Speech  >>  Prime Minister's statement prior to his departure for Brazil for 6th BRICS Summit
Title: Prime Minister's statement prior to his departure for Brazil for 6th BRICS Summit
Date: 07/13/2014

Prime Minister's statement prior to hisdeparture for Brazil for 6th BRICS Summit

July13, 2014

I leave today for Brazilat the invitation of Brazilian President Dilma Rousseff to attend the SixthBRICS Summit being held in Fortaleza and Brasilia on 15-16 July 2014.


India attaches highimportance to the BRICS forum for promoting global economic growth, peace andstability. In the course of the past five summits and several ministerial andofficial processes, BRICS has made major strides in pursuit of these goals.


The meeting in Brazilwill usher in the second cycle of BRICS Summits. We meet at a time of politicalturmoil, conflict and humanitarian crisis in several parts of the world, andpersisting weakness and risks in the global economy. Many emerging economieshave experienced a slowdown, which has increased the challenge of pursuinginclusive and sustainable economic development.


I look at the BRICSSummit as an opportunity to discuss with my BRICS partners how we cancontribute to international efforts to address regional crises, addresssecurity threats and restore a climate of peace and stability in the world. Ialso look forward to our discussions to further advance intra-BRICS economiccooperation and our collective efforts to advance global economic stability andprosperity. In particular, I look forward to the successful conclusion of majorBRICS initiatives, like the New Development Bank and the Contingent ReserveArrangement, which have seen significant progress since their launch in NewDelhi in 2012. These initiatives will support growth and stability in BRICS andalso benefit other developing countries.


The Summit theme,"Inclusive Growth; Sustainable Development", will enable us to shapethe post-2015 Development Agenda being discussed in the United Nations.


The Summit will also bean occasion for my first meetings as Prime Minister with the leaders of ourimportant global partners – Brazil, China, Russia and South Africa. I lookforward to meaningful meetings with them to intensify bilateral relations andexchange views on global and regional developments. 


The Summit will alsoafford an opportunity to interact with a number of leaders of South Americancountries at a meeting being hosted by Brazil. India has traditionally enjoyedclose, cordial and mutually beneficial ties with these countries. We sharecommon aspirations and challenges. The Indian Diaspora in these countries alsoserves as the continent's enduring link with India. South America's all roundprogress makes it a potentially important pole of the global economy and a landof enormous opportunities for us. My interactions would enable us to explorenew ideas on further consolidating and expanding our ties with South America.


?New Delhi,
July 13, 2014?


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