MIKTA, is a new alliance borning ?

[-SINAN-]

Mexico, Indonesia, South Korea, Turkey, and Australia have agreed a plan to found their own cooperation organization that will be called MIKTA, a Russian foreign policy source said on Thursday.

Under this agreement, the five regional powers are going to hold regular consultative meetings to improve their cooperation based on similar economic development and global political leverage.

Mexico is first to hold the rotating chair in 2014 and will oversee the work on a joint declaration.

According to the Russian source, the five nations believe that “middle-tier” countries must keep together to stay afloat in the world-power dominated environment and make their voices heard on the international arena.

Mexico, Indonesia, Korea, Turkey, Australia to set up own cooperation union - News - Politics - The Voice of Russia: News, Breaking news, Politics, Economics, Business, Russia, International current events, Expert opinion, podcasts, Video

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Press Release of Turkish Ministry of Foreign Affairs :

H.E. Mr. Ahmet Davutoğlu, Minister of Foreign Affairs of the Republic of Turkey, who is participating in the United Nations’ 68th General Assembly accompanying H.E. Mr. Abdullah Gül, President of the Republic of Turkey, attended the first ministerial meeting of the “MIKTA” initiative held in New York on 25 September 2013. This initiative has been undertaken with the aim to establish an informal consultation and collaboration platform between Mexico, Indonesia, the Republic of Korea, Turkey and Australia.

The five countries participating in MIKTA platform, all of them members of the G-20, are open economies enjoying democratic pluralistic systems. These five countries, which are active actors in their regions, significantly contribute to regional and global peace and stability and pursue similar constructive approaches in the face of international challenges. This platform is considered to have the potential to make important contributions with a view to facilitating constructive solutions to regional and global challenges, increasing the efficiency of global governance and implementing the necessary reforms in global structures.

During the first MIKTA meeting held at Ministerial level, it was agreed to remain in closer cooperation and collaboration within the G-20 and other prominent international organizations and platforms, to further develop bilateral relations among the five participating countries, to determine the concrete fields where cooperation can be advanced in the framework of the initiative and to work in these fields.

Turkey will continue to contribute to this significant initiative with the understanding that the MIKTA platform could fill an important gap in the international arena and could facilitate the solution of major contemporary issues thus contributing to global peace, stability and prosperity.

No: 254, 26 September 2013, Press Release Regarding the MIKTA Initiative / Rep. of Turkey Ministry of Foreign Affairs

 

[Neptune]

I heard that news before. If that includes free trade opportunities, that'd be very very useful. We won't need SCO or EU anymore if It's true.

 

[That Guy]

I heard that news before. If that includes free trade opportunities, that'd be very very useful. We won't need SCO or EU anymore if It's true.

The SCO has always been out of the question as Turkey would never risk it's position in NATO to get a permanent seat in what many consider to be a rival organization.

The EU is still an end goal because of it's geographical proximity to Turkey. If Turkey can get some sort of economic deal with the EU, Turkey could once again experience a surge in it's economy that this so called new alliance "MIKTA" won't be able to match quite easily.