Beijing: India on Friday said it was ready to join hands with China to evolve a new flexible “security architecture” that would be “open” and “inclusive” to ensure peace and stability in Asia and beyond.

“An open and inclusive architecture, which is flexible enough to accommodate the great diversity which exists in Asia, is needed,” External Affairs Minister Pranab Mukherjee told students and scholars at the prestigious Peking University here.

The Minister opposed creation of “sub-regional security arrangements that are narrow and ultimately ineffective.”

“We cannot transplant ideas from other parts of the world,” Mr. Mukherjee said a day after holding talks with his Chinese counterpart, Yang Jiechi, here.

In his speech on India’s Foreign Policy, he said: “We already have some dialogue forums in place, such as ARF (ASEAN Regional Forum), the CICA (Conference on Interaction and Confidence Building Measures in Asia) and the SCO (Shanghai Cooperation Organisation), where we are discussing security issues.”

As two major countries in Asia, India and China should try to work together to evolve a new framework “from these basic building blocks,” he said.

“We should work together towards peace, security and stability in Asia and beyond. For this, we will need to evolve a security architecture which takes into account the conditions prevailing in Asia,” Mr. Mukherjee said.

Common concerns

“I have no doubt that it will help us address our common concerns, such as the security of the sea lanes of communication, which are critical to trade and energy flows in our region and on which the future of our two countries will depend,” he told the audience.

Mr. Mukherjee said India and China should make joint efforts to ensure restructuring of the United Nations and other international political and economic institutions to attune them to current realities.

As two fastest growing emerging economies of the world, “cooperation between India and China transcends the bilateral sphere” and had global significance, he said.

Global governance structures — be they in the political domain, such as the U.N., or the economic domain, such as the IMF and World Bank — were still based on a world order that “is a sixty-year-old relic.”

There was an urgent need to restructure and democratise these global institutions, he said. — PTI

More In: Today's Paper