Foreign ministers hold a meeting for the 17th Non-Aligned Movement (NAM) summit in Margarita Island, Venezuela, Sept. 16, 2016. (Xinhua/Boris Vergara)

ISLA MARGARITA, Venezuela, Sept. 16 (Xinhua)-- Foreign ministers and related envoys to the 17th Non-Aligned Movement(NAM) Summit in Margarita, Venezuela on Friday called for world peace and an end to regional conflicts.

This ministerial meeting worked to define the scope of the Margarita Declaration, which will be made public by the heads of state on Saturday.

Venezuela's Foreign Minister Delcy Rodriguez said that "emancipation, anti-imperialism and peace are the flags that define the XVII NAM Summit Venezuela 2016," according to state TV network Telesur.

Peru's ambassador to Venezuela, Mario Lopez Chavarri, echoed that the Margarita Declaration would reflect the united condemnation against a number of threats to global peace, including the nuclear tests causing tensions on the Korean Peninsula.

Chavarri advocated for "dialogue and the peaceful exchanging of ideas, as ways of maintaining peace and development."

Lebanon's ambassador to Venezuela, Elias Lebbos, insisted that the NAM group should help find more effective solutions to the problems in the Middle-East, including Palestine.

"Lebanon urges the members of the Non-Aligned Movement to strengthen cooperation between us as well as efforts to tackle the challenges we face," he said during his address.

For Omar Castaneda, Guatemala's permanent representative to the UN, "the underlying issues for all interested parties must be dealt with for an inclusive dialogue."

Venezuela's Minister of Oil and Mining Eulogio Del Pino said on Friday that the 17th NAM Summit should help promote the kind of consensus needed to stabilize world oil prices.

"Countries want a fair price for their gas and oil," said Del Pino, adding prices have been "in the hands of speculators ... in the past two years."

Despite concerns about differing conflicts, the gathered diplomats stood firm on condemning terrorism, extremism, fundamentalism, the proliferation of weapons of mass destruction and biological weapons.

The participants also agreed on a rejection of interventionism by states, preventive wars, economic blockades, and "unfair" differences in commercial exchanges.

Heads of state and top government officials will meet on Sept. 17-18 at the NAM summit.

The NAM is a group of 120 nations, which are not formally aligned, and share the goals of fighting imperialism, colonialism and oppression. It was founded in Belgrade in 1961.