The Fifth BASIC Ministerial meeting on climate change was held in Tianjin, China, on the 10th and 11th of October 2010. This joint statement was issued at its conclusion. It reemphasizes the primacy of equity in international climate negotiations. Ministers emphasised that the outcome of Cancun Conference should be based on the balance between and within the two negotiating tracks under Convention and KP, and that the Cancun Conference should be open, transparent, inclusive, party driven and based on consensus. Ministers supported the reflection of the elements of the Copenhagen Accord that contains the political understandings in the negotiating texts of the AWG-LCA and AWG-KP.