(a) whether India participated in the recent BRICS Summit;
(b) if so, the details thereof;
(c) whether this Summit has given developing nations sufficient
leeway in the international fora with regard to access to
international finance and trade; and
(d) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF EXTERNAL AFFAIRS
(SMT. PRENEET KAUR)
(a) Yes.
(b) Prime Minister led the Indian delegation to the 3rd BRICS
Summit held in Sanya, China on 14 April 2011. The leaders exchanged
views on international situation; international economic and
financial issues including reform of international monetary
system and commodity price volatility; development issues covering
climate change, sustainable development, MDGs and WTO Doha Development
Round; and cooperation amongst BRICS countries.
Outcomes of the BRICS Summit were Sanya Declaration, a
Framework Agreement on Financial Cooperation within the BRICS
Inter-Bank Cooperation Mechanism and an MoU on establishing nodal
institutions in each member country for coordinating engagement
with the BRICS Business Forum. The BRICS Leaders also endorsed
an Action Plan to deepen and broaden cooperation among BRICS countries
in areas of security, agriculture, health, science & technology,
green economy, business links, culture and sports.
(c) & (d) The BRICS Forum, which brings together Brazil, Russia,
India, China and South Africa, has served a useful purpose for consultation,
coordination and cooperation amongst the BRICS countries on issues
of mutual interest. Decisions on issues pertaining to access of
developing countries to international finance and trade are taken
in other concerned fora/institutions.