18 Oct 2016

Important Points about 8th BRICS Summit Goa Declaration | GK Updates for IBPS PO/Clerk/RRB Exams 2016

Important Points about 8th BRICS Summit Goa Declaration | GK Updates for IBPS PO/Clerk/RRB Exams 2016
Important Points about 8th BRICS Summit Goa Declaration | GK Updates for IBPS PO/Clerk/RRB Exams 2016:
Dear Readers, The 8th BRICS (Brazil, Russia, India, China and South Africa) summit was held on 15th and 16th October 2016 in Benaulim city of Goa, India.


Theme: Building Responsive, Inclusive and Collective Solutions.
Participants:  
·        Prime Minister Narendra Modi
·        Brazilian President Michel Temer
·        Russian President Vladimir Putin
·        Chinese President Xi Jinping
·        South African President Jacob Zuma
Goa Declaration: At the end of the summit, Goa Declaration was released by the leaders saying it is the responsibility of all states to prevent terrorist actions from their territories. In the 109 point Declaration, the leaders called upon all nations to adopt a comprehensive approach in combating terrorism. They condemned the recent attacks against some BRICS countries, including the Uri terror attack in India.

Highlights of 109 point Goa Declaration adopted at 2016 BRICS Summit
·        The leaders condemned terrorism in all its forms and stressed that there can be no justification for such acts.
·        They acknowledged that international terrorism, especially the Islamic State, constitute an unprecedented threat to international peace and security.
·        All five nations reaffirmed the commitment to increase effectiveness of the UN counter terrorism framework.
·        The Goa Declaration called for the need for reforms of the UN, including its Security Council, to increase representation of developing countries.
·        They also highlighted the importance of public and private investments in infrastructure, including connectivity.
Apart from this, the leaders of BRICS nations appreciated the progress in the implementation of the Strategy for BRICS Economic Partnership and emphasise the importance of the BRICS Roadmap for Trade, Economic and Investment Cooperation until 2020.
BRICS leaders welcomed the signing of the MoU between the BRICS countries National Development Banks and the New Development Bank.
The BRICS Grouping also welcomed the adoption of the landmark 2030 Agenda for Sustainable Development and its Sustainable Development Goals. Saying that the global economic recovery is progressing, they noted that the growth is weaker than expected with downside risks to the global economy continuing to persist.
They reiterated determination to use all policy tools to achieve the goal of sustainable and inclusive growth.

Focus of the Summit
·        The summit’s focus was on enhancing people-to-people (P2P) contacts of BRICS member states, especially youth. In this context, India conducted activities like U-17 Football Tournament, Youth Summit, Young Diplomats’ Forum, and Film Festival among others.
·        The ninth BRICS Summit will be hosted by China in 2017. In 2015, the seventh BRICS summit was held from 8 to 9 July in the Russian city of Ufa in Bashkortostan.
·        Besides, on the sidelines of the 2016 BRICS Summit, the leaders also held an outreach summit with the Leaders of BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) member countries.
·        The BIMSTEC countries comprises of Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
·        During this outreach BRICS-BIMSTEC summit, the leaders planned to jointly explore possibilities of expanding trade and commercial ties between the member nations of the two international orgaisations.
·        They Decision on investment cooperation between BRICS and BIMSTEC countries was made, while advancing on the common goal of peace, democracy, development, and prosperity.

IMPORTANT FACT TO KNOW ABOUT BRICS NATIONS
·        The theme for 2016 BRICS Summit was - Building Responsive, Inclusive and Collective Solutions
·        The 2016 BRICS Summit concluded with adoption of Goa Declaration, it is the responsibility of all states to prevent terrorist actions from their territories
·        The ninth BRICS Summit will be hosted by China in - 2017
BRAZIL
·        Capital: Brasília
·        Currency: Brazilian real
·        President: Michel Temer
RUSSIA
·        Capital: Moscow
·        Currency: Russian ruble
·        President: Vladimir Putin
·        Prime minister: Dmitry Medvedev
INDIA
·        Capital: New Delhi
·        Currency: Indian rupee (INR)
·        President: Pranab Mukherjee
·        Vice-President: Mohammad Hamid Ansari
·        Prime Minister: NarendraModi
·        Chief Justice: T. S. Thakur
CHINA
·        Capital: Beijing
·        Currency: Renminbi (yuan; ¥)
·        President: Xi Jinping
SOUTH AFRICA
·        Capital: Pretoria (executive)   Bloemfontein (judicial) Cape Town (legislative)   
·        Currency: South African rand (ZAR)
·        President: Jacob Zama
·        Deputy President: Cyril Ramaphosa




 

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