BRICS bond in times of Trump

On a crisp sunny winter day in the land of Madiba and Mahatma, leaders of BRICScountries clasped their hands together at the Sandton Convention Centre, Johannesburg and decided to sculpt a new edifice of reformed multilateral order as a bulwark against rising tides of unilateralism and parochialism. This joint intent to re-shape the global order was telescoped in the imparting of virtual hand impressions at the Cradle of Humankind at Maropeng by leaders of BRICS countries.

Read More

Modi’s China visit: Issues and unresolved questions

Prime Minister Narendra Modi’s visit to the coastal Chinese city of Xiamen was important for several reasons. For one, this was the first time PM Modi and President Xi Jinping were meeting face-to-face since the standoff at Doklam, which saw an unprecedented sabre-ratting from the Chinese side. Scheduled ahead of the 19th Communist Party Congress, whose dates – beginning 18 October, 2017 – were announced just after the disengagement agreement, the 9th BRICS Summit – attended by the leaders of India, China, Russia, Brazil and South Africa – was showcased by Chinese President Xi Jinping as a platform for his global leadership. A combination of these circumstances, in addition to concerns expressed by the US and other powers, probably including Russia, the highly tense Korean peninsula and some quiet diplomacy by the Indian side led to the disengagement where the CBMs between the two armies firmly held, despite the jingoistic noises.
On the eve of the Chinese Communist Party Congress, the Chinese leader’s sensitivity about his projection as a global leader, with the new US president becoming less globally engaged, remains a significant domestic political factor. The post-October emergent shape of the Chinese leadership would make considerable difference as to how stable global situation would be where India’s vital interests – and its multi-vector international relationships – remain at stake. Read more….

Read More

BRICS backs India on terror, targets Pakistan-based LeT and JeM

In a triumph of Indian diplomacy and a sign of an evolving entente with China, BRICS countries have collectively backed India’s concerns over cross-border terrorism, with a BRICS joint declaration naming for the first time Pakistan-based anti-India terror groups, including LeT, JeM and the Haqqani Network.
The leaders of India, China, Brazil, Russia and South Africa held discussions on a wide array of cross-cutting threats in the coastal city of Xiamen. Jointly combating terror figured prominently in the talks.
At the end of the meeting, the BRICS leaders came out with a joint declaration, which addresses India’s concerns over cross-border terrorism.
“We deplore all terrorist attacks worldwide, including attacks in BRICS countries, and condemn terrorism in all its forms and manifestations wherever committed and by whomsoever and stress that there can be no justification whatsoever for any act of terrorism,” the Xiamen Declaration said.
Alluding to the fragile and deteriorating security situation in Afghanistan, the declaration said: “We, in this regard, express concern on the security situation in the region and violence caused by the Taliban, ISIL/DAISH, Al-Qaida and its affiliates including Eastern Turkistan Islamic Movement, Islamic Movement of Uzbekistan, the Haqqani network, Lashkar-e-Taiba, Jaish-e-Mohammad, TTP and Hizb ut-Tahrir.”
The explicit mention of anti-India terror outfits, supported by Pakistan, in the Xiamen joint declaration is significant as China had opposed the inclusion of these terror organisations in the Goa summit declaration last year.
The inclusion of Pakistan-based terror groups has come as a surprise to analysts and BRICS observers here as Beijing had cautioned that Pakistan’s role in terrorism was not an appropriate subject for the BRICS summit.

Read More

Beyond Doklam: Modi hopeful of ‘positive’ BRICS summit

The resolution of the Doklam border standoff between India and China appears to have paved the way for a successful BRICS summit in Xiamen, with Prime Minister Narendra Modi stressing that he was looking forward to “productive discussions and positive outcomes that will support the agenda of a stronger BRICS partnership under the chairmanship of China.”
I also look forward to productive discussions and positive outcomes that will support the agenda of a stronger BRICS partnership under the chairmanship of China,” the Indian leader said.
In his message, Mr Modi underscored the importance of BRICS as a force for upholding world peace, a veiled reference to the potential and role of the BRICS grouping as a platform for easing tensions between member countries.
The 9th BRICS summit in Xiamen will mark the beginning of another decade of BRICS, with Chinese President Xi Jinping promising “a golden decade” of BRICS. The Xiamen summit is expected to culminate in a vision statement for consolidation and expansion of the BRICS to entrench it as the most influential forum of emerging economies and South-South cooperation.
Looking ahead, it seems the two emerging countries have decided to compartmentalize their bilateral relations and cooperation in pluralistic and multilateral forums like BRICS. In this regard, PM Modi’s bilateral talks with his Chinese host Xi Jinping on the sidelines of the BRICS summit will be crucial in mapping the way forward for this conflict-prone relationship between Asia’s leading economies.

Read More
Goa Brics India 2016

Goa summit and beyond: Charting the future of BRICS

India’s presidency of the BRICS grouping of emerging powers has come to an end after a packed year of more than a hundred events, meetings, and conventions. The highlight was the meeting of the Heads of States organised in Goa on 15-16 October where all the leaders of BRICS countries were in attendance.
International developments in the past couple of years have squarely put the spotlight on the constituent countries of the BRICS forum. Russia’s expanding role in Syria, China’s One belt One Road initiative, which will have massive economic and political implications for Eurasia, South and South East Asia and Africa, and the centrality of India’s and China’s emission pathways to the success of the international climate agreement have accorded these countries a central role in some of the major global challenges of our times.
But the BRICS forum itself has faced questions of continuity for some time now, and the considerable slowing down of their economies, increasing antagonism and strategic clashes between China and India, as well as the pre-eminence of the growing Russia-China partnership have further reinforced these doubts.
Seen in this context, the BRICS governments’ push to further institutionalise and consolidate their progress is an indication of the importance they still attach to the forum, and a decade since coming together, they seem poised to expand beyond being an economic grouping demanding a seat at the high table to substantial cooperation in other sectors.Within last year, BRICS countries greatly diversified their cooperation through working groups on counter terrorism, employment, environment, agriculture, health, economy and trade, education and vocational training, anti-corruption, infrastructure, information and communication technologies (ICTs), and energy.

Read More