Daijiworld Media Network – Kananaskis
Kananaskis, Jun 17: Prime Minister Narendra Modi on Tuesday emphasised the need for trust, transparency and stronger global partnerships while addressing the G7 Outreach Session, stating that these principles are essential in an increasingly interconnected and uncertain world.
Expressing concern over disruptions to maritime trade, Modi highlighted the impact of tensions in West Asia and stressed the importance of ensuring the safety of seafarers. Referring to recent incidents in the Strait of Hormuz, he noted that several Indian civilians lost their lives amid the conflict.
"We welcome progress in peace efforts in West Asia. Our friendly countries in West Asia have suffered loss of life and property from this conflict. Due to the disruption of maritime trade in the Strait of Hormuz, the entire world economy suffered. Many civilians of India lost their lives," the Prime Minister said.
Calling for secure maritime routes, Modi said the global community has a collective responsibility to protect seafarers who play a crucial role in international trade.
"The safety of seafarers who connect all countries through global maritime trade is our responsibility. We must ensure that the sea lanes remain safe, and that seafarers can do their work without fear," he stated.
The Prime Minister underscored that modern challenges such as energy security, food security, health security, cyber security and economic prosperity transcend national borders and require international cooperation.
"A country's energy security, food security, health security, cyber security, and economic prosperity are no longer determined solely within its borders. Mobility, data, capital and technology connect us all," Modi said.
Highlighting the importance of international cooperation, he added that effective partnerships can only be built on a foundation of trust.
"In such a world, the importance of partnerships naturally increases. However, partnerships can succeed only when they are built on trust. Today, the most important strategic asset is not a mineral, technology, or market, but mutual trust," the Prime Minister said.
Modi's remarks came amid concerns over maritime security in the Gulf region following recent hostilities that disrupted shipping routes and affected global trade and energy supplies.