Bored of the BRICs - what about MIKTA..?

As emerging market growth continues to re-write the global geo-political map a new bloc - MIKTA - has emerged. The Foreign Ministers from Mexico, Indonesia, South Korea, Turkey and Australia explain why this new group is needed...

MIKTA as a Force for Good

Guest Op-Ed by: the Foriegn Ministers of Mexico, José Antonio Meade; Indonesia, Marty Natalegawa; South Korea, Yun Byung-se; Turkey, Ahmed Davutoglu; and Australia, Julie Bishop.

A significant meeting took place on the 13th and 14th of April 2014 in Mexico City. We came together for the second meeting of the Ministers of Foreign Affairs of MIKTA (Mexico, Indonesia, Korea, Turkey and Australia). This new platform, created at the inaugural meeting held last September in New York at the margins of the High-Level Week of the UN General Assembly, has a real potential to act as a force for good in global affairs.

The five foreign ministers meet in Mexico

The global dispersal of power, the ascendance of regionalism and the growing presence of non-state actors are some of the salient features of the evolving international scene. In a rapidly changing world, power, authority and wealth are diffusing from traditional centres to a wider sphere. Globally, this diffusion is leading to increased shared benefits, but also more responsibility.

Emerging regional actors are gaining a new prominence. Global peace and stability increasingly lie in the harnessing of regional interests and arrangements with global ones. This task is not as easily done as said. In order to build these ties, we need political recognition of the common need to come together for cooperation and coordination on the basis of functional needs. Above all, this involves contributing to the effective functioning of the multilateral order and to addressing shortcomings of global governance.

"In a rapidly changing world, power, authority and wealth are diffusing from traditional centres to a wider sphere…"

In this context, it is no surprise that a new tendency in global governance is to find spaces for regional dialogue on relevant issues. MIKTA has come into being against this functional backdrop. What brings MIKTA countries together is the functional need to cooperate, coordinate and work constructively with each other and other states in the face of global and regional challenges concerning us all.

It is also not surprising that the very thought which gave birth to MIKTA emerged thanks to our joint deliberations in the G-20. Representing 85% of the global economy, 80% of world trade and 2/3 of the world population, the G-20 has contributed to strengthening the role and participation of emerging market economies in global governance. Major emerging market economies have started to take more responsibility in line with their growing weight in the global economy and their increasingly prominent role in global politics.

We have launched MIKTA as an informal platform of countries which are like-minded on many issues. MIKTA is comprised of important regional actors whose active contribution is essential for devising solutions to regional problems. Additionally, we are engaged in meaningful bilateral relations with each other. This makes MIKTA well-placed to contribute to global governance reform and G-20 work as well as to facilitate solutions to global challenges. Our countries can help make the G-20 more effective in reaching consensus and attaining concrete results. The best way to achieve this is if all members are engaged equally and the G-20 acts coherently as a group.

Industrial growth has given the 'MIKTA Five' a greater role in global trade

The five countries participating in the MIKTA platform are a diverse group. Yet, we share core values and face similar challenges. We are open economies enjoying democratic pluralistic systems. We are strategically located and strongly linked to our surrounding regions in all aspects. We all have dynamic economies with robust growth rates. We are like-minded on many of the principal challenges of the day and are active contributors in the main global fora. We all see “regional ownership” as key. These attributes provide a sound basis for our cooperation.

MIKTA is based on a common interest in strengthening multilateralism, supporting global efforts for stability and prosperity, facilitating pragmatic and creative solutions to regional and global challenges and implementing the needed reforms in global governance structures. Our exchanges will be informal, flexible and issue-driven under MIKTA. Consultations intend to focus on issues on which we can provide added value. Furthermore, we have agreed to foster the institutional framework governing our relations in the political, economic and other cooperation fields.

The MIKTA platform can fill an important gap in the international arena. We will remain engaged in taking forward this important initiative and advance a constructive role for it within the international community.