PM in Brazil to attend BRIC, IBSA Summits
Brasilia: Prime Minister Manmohan Singh arrived here on Thursday on a two-day visit during which he will attend the Brazil-Russia-India-China (BRIC) and India-Brazil-
South Africa (IBSA) Summits and hold bilateral meetings with Chinese President Hu Jintao and Russian President Dmitry Medvedev.
Singh, accompanied by his wife Gursharan Kaur, was accorded a red-carpet welcome at the Brazilian Air Force Base with the presentation of ceremonial Guard of Honour and 21-gun salute.
He was received warmly by Brazilian Defence Minister
Nelson Jobin as the military band played national anthems of
the host country and India, one by one.
The Prime Minister reached here from Washington on the
second leg of his eight-nation tour.
The two Summits will discuss global economic crisis
besides ways to enhance cooperation among the member countries
of the two groupings.
At the 2nd BRIC Summit, Iran`s nuclear issue and the
controversy surrounding it will also be discussed under the
grouping`s format by Singh, Russian President Dmitry Medvedev,
Chinese President Hu Jintao and Brazilian President Lula da
Silva. This will be the first time that Iran will be part of
focussed agenda of the grouping.
BRIC is a significant grouping comprising two of the
world`s leading energy producers -- Russia and China and top
energy consumers -- India and China, which officials say forms
the basis for natural synergy.
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, representing 40 per cent of the
global population, are among the largest and fastest growing
economies with rich human and material resources. They
represent the future of the global economic landscape.
With a similarity of views on several issues like climate
change and reform of global institutions, including the UN,
the four countries have been fine-tuning their collective
approaches to these issues.
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
After the IBSA Summit on Friday, India, Brazil and South
Africa are expected to sign two trilateral MoUs. These are in
the areas of solar energy and science and technology.
An MoU in the field of sport is also likely to be inked.
"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
He said the IBSA process has come of age as it today
encompasses a wide range of activities which supplement the
excellent bilateral relations that India enjoys with each of
"Our coordination on important international issues has
expanded, and our trilateral cooperation is beginning to bear
fruit in many sectors," the Prime Minister had said.
"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.
Singh will hold bilateral meetings with the Chinese
President and Russian President during his stay here.
Ahead of his meeting with Hu, Singh said in Washington
that India and China were working very hard to find a
"practical" and "pragmatic" solution to the boundary question
and it would "take time" to get resolved.
"Well we have the border problem and that problem has to
be resolved. We are working very hard to find to have a
practical, pragmatic solution to that problem," he said at a
press conference when asked about relations between India and
Noting that both countries "recognise that it would take
time", he said both the nations have agreed that pending the
resolution of the border issues, peace and tranquility should
be maintained along the Line of Actual Control and by and
large that situation prevails on the ground.
On the overall Sino-India relations, he said the economic
content of the relationship has increased significantly, with
China today being India`s largest trading partner.
There are large Chinese investments in our country and
there are large Indian investments in China. "On the economic
front the relationship is moving in the right direction," he
On multilateral issues, he said, there was a recognition
in China that there was a similarity of approach between the
two countries and they can gain by working together.
In this context, he referred to the Copenhagen conference
on climate change last December during which India and China
worked closely to block developed nations from imposing their
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