Narendra Modi G20 Summit: Within hours of reaching Hamburg in Germany for the G20 Summit from his extremely successful trip to Israel in which he ramped up India’s relationship with that country to strategic levels PM Modi in his brief speech in which he talked about a range of issues including defence and terror said, “We must stand against the terror financing and sponsoring”. Also, despite the rhetoric from the Chinese authorities, PM Modi had only warm words for President Xi Jinping.
PM Modi promised his full cooperation in BRICS. PM Modi said the BRICS countries must stand up “against restrictions and growing protectionism” while adding that movement of skilled labour is very important for the growth of world economy. On climate change, PM said the countries should follow the Paris agreement.
“There has been positive momentum in BRICS under the chairmanship of President Xi Jinping, best wishes to him for upcoming BRICS Summit,” Modi was quoted as saying by ANI. President Xi also appreciated India’s strong resolve against terrorism and momentum in BRICS introduced under India’s Chairmanship, ANI reported. The prime minister also called for expediting efforts to establish BRICS rating agency, PTI reported.
“We have to ensure that international financial institutions fully reflect the current economic balance,” the Prime Minister said in an apparent reference to the quota reforms at the World Bank and the International Monetary Fund (IMF). According to Modi, BRICS reflects stability, reform, progress and good governance in the world, the report further said.
“The decisions taken by us impact the entire world… We have to work collectively to sustain the global economic recovery,” he noted. “The GDP growth this year is likely to be more than 7 per cent… India’s reform agenda is continuously making progressing,” PTI quoted Modi as saying.
The G20 Summit began today in this port city as world leaders assembled to discuss fight against terrorism and ways to improve open trade while Prime Minister Modi met his counterparts from the BRICS bloc. While host German Chancellor Angela Merkel welcomed the leaders to open the 12th G20 Summit, a separate meeting of BRICS leaders took place on the sidelines. The official details of the BRICS meet could not be immediately ascertained. Outside the Summit venue, violent protests continued by various rights groups, including anti-capitalist groupings. The police had to resort to water canons, tear gas and pepper spray. Modi reached here last evening and has bilateral meetings lined up with various leaders, including from Japan, South Korea and Vietnam, the news agency reported.