Davos 2014: leaders call for deeper cooperation between super powers

Deeper collaboration among Europe, the United States and China could drive progress in addressing major global challenges

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Leaders from the United States, Europe and China agreed in Davos on Thursday that deeper cooperation was key for solving international problems.

“Deeper collaboration among Europe, the U.S. and China could drive progress in addressing major global challenges such as the environment and achieving a new multilateral trade regime,” read a joint statement from the countries at the World Economic Forum Annual Meeting in Davos, Switzerland on Thursday.

Enhancing relations between the three super powers could help solve challenges facing the international community such as environmental issues and a new multilateral trade regimes agreed business and government leaders from the three biggest economies in the world, the statement said.

“If China, the European Union and the U.S. are able to align their strategic interests in the global system, that would be a very good thing,” Nick Clegg, Deputy Prime Minister of the United Kingdom, told participants.

“The U.S., Europe and China are different in culture, systems and language,” noted Wang Jianlin, Chairman of Dalian Wanda Group of China. “But differences are not what is most important; cooperation is. We must work together.”

For a successful collaboration between the three powers, U.S.-China relations will have to be strengthened, agreed members of the meeting.

There is a certain degree of trust deficit,” said Joseph S. Nye Jr, University Distinguished Service Professor at the Harvard Kennedy School. “But the more contact we have, the better it will be to build trust.”

Lloyd C. Blankfein, Chairman and Chief Executive Officer of Goldman Sachs Group, said: “With trust comes more opportunity. We are still in the blush of young love; it will take a while.”

The statements were made during a session on the potential for trilateral cooperation at the 44th Annual Meeting of the World Economic Forum.

The nature of the discussion fit within the theme of this year’s forum of “The Reshaping of the World: Consequences for Society, Politics and Business.”

The World Economic Forum Annual meeting is taking place from Jan. 22 to Jan. 25. with participation from over 2,500 leaders from nearly 100 countries, including 300 public figures, 1,500 business leaders and representatives from civil society, academia, the media and arts.

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