The Qatar Ministerial Meeting On South-South Cooperation

South-South Cooperation In News?

On March 7 2023, the MoS for the Ministry of External Affairs, Dr. Rajkumar Ranjan Singh participated in the Ministerial Meeting of South-South Cooperation on the sideline of 5th UN Conference on LDC5 in Doha, Qatar.

5th UN Conference on Least Developed Countries (LDC5)

What Is South-South Cooperation?

• South-South cooperation is a broad framework of collaboration among countries of the South in the political, economic, social, cultural, environmental and technical domains.
• In 1978, the UN established the South–South Cooperation Unit to promote South–South trade and collaboration within its agencies.
• Involving two or more developing countries, it can take place on a bilateral, regional, intraregional or interregional basis.
• Developing countries share knowledge, skills, expertise and resources to meet their development goals through concerted efforts.

What Is Triangular cooperation?

• Another modality of South-South cooperation is Triangular cooperation, a collaboration in which traditional donor countries and multilateral organizations facilitate South-South initiatives through the provision of funding, training, management and technological systems, as well as other forms of support.
• South-South and triangular cooperation is one of the important drivers of regional cooperation in Asia and the Pacific and has resulted in increased volumes of South-South trade, foreign direct investment flows and technology transfer.

Objectives of South-South Cooperation

The objectives of South-South Cooperation are to:

• Foster and strengthen the self-reliance of developing countries by enhancing their creative capacity to find solutions and technological capacities to their development problems and formulate the requisite strategies to address them;
• Promote and strengthen collective self-reliance among developing countries through the exchange of experiences leading to a greater awareness of common problems and wider access to available knowledge;
• Recognize and respond to the problems and requirements of the least developed countries, landlocked developing countries, small island developing States and the countries most seriously affected by, for example, natural disasters and other crises, and enable them to achieve a greater degree of participation in international economic activities.

The Ministerial Meeting On South-South Cooperation

Organized By?

The Meeting is organized by the State of Qatar (host country) and Malawi (Chair of LDCs) in collaboration with the United Nations Office for South-South Cooperation.

Aim?

The Ministerial Meeting on South-South Cooperation – “Renewed partnerships for actionable solutions in support of implementation of the DPoA” is aimed to forge new partnerships, and explore concrete, innovative and actionable solutions in support of the deliverables of the DPoA through multi-stakeholder participation of the global South and development partners.