BRICS summit concluded with adoption of Goa Declaration

Posted on:17 Oct 2016 17:56:16

BRICS summit concluded with adoption of Goa Declaration
17 October 2016 Current Affairs: The eighth BRICS (Brazil, Russia, India, China and South Africa) summit was held from 15 to 16 October 2016 in Benaulim city of Goa, India. It was held under the theme Building Responsive, Inclusive and Collective Solutions.

The summit was attended by the Prime Minister Narendra Modi, Brazilian President Michel Temer, Russian President Vladimir Putin, Chinese President Xi Jinping and South African President Jacob Zuma.

At the end of the summit, Goa Declaration was released by the leaders saying it is the responsibility of all states to prevent terrorist actions from their territories. In the 109 point Declaration, the leaders called upon all nations to adopt a comprehensive approach in combating terrorism. They condemned the recent attacks against some BRICS countries, including the Uri terror attack in India.

Highlights  : The leaders condemned terrorism in all its forms and stressed that there can be no justification for such acts.They acknowledged that international terrorism, especially the Islamic State, constitute an unprecedented threat to international peace and security.

All five nations reaffirmed the commitment to increase effectiveness of the UN counter terrorism framework.

The Goa Declaration called for the need for reforms of the UN, including its Security Council, to increase representation of developing countries.

They also highlighted the importance of public and private investments in infrastructure, including connectivity.

Apart from this, the leaders of BRICS nations appreciated the progress in the implementation of the Strategy for BRICS Economic Partnership and emphasise the importance of the BRICS Roadmap for Trade, Economic and Investment Cooperation until 2020.

BRICS leaders welcomed the signing of the MoU between the BRICS countries National Development Banks and the New Development Bank.

The BRICS Grouping also welcomed the adoption of the landmark 2030 Agenda for Sustainable Development and its Sustainable Development Goals. Saying that the global economic recovery is progressing, they noted that the growth is weaker than expected with downside risks to the global economy continuing to persist.

They reiterated determination to use all policy tools to achieve the goal of sustainable and inclusive growth.


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