Foreign Minister for global challenges: We are at a critical juncture

We are at a critical juncture, Foreign Minister Nikos Christodoulidis said on Tuesday, referring to global challenges, including pandemics, climate change, cybercrime and extremism, stressing that cooperation is infinite.

Speaking at this year’s Diplomat Awards, organized for the third consecutive year by the CCCI, Mr. Christodoulidis said that in 2021 global economic activity is strengthening, but there remain a number of challenges related to the pandemic, including supply chain disruptions. inflationary pressures and labor shortages. At the same time, he said, other global challenges are equally pressing, such as climate change, cybercrime and extremism.

“Therefore, we are at a critical juncture and we are given a unique opportunity to rebuild a more resilient, inclusive and sustainable recovery, in order to ensure the well-being of our citizens. “In this way, homogenous countries must identify new ways of cooperating to manage these necessary changes more efficiently and effectively,” he said.

He referred to the “NextGenerationEU” funding package adopted by the EU, which is expected to provide € 750 billion in loans and grants to Member States to address the social and economic impact of the pandemic and to make European economies and societies more sustainable, resilient and better prepared for the challenges and opportunities to come.

He added that in this context, Cyprus has developed an ambitious national plan for recovery and resilience, which includes at least 133 reforms and investments, many of which will focus on the country’s green and digital transition. The Plan, he said, is in line with the new long-term strategy for a sustainable development model for Cyprus, the “Vision 2035”. “The goal is to strengthen the competitiveness of the economy, to improve its resilience to adverse internal and external factors and to improve the potential for sustainable and long-term growth,” he noted.

“At the regional level but also at the global level, the opportunities for cooperation are endless, especially when we realize the collective potential for prosperity through cooperation,” said Mr. Christodoulidis.

“For diplomats, one of our key roles is to lead and facilitate transnational cooperation, both in the recovery from Covid-19 and in other international challenges. “As the world begins to rebuild, we need to focus on bringing together like-minded countries, deepening cooperation in areas such as health, technology, trade and climate change.”

He added that in this direction, Economic Diplomacy can play a more important role than ever and noted that in recent years the further development of Economic Diplomacy was one of the priorities of the Ministry, in order to promote more effectively the economic and business cooperation of Cyprus. with other countries, providing a much-needed boost to its economy.

Recalling that the Council of Ministers approved last week the Cyprus Economic Diplomacy Strategy, Nikos Christodoulidis said that the desired impact of the Strategy is the strengthening of economic prosperity from increased trade, foreign direct investment and the growth of innovation. (branding) abroad, by strengthening government capabilities and international influence, maximizing the benefits of diplomatic relations.

He noted that the desired impact will be sought through the promotion of the following strategic objectives:
Contribution to the increase of exports and market share for the Cypriot business sector.
Attracting Foreign Direct Investment (FDI), oriented to efficiency and strategic resources, that maximize added value and can pass on innovation to the economy.
Promotion and consolidation of a coherent and relevant national image of Cyprus abroad.

According to the Minister, economic diplomacy is exercised in full alignment with the policy axes of the government and the political priorities of the competent Ministries, as they are integrated in the Strategic Fiscal Policy Framework and in the annual budget.

Concluding, the Minister said that “we are committed to strengthening cooperation with all of you – Ambassadors and all diplomats accredited in Cyprus – in an effort to further strengthen our economic, political and cultural ties. “It’s a vision of resilience and sustainability that I know we all share, in our immediate area in the Eastern Mediterranean, the Middle East and the Gulf, in our big EU family and around the world.”

Source: KYPE

Leave a Reply