By J Nastranis
NEW YORK (IDN) – South-South cooperation has come to stay as an important element of international cooperation for development – not as a substitute for, but rather as a complement to North-South cooperation.
According to the UN, it offers viable opportunities for developing countries and countries with economies in transition in their individual and collective pursuit of sustained economic growth and sustainable development.
To mark the importance of South-South Cooperation, the General Assembly decided to observe this Day on September 12 every year, commemorating the adoption in 1978 of the Buenos Aires Plan of Action for Promoting and Implementing Technical Cooperation among Developing Countries.