India seeks greater coordination among BRIC, IBSA members
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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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