Summit of the future: Idea of Cooperative Commodity Exchange mooted at UN Meet

New York : Secretary General of Confederation of NGOs of Rural India Mr. Binod Anand has given a clarion call to have an Interdisciplinary and Multi-sectoral approach to reorient global governance policies and mooted an idea of setting up Cooperative Commodity Exchange in this direction.
Delivering a key note address at ‘Summit of the Future’ organised at the headquarters of United Nations recently, Mr. Binod Anand said, “Creation of a Network of Commodity exchanges in the across various nation especially in the southern part of the globe in a Cooperative way (Coop- Eco- Framework) along with setting up of Cooperative Economic Zones with involvement of the public and private sector, will help create a robust value chain.”
“The financial sector, academia, other international and regional organizations, other relevant stakeholders, Study Centres Consortium may jointly create this framework to create millions of in situ employment to take the pact of the future and its benefit at ground level,” Mr. Anand added.
He further said that Global institutions like World Bank and IMF must adjust to their policies to create Cooperative led conducive and agile regulatory frameworks and enabling business environments through necessary structural reform, good regulatory practices to deepen the economic and technical cooperation, exchange of experiences and best practices to achieve sustainable and inclusive growth. Enabling the environment through a cooperative Economic framework will create a robust and quality infrastructure, financing and investment which will further leverage science, technology, innovation and digitalization.
Amid the changing geopolitical order with India repositioned as global leader in the multilateral platform, the Business must grow with a more decentralized approach.
“The Indian Cooperative economic framework will suggest ways and means to reduce inequality and to bring peace among communities, locally, nationally and of course globally. It would not get done by corporate vision alone; partnerships between the cooperative organization and public and private sector are a key step toward ensuring a sustainable, win-win economic environment for all,” he said.
He also advocated adopting Buddha’s teachings as a solution to trust deficit among nations and further emphasized in the presence of global leaders for the Buddha’s way of compassion, understanding, and non-violence, which are essential principles for building trust and cooperation among nations. By promoting these values, countries can work together to address global challenges such as climate change, poverty, and inequality.