Broadening of economic coop is the key area of CICA activity, President
12:33, 21 May 2014
SHANGHAI. KAZINFORM "Broadening of economic cooperation is the key area of the activity of the Conference on Interaction and Confidence Building Measures in Asia (CICA)," President Nursultan Nazarbayev said today taking the floor at the first CICA plenary session.
"Today Asia is the locomotive of the world economy. Six Asian economies rank among the top 20 leading economies of the world. One third of the world's GDP falls on the CICA member states. Economic development of our region to a large extent determines the global trends," Nursultan Nazarbayev stated. "G-8, G-20 formats and other alliances existing today failed to elaborate effective measures in an effort to overcome negative consequences of the global economic crisis. That's why I proposed the G-Global Initiative in 2012. Above 150 countries of the world take an online part in it. This platform embraces the fundamental principles of the 21st century," President Nazarbayev said.