From vaccines to data: India lobbied on key issues for developing countries | Latest India News

India placed strong emphasis on key issues that are important to developing countries, including data, vaccines and climate change, while shaping the outcome of the G20 Summit.

At the summit held in Rome on October 30-31, the grouping of the world’s 20 largest economies focused on the free flow of data with confidence and cross-border data flows. India introduced the issue of data for development in the Rome Declaration, released at the end of the summit, as an important point for developing countries, people familiar with the matter said on condition of anonymity.

“We recognize the importance of the free flow of data with trust and cross-border data flows. We reaffirm the role of data for development. We will continue to work to address challenges such as those related to privacy, data protection, security and intellectual property rights, in accordance with relevant applicable legal frameworks, ”said the Rome Declaration.

He added that the G20 states will push for a common understanding and work to identify “commonalities, complementarities and elements of convergence between existing regulatory approaches and instruments” to enable the flow of data with confidence in order to promote future interoperability.

On climate action, India called for the inclusion of “critical factors,” such as sustainable and responsible consumption and production and the provision of finance and technology for climate action, in the framework. Rome Declaration. These critical enablers are seen as critical to achieving the climate goals, first agreed under the Paris Agreement, by developing countries that need more finance and green technologies, the people quoted said. above.

Prime Minister Narendra Modi also made a personal effort in emphasizing the need for sustainable lifestyles, which found an echo in the Rome Declaration.

On the issue of phasing out coal as part of efforts to reduce greenhouse gas emissions, India’s suggestion not to tirelessly fund coal-fired power plants, rather than phase out completely coal, has been accepted, people said.

Relentless coal-fired power generation refers to the use of coal that is not mitigated by technologies aimed at reducing CO2 emissions, such as “carbon capture use and storage”.

In the area of ​​Covid-19 vaccines and post-pandemic recovery, India highlighted the need to optimize World Health Organization (WHO) processes and procedures for vaccine approval and l emergency use authorization, which has been approved by G20 leaders.

“This will strengthen the WHO so that it can recognize vaccines faster,” said one of the people named above.

India’s call to work on a common framework for the acceptance of vaccination certificates for reopening international travel was also included in the Rome Declaration.

The statement noted that the post-pandemic recovery “remains widely divergent between and within countries, and exposed to downside risks, particularly the possible spread of new variants of Covid-19 and uneven vaccination rhythms.”

G20 leaders also agreed on pressure from India to declare the Covid-19 vaccination as a global public good.

Modi’s suggestion of a minimum overall corporate tax rate of 15%, originally formulated at the 2014 G20 summit, was accepted by group leaders.

Source link

Previous FTSE 100 Live November 03: Asset buybacks by the US Federal Reserve, Bank of England interest rate meeting, upcoming sales increase
Next BIR shares EuRIC's concern about impact of export restrictions on circular economy