India Calls For Global Crises Center

India calls for establishing global institute to handle global crises

KUALA LUMPUR, June 15 (Xinhua) -- India urged Asian countries here Sunday to work together to push for the establishment of a global institute to handle rising global challenges.

The worldwide crisis is rising significantly, but nothing happened at the global institutional level, said Yashwant Sinha, former Indian foreign minister as the 17th World Economic Forum on East Asian (WEF on East Asia) opened here.

Asian countries should work together immediately to make sure a global institution responding to the global crisis be established, he said.

The 17th WEF on East Asia began at Shangri-La Hotel and some 300 delegations from business, politics, and the media circles of over 25 countries gathered here to discuss Asia's response to the mounting