THE rise of the Global South countries pushes the global economy through expected headwinds and keeps international trade vibrant, a Malaysian official said here on Saturday.
These developments, in turn, will help unlock potential and facilitate cooperation in addressing a range of pressing issues, including managing climate change, enhancing supply chain resilience, ensuring food security, and shaping the governance of emerging technologies like Artificial Intelligence (AI), said Malaysia External Trade Development Corporation (MATRADE) Chairman Reezal Merican Naina Merican in his remarks at a conference in Kuala Lumpur.
“For Malaysia, the rise of the Global South is a unifying force that brings together our diversity, differences, and discretion. Contrary to the perspectives of detractors, the Global South is not a movement of exclusion but one of inclusion,” he said.
“Its purpose is not to isolate the Global North but to advocate for a more balanced and equitable global system. Our mobilization is grounded in the recognition of our growing agency and the desire to collaborate as equals, navigating complex strategic contexts together,” he added.
Reezal emphasized Malaysia’s commitment to strengthening its engagement with regional mechanisms, particularly ASEAN, which Malaysia will chair in 2025.
He highlighted Malaysia’s focus on enhancing ASEAN’s institutions to address evolving challenges and fostering synergies with other frameworks for regional prosperity. BRICAP President Ong Tee Keat lauded ASEAN’s commitment to neutrality and centrality, emphasizing its role in fostering economic growth and common prosperity.
Xinhua
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