BRICS Summit: Held 'fruitful talks' with Xi, says Modi
06 September, 2017, 13:04 | Author: Chad Mckenzie
After entering an ante-chamber following a photo-op with China's President Xi Jinping, Modi enveloped Sisi in his trademark hug.
China witnessed bond issues exceeding $692bn this year as against bond issues exceeding $1100bn in first three quarters of last year. The meeting was significant as both leaders were meeting in the wake of over two months of standoff between Chinese and Indian soldiers at Doklam in Sikkim sector.
China, a close ally of Pakistan, has repeatedly blocked attempts by India to get the head of Jaish-e Mohammad added to a United Nations blacklist of groups linked to Al-Qaeda.
India Prime Minister while addressing the gathering talked about cooperation with developing economies.
Persons familiar with the developments indicated that atmospherics in which PM's China visit and meeting with Xi was conducted reflected that India's stature in the eyes of Beijing have enhanced in the way Delhi stood firm during the stand-off at Doklam.
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He also asked the BRICS to team up with the International Solar Alliance to exploit the solar energy and solar power.
"We need to make the global order more just and equitable".
"We should work together to address global challenges". "Without our participation, many pressing global challenges can not be effectively resolved", Xi told the gathering.
He also pledged US$500 million (S$677 million) for a South-South cooperation assistance fund to help developing countries deal with starvation, refugees, climate change and public health challenges.
"Our "no strings attached" model of cooperation is driven purely by the requirements and priorities of our partner countries", Modi said. The implementation of the Paris agreement on climate change is encountering resistance.
Also, the bloc defended the research by an institute of networks of the group to prioritizes innovation and communication technologies, initiative inside the industrial and technological revolution that, according to the Chinese president, humanity is living.
China had successfully hosted the Belt and Road Forum (BRF) for International Cooperation in May, this year.
Positive and constructive ties between the two largest economies in Brics "are crucial for the success of the future agenda of Brics cooperation and for Brics to play a leadership role for the wider grouping of developing countries", he said.
Modi met the Chinese president along with a delegation of senior Indian officials, including National Security Advisor Ajit Doval and Foreign Secretary S Jaishanker.
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Progress was made during the BRICS summit on an issue relating to a major point of discord between the two - China's ally and India's archrival, Pakistan. "I suggest that this can be brought about with our proactive approach, policies, and action", Modi said while putting forward ten noble commitments through which BRICS leadership in global transformation can be achieved.
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German Chancellor Angela Merkel said diplomacy is the best way to tackle the standoff with North Korea, in stark contrast to U.S. Merkel argued that the cease of the accession talks with Turkey can only be decided in the concert of the European Union states.
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