Intl community's commitment on tech transfer not fulfilled: PM

Beijing, Oct 25 (PTI) India Saturday lamented that
international community has not lived up to its commitments on
technology transfer and additional financing and mooted a
"global action plan" to promote both food and energy security
to ensure sustainable development.

Describing sustainable development as one of the biggest
challenges faced by the world, Prime Minister Manmohan Singh
said a lot of cooperative work was needed to transform it from
a mere buzz word to an operational strategy for development.

Singh said that unfortunately, international community
has not lived up to its commitments on technology transfer and
additional financing since the 1992 Rio Conference, also known
as the Earth Summit.

"We should pursue innovative mechanisms for raising
finance for development and creating a favourable Intellectual
Property Regime," he said addressing the 7th Asia-Europe
Meeting (A.S.E.M.) Summit here.

"We know that Asia is home to the largest concentration
of the world's poor. Poverty eradication at this scale
requires a collaborative global effort to promote development
and in particular to create job opportunities.

"If we fail, we will continue to live in a world of
instability and conflict," Singh, who was the first to speak
at one of the main sessions at summit, said.

He said the development strategies "that we adopt have to
result in a fair, equitable and balanced distribution of the
economic dividend."

At the same time, it must also preserve and protect the
environment. Only then can countries make faster progress in
meeting the Millennium Development Goals, he said.

"We therefore need to put in place a global action plan
to promote both food and energy security for managing the
challenges of both accelerated growth and its environmental
sustainability," he said. PTI A.K.J.
RKM