Express News Service
NEW DELHI: Prime Minister Narendra Modi and Chinese President Xi Jinping met on the sidelines of the BRICS Summit and exchanged views on the LAC.
“On the sidelines of the BRICS Summit, PM Modi in a conversation with President Xi Jinping highlighted his concerns on the unresolved issues on the LAC in the Western Sector of the India-China border areas. PM Modi underlined that the maintenance of peace and tranquility in the border areas and observing and respecting the LAC are essential for normalisation of the India-China relationship. In this regard the two leaders agreed to direct their relevant officials to intensify efforts at expeditious disengagement and de-escalation,” stated Foreign Secretary Vinay Mohan Kwatra in Johannesburg.
The two leaders had been additionally seen shaking arms and exchanging courtesies after the joint convention of the BRICS leaders. However, there was no official phrase of affirmation on whether or not President Xi confirmed his in-person participation for the upcoming G20 Summit in Delhi.
Meanwhile, the primary section of growth of BRICS has begun with six nations – Saudi Arabia, Iran, Ethiopia, Argentina, UAE and Egypt – set to affix on January 1 2024. Russia will host the sixteenth BRICS Summit in 2024 in Kazan.
“On the occasion of the 15th anniversary of BRICS, we have taken the decision to expand this forum. India has always fully supported the expansion as it will make BRICS more stronger and effective,” stated Prime Minister Narendra Modi welcoming the brand new members.
ALSO READ | BRICS to confess six new members subsequent yr; Iran, Saudi and Egypt amongst new entrants
PM Modi had bilateral conferences with leaders/representatives of South Africa, Iran, Ethiopia, UAE, Mozambique and Senegal.
Meanwhile, amongst the 94 factors that had been listed within the Johannesburg 2 Declaration, there have been mentions of looking for reforms within the UN, commerce in native currencies, the upcoming G20 Summit and countering terrorism.
“We support a comprehensive reform of the UN, including its Security Council, with a view to making it more democratic, representative, effective and efficient, and to increase the representation of developing countries in the Council’s memberships,” stated South African President Cyril Ramaphosa.
The declaration condemned terrorism in all its varieties and manifestations at any time when, wherever and by whomsoever dedicated. It reiterated that they had been dedicated to combating terrorism in all its varieties and manifestations, together with cross-border motion of terrorists, and terrorism financing networks and protected havens.
“We look forward to the successful hosting of the 18th G20 Summit in New Delhi under the Indian G20 Presidency. We note the opportunities to build sustained momentum for change by India, Brazil and South Africa presiding over the G20 from 2023 to 2025,” stated President Ramaphosa.
All leaders spoke about enhancing commerce in native currencies.
“We recognise the widespread benefits of fast, inexpensive, transparent, safe, and inclusive payment systems. We look forward to the report by the BRICS Payment Task Force (BPTF) on the mapping of the various elements of the G20 Roadmap on Cross-border Payments in BRICS countries,” the declaration talked about.
BRICS members shared their views on cost infrastructures, together with the interlinking of cross-border cost methods. There was emphasis on the significance of encouraging using native currencies in worldwide commerce and monetary transactions between BRICS in addition to their buying and selling companions.
The declaration additionally spoke about strengthening of correspondent banking networks between the BRICS nations and enabling settlements within the native currencies.
NEW DELHI: Prime Minister Narendra Modi and Chinese President Xi Jinping met on the sidelines of the BRICS Summit and exchanged views on the LAC.
“On the sidelines of the BRICS Summit, PM Modi in a conversation with President Xi Jinping highlighted his concerns on the unresolved issues on the LAC in the Western Sector of the India-China border areas. PM Modi underlined that the maintenance of peace and tranquility in the border areas and observing and respecting the LAC are essential for normalisation of the India-China relationship. In this regard the two leaders agreed to direct their relevant officials to intensify efforts at expeditious disengagement and de-escalation,” stated Foreign Secretary Vinay Mohan Kwatra in Johannesburg.
The two leaders had been additionally seen shaking arms and exchanging courtesies after the joint convention of the BRICS leaders. However, there was no official phrase of affirmation on whether or not President Xi confirmed his in-person participation for the upcoming G20 Summit in Delhi.googletag.cmd.push(perform() googletag.show(‘div-gpt-ad-8052921-2’); );
Meanwhile, the primary section of growth of BRICS has begun with six nations – Saudi Arabia, Iran, Ethiopia, Argentina, UAE and Egypt – set to affix on January 1 2024. Russia will host the sixteenth BRICS Summit in 2024 in Kazan.
“On the occasion of the 15th anniversary of BRICS, we have taken the decision to expand this forum. India has always fully supported the expansion as it will make BRICS more stronger and effective,” stated Prime Minister Narendra Modi welcoming the brand new members.
ALSO READ | BRICS to confess six new members subsequent yr; Iran, Saudi and Egypt amongst new entrants
PM Modi had bilateral conferences with leaders/representatives of South Africa, Iran, Ethiopia, UAE, Mozambique and Senegal.
Meanwhile, amongst the 94 factors that had been listed within the Johannesburg 2 Declaration, there have been mentions of looking for reforms within the UN, commerce in native currencies, the upcoming G20 Summit and countering terrorism.
“We support a comprehensive reform of the UN, including its Security Council, with a view to making it more democratic, representative, effective and efficient, and to increase the representation of developing countries in the Council’s memberships,” stated South African President Cyril Ramaphosa.
The declaration condemned terrorism in all its varieties and manifestations at any time when, wherever and by whomsoever dedicated. It reiterated that they had been dedicated to combating terrorism in all its varieties and manifestations, together with cross-border motion of terrorists, and terrorism financing networks and protected havens.
“We look forward to the successful hosting of the 18th G20 Summit in New Delhi under the Indian G20 Presidency. We note the opportunities to build sustained momentum for change by India, Brazil and South Africa presiding over the G20 from 2023 to 2025,” stated President Ramaphosa.
All leaders spoke about enhancing commerce in native currencies.
“We recognise the widespread benefits of fast, inexpensive, transparent, safe, and inclusive payment systems. We look forward to the report by the BRICS Payment Task Force (BPTF) on the mapping of the various elements of the G20 Roadmap on Cross-border Payments in BRICS countries,” the declaration talked about.
BRICS members shared their views on cost infrastructures, together with the interlinking of cross-border cost methods. There was emphasis on the significance of encouraging using native currencies in worldwide commerce and monetary transactions between BRICS in addition to their buying and selling companions.
The declaration additionally spoke about strengthening of correspondent banking networks between the BRICS nations and enabling settlements within the native currencies.
