G20 Summit: PM Modi promises full cooperation to Xi Jinping for upcoming BRICS meet in China

07 July 2017, 03:29 PM
Prime Minister Narendra Modi (Pic: ANI)
Prime Minister Narendra Modi (Pic: ANI)

Prime Minister Narendra Modi, who is in the German city Hamburg to attend the G20 Summit, on Friday said that G20 should collectively oppose terrorism financing, franchises, safe havens, support and sponsors. He was speaking at the BRICS Leaders' informal meet.

At the informal meeting of the BRICS leaders on the sidelines of the G20 Summit here, Modi emphasised that it was necessary to work together for sustained global economic recovery. He also referred to the reforms carried out by his government, including implementation of the Goods and Services Tax (GST).

“BRICS has been a strong voice and needs to show leadership on terrorism and global economy,” Modi said. He emphasised that the G20 should collectively oppose terrorism financing, franchises, safe havens, support and sponsors.

Here are the highlights:

#3:00 PM

Modi promises full cooperation and best wishes to Chinese President Xi Jinping for the upcoming BRICS Summit in China

#2:45 PM

President Xi appreciated India's strong resolve against terrorism and momentum in BRICS introduced under India's Chairmanship: MEA

#2:30 PM: PM Modi speaks at BRICS leaders informal meet:

-There has been positive momentum in BRICS under chairmanship of President Xi Jinping, best wishes to him for upcoming BRICS Summit

-GST implemented last week is India's biggest tax reform in last 70 years. It'ill help businesses

-G20 should collectively oppose terrorism financing, franchises, safe havens, support and sponsors

-BRICS has been a strong voice & needs to show leadership on terrorism & global economy

Besides, he advocated a collective voice against the practice of protectionism, especially in the spheres of trade and movement of knowledge and professionals.

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The BRICS bloc comprises Brazil, Russia, India, China and South Africa. The BRICS leaders’ meet also come amidst a standoff between the armies of India and China in the Sikkim section. The G20 members, which include India and China, account for 80 per cent of the global economic output.

The G20, founded in 1999, comprises a mix of the world’s largest and emerging economies, representing about two-thirds of the world’s population, 85 per cent of global gross domestic product and over 75 per cent of global trade.

The members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the US, and the European Union.

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(With inputs from agencies)

First Published: Friday, July 07, 2017 02:33 PM
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