MIKTA is an informal middle power partnership between Mexico, Indonesia, South Korea, Turkey, and Australia. It is led by the Foreign Ministers. It was created in 2013 on the sidelines of the United Nations General Assembly in New York City and aims to support effective global governance. The group's diverse membership – in terms of culture, socio-economic structure and geography – lends it a unique perspective. It is a cross-regional, values-based partnership with several key commonalities. Importantly, all member states are G20 economies with similar GDP and an interest in ensuring global governance systems work for all states regardless of size and influence. These similarities provide a strong foundation for mutual cooperation. Furthermore, the diversity within the partnership allows the members to share their knowledge and perspectives resulting from varied experiences. A key aspect that distinguishes MIKTA from other multilateral groups is that it is an informal consultative platform, rather than a formal organisation. It provides a space for dialogue and innovative diplomacy to address current global issues. Information sharing and increased mutual understanding are central features of MIKTA. One of MIKTA's key strengths is its flexibility. It provides an informal environment in which topical issues can be discussed, without pressure to reach a consensus. It seeks to assume an adaptable form of multilateral cooperation, in contrast to traditional ‘blocs’, so as to afford an enhanced ability to maneuver effective global governance in a world of fast-paced developments. As all MIKTA members are also members of broader international organisations, such as the United Nations, World Trade Organization and G20, issues relevant to those forums can form the topics of consultation in MIKTA. This may involve cooperating on commitments made within those organisations or, on occasion, committing to additional goals or standards. It also provides an opportunity for these regional powers to engage in dialogue independently of larger economic powers.