By Xinhua,
Kuala Lumpur : India urged Asian countries here Sunday to work together to push for the establishment of a global institute to handle rising global challenges.
The worldwide crisis is rising significantly, but nothing happened at the global institutional level, said Yashwant Sinha, former Indian foreign minister as the 17th World Economic Forum on East Asian (WEF on East Asia) opened here.
Asian countries should work together immediately to make sure a global institution responding to the global crisis be established, he said.
This is one of things that Asian countries could do together and this is also an opportunity for Asian nations, he added.
The 17th WEF on East Asia began at Shangri-La Hotel and some 300 delegations from business, politics, and the media circles of over 25 countries gathered here to discuss Asia’s response to the mounting crises facing the world, like energy and food securities, financial uncertainties.
WEF Managing Director Borge Brende, Vietnamese Deputy Prime Minister Hoang Trung Hai, and Yoshimi Wantanabe, Minister of Financial Services and Administrative Reform of Japan were among the participants debating Asia’s role in global economic leadership at the opening session of the two-day event.
Klaus Schwab, founder and executive chairman of WEF, was seen present as the event opening here on Sunday.