President Jacob Zuma and MaNtuli Zuma in New Delhi on March 28, 2012. The leaders of the Brics countries begin their fourth summit with the emerging market bloc struggling to convert its growing economic strength into collective clout., a photo by Pan-African News Wire File Photos on Flickr.
BRICS summit starting today in capital
New Delhi: Representing over 40 per cent of the world`s population, the leaders of five leading economies- Brazil, Russia, India, China and South Africa (BRICS)- will meet here today to discuss ways to enhance intra-BRICS trade and review the situation in the region.
The leaders have been arriving since yesterday for the fourth Summit, which is themed `BRICS Partnership for Global Stability, Security and Prosperity`. While Chinese President Hu Jintao arrived this afternoon, accompanied by a high-profile delegation comprising Foreign Minister Yang Jiechi, State Councillor Dai Bingguo, senior ministers and business leaders, Russian President Dmitry Medvedev, who arrived early this morning, has a big business group apart from senior officials.
Brazil President Dilma Roussef arrived yesterday morning, while South African President Jacob Zuma arrived with his wife Nompumelelo Ntuli and official delegation this morning. Ahead of the Summit tomorrow, the leaders will attend a banquet hosted by President Pratibha Patil in the evening. There is also a bilateral meeting between Russian President with his Chinese counterpart.
After the Summit, Prime Minister Manmohan Singh will hold bilaterals with the leaders, including the Chinese President that will cover various issues including bridging the trade deficit and fast-tracking the new confidence-building measures.
In the meeting, India is expected is to raise the issue of huge imbalance in bilateral trade which has exceeded about USD 70 billion, with the surplus heavily in China`s favour. Singh will also hold bilateral talks with the Russian President during which civil nuclear cooperation and other strategic issues are likely to figure. PTI