00:00Thank you, Excellency. Excellencies, ladies and gentlemen, it's a great pleasure to join you all
00:06at this summit, and I thank President Antonio Costa for taking this initiative.
00:13India is glad to join as a co-sponsor.
00:17We meet at a time when the global order is under stress.
00:22For some decades, the world has witnessed a steady rebalancing, which was a long-expected
00:30structural evolution. However, extreme competition, geopolitical tensions, and actual conflicts
00:40have given this an entirely different character.
00:46If left unchecked, it would call into question the very spirit of international cooperation.
00:54And that is why it is so essential that multilateralism asserts itself strongly at this juncture.
01:05At stake here are very real issues, not just words and expressions.
01:11The future of peace and international security, of climate action and climate justice, of emerging
01:20technologies and development finance, of countering terrorism and strengthening supply chains,
01:28and of ensuring disaster resilience and preparing for pandemics.
01:33All depend on a will to cooperate.
01:37Let us recognize that whatever we have achieved so far is only through collective efforts.
01:46The lesson here is to safeguard the good while striving for the better.
01:54That objective can be realized through a range of efforts, through a combination of initiatives,
02:01where ongoing conflicts are concerned, specific dimensions could be addressed, even while we strive for a broader peace.
02:12The 4F crisis of fuel, food, fertilizer, and finance cannot be left to itself.
02:21Where new capabilities and concerns arise, there is a very powerful case for frameworks and guardrails.
02:30Where there is a threat of choke points, dominance, and disruption,
02:36de-risking and diversifying must be encouraged.
02:39And where there is a compelling cause or a powerful case, the like-minded must have the confidence to come
02:49together.
02:50Multilateralism will be best served when international law, rules, and norms are scrupulously observed.
02:58For multilateralism to forge ahead, its advocacy and its practice must both be strengthened.
03:07Reformed multilateralism is therefore essential.
03:12More participative deliberations and more transparent decision-making are both overdue.
03:19That would provide the hope and the optimism, which is clearly needed by the UN system.
03:27And it would reinforce our resolve to work together.
03:31I thank you.
Comments