SOUTH-SOUTH AND TRIANGULAR COOPERATION

 

For: Mains

Topics covered:

• About South-South and Triangular Cooperation
• Objectives

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News Flash

An international dialogue on South-South and Triangular Cooperation was recently held in New Delhi.

Commerce and Industry Minister urged that all member countries must take up reforms of the WTO and not deal with issues in a piecemeal manner.

 

South-South and Triangular 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.
• 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.

 

South-South cooperation is a manifestation of solidarity among peoples and countries of the South that contributes to their national well-being, their national and collective self-reliance and the attainment of internationally agreed development goals, including the 2030 Agenda for Sustainable Development.

 

Objectives of south-south cooperation

• Foster the self-reliance of developing countries by enhancing their creative capacity to find solutions to their development problems in keeping with their own aspirations, values and specif needs.
• Promote and strengthen collective self-reliance among developing countries through the exchange of experiences.
• Increase the quantity and enhance the quality of international development cooperation through the pooling of capacities to improve the effectiveness of the resources devoted to such cooperation.
• Create and strengthen existing technological capacities in the developing countries in order to improve the effectiveness.
• Increase and improve communications among developing countries, leading to a greater awareness of common problems and wider access to available knowledge and experience as well as the creation of new knowledge in tackling development problems.
• 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.
• Enable developing countries to achieve a greater degree of participation in international economic activities and to expand international cooperation for development.

 

Triangular Cooperation

Triangular cooperation is 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.

 

Source: Business Standard

 

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