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India seeks greater coordination among BRIC, IBSA members

Last Updated: Thursday, April 15, 2010 - 23:50

Brasilia: With India seeking greater
coordination among the world`s fastest growing economies,
Prime Minister Manmohan Singh will brainstorm with leaders of
China, Russia, Brazil and South Africa on several key issues,
including a US-backed move for fresh sanctions on Iran over
its nuclear programme, at the IBSA and BRIC Summits here.

At the one day IBSA Summit in the Brazilian capital
here, Singh, Brazilian President Lula da Silva and South
African President Jacob Zuma, will also discuss global
economic crisis, climate change, terrorism and also
modalities for commercial and economic cooperation among the
member countries.

Iran will be part of "focussed agenda" of the BRIC
Summit for the first time to be attended by Singh, Russian
President Dmitry Medvedev, Chinese President Hu Jintao and
Brazilian President Lula da Silva, said Parbati Sen Vyas,
Secretary (Economic Relations) in the Ministry of External
Affairs.

The BRIC Summit, which was slated to be held tomorrow,
has been advanced by a day as Hu decided to cut short his stay
following a devastating earthquake in China.

The US, UK, France and Germany have been pressing the
BRIC to support fresh sanctions against Iran.

Brazil is a temporary UN Security Council member with
no veto power, but it is one of Iran`s biggest defenders at
the world body`s top table -- and therefore the focus of
lobbying by Washington and other western countries.

After the IBSA Summit, India, Brazil and South Africa
are expected to sign two trilateral MoUs. These are in the
areas of solar energy and science and technology.

"These groupings reflect the growing role of emerging
economies in shaping the global economic order," the Prime
Minister had said in a statement before leaving on his
two-nation tour.

He said the IBSA process has come of age. "Our
coordination on important international issues has expanded,
and our trilateral cooperation is beginning to bear fruit in
many sectors."

"We have a high stake in the revival of the global
economy, an open trading system, energy security, combating
climate change and addressing non-traditional threats to
international security," he said.

Terrorism is also expected to figure prominently in
the meet of the world leaders.

Singh, accompanied by his wife Gursharan Kaur, was
accorded a red-carpet welcome at the Brazilian Air Force Base
here with the presentation of ceremonial Guard of Honour and
21-gun salute.

The Prime Minister, who reached here from Washington on
the second leg of his two-nation tour, was received warmly by
Brazilian Defence Minister Nelson Jobin as the military band
played national anthems of the host country and India.

In the BRIC format, Foreign Ministers of the four
countries have been meeting regularly on the sidelines of
international conferences, including the UN General Assembly.

The BRIC countries represent 40 per cent of the
global population and are among the largest and fastest
growing economies with rich human and material resources. They
represent the future of the global economic landscape and have
a similarity of views on several issues like climate change
and reform of global institutions, including the UN.

In the IBSA format too, India, Brazil and South Africa,
the three fastest growing economies of three continents, have
been evolving common and coordinated approaches to the
challenges like global economic crisis and climate change
besides pushing efforts to enhance cooperation among
themselves.

-PTI

First Published: Thursday, April 15, 2010 - 23:50
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