 Summit in London should be implemented.

The global financial crisis is closely relevant with food crisis and energy crisis, said the prime minister, who called for worldwide cooperation to address the challenges that run across the globe.

Related readings:  G8 leaders to agree on 2-degree limit on global warming  World leaders' expressions at G8 summit  G8 leaders meet on economy, climate  G8 summit in new push for global financial reform  China and G8

Jacob Zuma, president of South Africa, said the global financial crisis has brought more severe damage to the less- developed countries, citing Africa as the biggest victim.

Zuma warned that the crisis has crippled the social and economic development of his continent, and it has also put under shadow the United Nations Millennium Development Goals.

The president called for more worldwide measures resolving the crisis, eliminating trade protectionism, finalizing the Doha talks as soon as possible and increasing assistance to the developing and less-developed countries.  

The leaders' meeting of the G5 was aimed to strike a common position for the outreach session of the G8 Summit, to be held later Thursday.