Furthermore, Brazilian President Michel Termer aimed to secure more foreign investment during the course of the BRICS summit this year to possibly counter Brazil’s current period of languid growth. The annual BRICS summit has helped galvanize a wide array of infrastructure projects, trade and poverty alleviation initiatives to ensure equitable and sustainable growth. We, in this regard, express concern on the security situation in the region and violence caused by the Taliban, ISIL/DAISH, Al-Qaida and its affiliates including Eastern Turkistan Islamic Movement, Islamic Movement of Uzbekistan, the Haqqani network, Lashkar-e-Taiba, Jaish-e-Mohammad, TTP and Hizb ut-Tahrir. We reaffirm that those responsible for committing, organizing, or supporting terrorist acts must be held accountable. ALL RIGHTS RESERVED. Termer expressed his wish to channel investment toward infrastructure projects and diversifying markets. China and India boast exponential growth rates, while countries such as Russia have been experiencing slower growth rates at present. The growth of the manufacturing sector and e-commerce has increased exponentially. These nations are key players on the world stage. Over the course of 2017, more than $30 billion will be channeled toward supporting projects in other key realms. [2] The summit was held in Xiamen, China, the second time the China has hosted the summit after the 2011 summit. The New Development Bank (NDB) and Contingent Reserve Arrangement is contributing much to improving social security nets, bettering infrastructure networks and regulating governance. Overall, future BRICS Summits will pave the way for pioneering global development initiatives and will be an important framework for governance and policymaking in the future, as it is essential that developing superpowers be immune to economic headwinds. The recent 2017 BRICS Summit held in Xiamen, China covered issues ranging from employment, commerce and finance, innovation and technology to reforms of the United Nations Security Council and improving counter-terrorism measures. The NDB has allocated over $1.4 billion to support four projects each in China, Russia and India. The leaders also focused on fortifying energy efficiency, tourism and improving youth exchanges, bilateral trade, and boosting investment in an integrated manner. We discussed various aspects of India-Russia relations. BRICS Summit 2017: PM Modi To Meet Chinese President Xi Jinping in Xiamen. Zuma spoke about the work of the African Union (AU) in this realm. BRICS Business Forum closes. BRICS Plus. pic.twitter.com/D4fIltvf10, Taking forward the agenda of Building Responsive and Inclusive Solutions. The above table shows that India has hosted the BRICS summits two times; first in 2012 and second in 2016. https://t.co/DRFUwh8WCk, Had a fruitful discussion with President Putin. We recognize the important contribution of BRICS countries to United Nations peacekeeping operations, and the importance of United Nations peacekeeping operations to international peace and security. It was its largest gathering yet, with non-BRICS countries like Guinea, Mexico, Egypt, Thailand, and Tajikistan in attendance as observers. Find Brics Summit 2017 Latest News, Videos & Pictures on Brics Summit 2017 and see latest updates, news, information from NDTV.COM. As a host to this year’s BRICS Summit, China pledged $76.4 million for a BRICS economic and technology cooperation agenda. BRICS: Stronger Partnership for a Brighter Future. In 2017 alone, it was reported that levels of trade between BRICS nations increased exponentially. The BRICS nations—Brazil, Russia, India, China and South Africa—account for a massive 30 percent of world’s GDP and a high proportion of international growth. Each country is dedicating a fixed proportion to the BRICS Development Bank. 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The 2017 BRICS summit was the ninth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa. BRICS countries are capitalizing on their positions to encourage trade liberalization within the bloc, especially in regards to increasing efficiency and overcoming red tape and bureaucratic weaknesses often associated with free trade. Amazing night view of Xiamen, host city for 2017 BRICS Summit. At the BRICS Summit, Prime Minister Narendra Modi was particularly concerned with tackling poverty and corruption, bolstering clean energy sectors, and ensuring gender parity. The 2017 summit had one major distinction though. Prime Minister Narendra Modi is in Xiamen in China to attend the 2017 BRICS Summit, PM concludes: We count on the BRICS Business Council to take us closer to our common objective of improving business &investment cooperation, As PM @narendramodi & Prez @MichelTemer meet on sidelines of #BRICS2017, look at the multifaceted #IndiaBrazil tieshttps://t.co/fhulaalB81pic.twitter.com/xI3Cn9a3rI, Here are highlights on my intervention at the BRICS Summit plenary session. The BRICS bloc works to integrate a number of global, national and regional development projects and agendas together, like the U.N. The annual BRICS summit has helped galvanize a wide array of infrastructure projects, trade and poverty alleviation initiatives to ensure equitable and sustainable growth. “The Borgen Project is an incredible nonprofit organization that is addressing poverty and hunger and working towards ending them.” Leaders attend Dialogue of Emerging Market and Developing Countries. Evening gala for 2017 BRICS Summit held in Xiamen. Shipments to and from countries are reaching record heights. However, even within BRICS nations, there are differences in aspects such as wealth distribution, growth rate and population control. – The Huffington Post, https://borgenproject.org/wp-content/uploads/The_Borgen_Project_Logo_small.jpg, BRICS Summit 2017: Another Step to Poverty Alleviation, Overcoming Language Barriers for Education in Malaysia, the inclusion of more developing countries. Key issues likely to dominate the 2017 BRICS Summit You're reading. The BRICS bloc strengthens positions of countries in Eurasia. It will also be the foundation for future agendas in the evolving world dynamic. The BRICS nations—Brazil, Russia, India, China and South Africa—account for a massive 30 percent of world’s GDP and a high proportion of international growth. The BRICS commitment could also bring India closer toward normalizing relations with China, especially after the Doklam border conflict. The bilateral meeting begins between Prime Minister Narendra Modi and with Russian President Vladimir Putin. Theme and Cooperation Priorities of 2017 BRICS Summit. China’s Belt and Road Initiative was an important part of the discourse, seeing as it has gained much traction globally since its inception. Similarly, the BRICS Business Council helps strengthen cooperation among BRICS countries in e-commerce, technical development and agenda-setting. The bloc wants to expand its potential and scope in future. Brics summit 2017 Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. President Xi Jinping also pledged $4 million to the NDB. @KremlinRussia_Epic.twitter.com/pAq07YlUed, A partnership based on a common global vision & shared democratic values. Economic development; T T. he ninth annual BRICS summit gets underway in Xiamen from 3 – 5 September under China’s chairmanship. PM @narendramodi  engages with Brazilian President @MichelTemerpic.twitter.com/ifoEyCDygj, PM @narendramodi seeks strong partnership among #BRICS nations to spur growth https://t.co/6aLW3vn7CO#BRICSSummitpic.twitter.com/hmFJ2D3Qxu, #BRICS Business Council meeting later in the day, 4 agreements to be signed: Preeti Saran, Secretary (East), @MEAIndia#BRICSSummit, #BRICSSummit | @MEAIndia addresses a press conference in Xiamen, China Watch LIVE: https://t.co/hMlRpgrUU6pic.twitter.com/WKDi4WJlJI, PM @narendramodi meeting Russian President Mr. Vladimir Putin, on the sidelines of 9th #BRICSSummit in Xiamen, China pic.twitter.com/o6t5zHk0ek, PM @narendramodi at the #BRICS Plenary Session in Xiamen, China | Track LIVE #BRICSSummit updates here: https://t.co/WM0StfxNs2pic.twitter.com/ma3XcfqzJw, PM Shri @narendramodi and other BRICS leaders, at the Plenary Session of the 9th BRICS Summit in Xiamen, China. The AU recently announced the opening of the African Regional Centre. When asked whether China halted the work on a road in Doklam to end the standoff so that the BRICS summit … Explore more on Brics Summit 2017. We reaffirm our support to the people of Afghanistan in their efforts to achieve "Afghan-led and Afghan-owned" peace and national reconciliation, to the ongoing international efforts, including the Moscow Format of consultations on Afghanistan and "Heart of Asia-Istanbul Process", as well as multimodal connectivity  projects  to  promote  peace  and  stability,  to  the  fight  against terrorism and drug-threat, and to the national reconstruction efforts by Afghanistan. As the BRICS bloc often invites many non-BRICs members to observe annual proceedings, it could possibly lead to the inclusion of more developing countries in future. The summit was held in Xiamen, China, the second time the China has hosted the summit after the 2011 summit. South African President, Jacob Zuma, focused on the implementation of the U.N.’s Sustainable Development Goals 2030 to eradicate poverty at the 2017 BRICS Summit. The next BRICS summit will be held in Saint Petersburg Russia in … Key issues likely to dominate the 2017 BRICS Summit. © COPYRIGHT NDTV CONVERGENCE LIMITED 2020. India recently joined the Shanghai Cooperation to ensure more social stability and economic security. 6 min min read. These nations are key players on the world stage. 30 Aug 2017. This page was last edited on 6 June 2020, at 04:25. The sound system of Xiamen 2017 BRICS Summit. Prime Minister Narendra Modi will meet Chinese President Xi Jinping on Tuesday at the end of the BRICS summit 2017 in Xiamen for the first time since the resolution of the two-month standoff in Doklam.