Prime Minister Narendra Modi on Thursday participated in the 14th BRICS summit organized by China through video conferencing. During this, he said that the outbreak of the corona epidemic has reduced globally than before, but many of its side effects are still visible in the global economy. We BRICS member countries have shared a very similar view of the governance of the global economy and therefore our cooperation can make a useful contribution to the global post-COVID recovery.
He said that over the years, we have undertaken several institutional reforms in BRICS, which has increased the effectiveness of this organization. Our New Development Bank membership has also increased. There are many areas where our cooperation is directly benefiting the lives of our citizens.
Modi said that in the last few years, there have been many institutional reforms in BRICS, which have increased the effectiveness of this organization. He expressed happiness that the membership of the New Development Bank has also increased. He said that there are many areas where our cooperation is directly benefiting the lives of our citizens.
In this episode, the Prime Minister mentioned steps like the establishment of a research and development center on vaccines, coordination between customs departments, arrangement of common 'satellite consultation', and traditional regularization of pharma products.
He said that such practical steps make BRICS a unique international organization whose focus is not limited to dialogue only. We have also strengthened our people-to-people contacts by increasing contacts between the BRICS Youth Conference, BRICS sports, and our civil society organizations and think tanks.
The Prime Minister expressed confidence that today's discussion will bring forth many suggestions to further strengthen the ties between the BRICS countries. China is chairing the BRICS summit this year. Chinese President Xi Jinping presided over the summit. Russian President Vladimir Putin also attended the conference. The theme of the summit is 'Promoting High-Quality BRICS Partnership, Beginning a New Era for Global Development'.
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