BRICS Summit Day-2: Global economy, terror to take centrestage

South Africa President Jacob Zuma (L), Chinese President Xi Jingping (2L), Indian Prime Minister Narendra Modi (C), Russian President Vladimir Putin (2R) and Brazilian President Michel Temer (R) Photograph:( Twitter )

Agencies Goa, India Oct 16, 2016, 05.27 AM (IST)

Leaders of the Brazil, Russia, India, China and South Africa (BRICS)  nations are expected to discuss the global economy, political situation and the challenge posed by terror outfits on Day-2 of the eighth edition of BRICS Summit in western Indian state of Goa today. 


The two-day summit, that features as many as 115 events this year, kicked off on Saturday with an informal dinner, Indian news agency ANI reported. The theme for the summit is `BRICS - Building Responsive, Inclusive and Collective Solutions`.


As India hosts the summit, New Delhi looks forward to strengthening ties with the participating countries. Indian Prime Minister Narendra Modi revived bilateral relations with Russia as the two countries signed key defence pacts while terror yet again remained the talking point. Following the meeting between Chinese President Xi Jinping and Modi, Indian ministry of external affairs spokesperson hinted that second round of consultations for Nuclear Suppliers Group (NSG) will be held soon. 


On Sunday, the summit will start with a restricted meeting of five BRICS leaders, followed by a plenary session, BIMSTEC Meeting, and BRICS and a BIMSTEC Outreach Meeting. Pertinently, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. Indian Prime Minister will chair the BIMSTEC cooperation meeting.


"During the last two summits, we have had a BRICS Outreach, in which regional countries are invited by the host. Because of our Look East policy we decided that the group that we will invite is BIMSTEC and we have confirmations from all the BIMSTEC partners," Amar Sinha, secretary, economic relations (ER), ministry of external affairs,  said while briefing the media on the upcoming BRICS Summit in New Delhi on October 7.


"Now we are looking at creating BRICS Agricultural Research platform. We are also negotiating a BRICS Railway Research network. We have actually agreed on creating a BRICS Sports Council. In this connection, I may point out that the first Under-17 BRICS Football Tournament was started on 5th October in Goa, it will finish on the 15th. The three other agreements that have already been agreed are, MoU on Environmental Cooperation, Regulation on Customs Cooperation and an MoU on Cooperation between Diplomatic Academies of BRICS. There are number of other ideas that are being discussed but since we have not reached an agreement, I am not listing them out here, perhaps next year you will hear about them," he was quoted as saying  by ANI. 


Summit leaders will also look at BRICS cooperation with other emerging economies, issues of climate change, sustainable development goals (SDGs), financing for development and how to increase people-to-people contact. 


(WION with inputs from ANI)