Business Standard
IANS | Santa Cruz (Bolivia) Jun 17, 2014
Last Updated at 03:18 PM IST
Morocco calls for institutionalisation of South-South cooperation
Morocco called at the G77 + China extraordinary summit for institutionalizing South-South cooperation through the inception of lasting cooperation mechanisms, the Moroccan news agency MAP reported.
In a speech at the extraordinary summit, which opened on Saturday in the Bolivian city of Santa Cruz, Morocco’s minister of housing, urban planning and city polity, Nabil Benabdellah, urged the G77+China member countries to gather the needed conditions to develop trade, promote investments and consolidate regional integration.
Benabdellah, who led the Moroccan delegation to the summit held to mark the 50th anniversary of the group creation, added that incentives are needed to reinforce the role of the private sector in South-South cooperation as a vital foundation for development and wealth-creation.
— Indo-Asian News Service
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