EAM emphasised the importance of mining, infrastructure and defence as domains to be further explored. He said “Innovation and startups can help build more bridges. Our development partnerships with the LAC region will continue to deliver.”

Dr Jaishankar, while highlighting the global economic scenario, said, we need to build reliable and resilient supply chains as the world is passing through an uncertain and volatile period, where accumulated stresses of the past and the impending challenges of the future make up a very potential component. He underlined that the COVID-19 pandemic and its long-term consequences have impacted the developing countries and affected the Sustainable Development Goals (SDG) target as well. 

Source: DrSJaishankar

The Minister also noted that Ukraine’s conflicts for food, fuel and fertiliser security has been an additional stress point. He highlighted the need to de-risk the global economy from the dangers of over-concentration in any single geography.

Jaishankar added that India's collaboration with Latin America and the Caribbean must address the needs of health security. He said “both COVID and conflict have brought home to us the importance of food security, Latin America and the Caribbean have the ability to serve as a breadbasket, not just for themselves but for the entire world. To realise their full potential, there is a need for better technology, greater productivity, logistics, post-harvest storage and more food processing.The quest for energy security ranks only next to health and food security.