Union External Affairs minister S jaishankar on monday talked about the effects of globalization in today’s changing world. Stating that globalization today has designated currency, trade and tourism as “weapons”, jaishankar said it is being “weaponized” in various ways by dominant players. The Union minister on sunday arrived in the Nigerian capital Abuja from Lagos after attending the Non-Aligned Movement (NAM) Summit in Uganda.Addressing the Nigerian Institute of international Affairs in Lagos, jaishankar said, “Today, the currency is a weapon, trade is a weapon, tourism is a weapon. They may be dominant as producers, they may be dominant as consumers and often, with very little hesitation, leverage their market shares on the global system for their particular national purpose.”“We know that this is a world order that was devised in 1945 when the members of the United Nations were about 25 percent of what they are today. This world order continues obstinately because those who are in the driving seat don’t want to create more seats for other people to be at that engine,” he added. Emphasing on the long and and nurturing diplomatic relations between india and nigeria, jaishankar on monday said the two nations have agreed to strengthen people-to-people exchanges, energy, mobility and a slew of other sectors.The development came after jaishankar co-chaired the 6th Joint Commission Meeting between india and nigeria at Abuja along with his counterpart Yusuf Tuggar. The two leaders also discussed opportunities in the sectors of power, renewables, transport, healthcare, fintech, agriculture and security between the two countries. Terming nigeria as an important business partner of india, jaishankar said, “We have about 130 indian companies that have really put their economic future, struck roots in this country, to a point where they have actually become one of the largest employers in this country.”
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