Looking forward to 'productive' discussions at BRICS: Modi

Looking forward to 'productive' discussions at BRICS: Modi
Looking forward to 'productive' discussions at BRICS: Modi

03 September, 2017

Speaking at the second NDB-BRICS Business Council Dialogue in Shanghai, ahead of a September 3-5 BRICS Summit in Xiamen, Fujian province in East China, President K.V. Kamath said the bank has operated smoothly over the last two years.

China is concerned that Modi may raise the issue at the meeting because he did so at the Goa summit of BRICS a year ago, accusing Pakistan of being the "mother-ship of terrorism". "I also look forward to productive discussions and positive outcomes that will support the agenda of a stronger BRICS partnership under the chairmanship of China", the prime minister had said ahead of his visit to this Chinese city.

The BRICS business forum is expected to gather a record 1,200 participants, including representatives from almost 80 Fortune 500 multinationals, said Jiang Zengwei, head of the China Council for the Promotion of International Trade, at a press conference.

India is in a stronger position to raise the issue because US President Donald Trump recently accused Pakistan of sheltering terrorists and threatened to withdraw financial aid if Islamabad refused to mend its ways.

There has been substantive progress achieved since South Africa joined Brazil, Russia, India and China to form the bloc in 2011.

Xiamen: The BRICS group of emerging economies must promote trade liberalisation and an open world economy, Chinese president Xi Jinping said at a business meeting on Sunday at the start of a three-day summit being held in southeastern China.

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"We BRICS countries are committed to upholding global peace and contributing to the worldwide security order", the Global Times quoted Xi as saying.

About his first bilateral visit to Myanmar, Modi said both countries will look at strengthening existing cooperation in areas of security and counter-terrorism, trade and investment, infrastructure and energy, and culture.

The Prime Minister will head to Myanmar on a State visit. Later, the prime minister will visit Myanmar to boost bilateral ties from 5th to 7th September.

The Myanmarese president and Suu Kyi had visited India past year.

Modi snubbed a separate summit called by Xi in May to promote the Chinese leader's vision of reinvigorated ancient east-west trading routes, which is seen by many analysts as a Chinese geopolitical power play. "I am also keen to meet and interact with the Indian-origin community of Myanmar, whose history goes back more than a century", he said.

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