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BRICS Leaders' Informal Meeting on the margins of the G20 Summit Hangzhou, China 4 September 2016

The BRICS Leaders met on the margins of the G20 Summit in Hangzhou, China on 4 September 2016.

The Leaders exchanged views on a wide range of global political, security, economic and global governance issues of importance and mutual concern.

Cognizant of global growth challenges, the Leaders recognised that BRICS countries are confronted with new challenges in their respective economic growth. In this regard, they recognized that the economic growth prospects and momentum of BRICS countries will continue to be a critical engine for global economic growth.

The Leaders underlined the importance of further strengthening BRICS strategic partnership guided by principles of openness, solidarity, equality, mutual understanding, inclusiveness and mutually beneficial cooperation.

The Leaders underlined the importance of establishment of a just and equitable international order based on international law.

The Leaders congratulated and supported Chinese G20 Presidency for 2016 and expressed full confidence in the successful outcomes of the Hangzhou Summit. They appreciated the emphasis by the Chinese Presidency on the development agenda. They encouraged G20 members to strengthen macroeconomic cooperation, promote innovation, robust and sustainable trade and investment growth.

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Media Note on the Informal Meeting of the BRICS Leaders on the Margins of the G20 Summit in Antalya

The BRICS Leaders met on the margins of the G20 Summit in Antalya on 1 5November 2015.

The Leaders strongly condemned the abhorrent terror attacks in Paris. Theyexpressed their condolences to the families of the victims and extended their wishes for the speedyrecovery of those injured. They reaffirmed their support for the people and government of Franceand the efforts to bring the perpetrators to justice.

The Leaders recommitted to strengthencooperation among BRICS countries and with other nations in the fight against terrorism.

The Leaders commended Russia for the hosting of a successful Seventh BRICSSummit, contributing further to the enhanced intra-BRICS cooperation and appreciated the good paceof the implementation of the Ufa Action Plan.

The Leaders underlined the importance of strengthening BRICS strategicpartnership guided by the principles of openness, solidarity, equality, mutual understanding,inclusiveness and mutually beneficial cooperation.

The Leaders welcomed the substantive progress made this year in advancing intra-BRICS cooperation. The New Development Bank (NDB) is starting its operating activities and isexpected to launch its inaugural projects in the beginning of 2016. The NDB will enhancecooperation with existing and new financing institutions including Asian Infrastructure InvestmentBank. Furthermore, the BRICS Contingent Reserve Arrangement (CRA) has been established and willcontribute to the stability of the international financial system in view of the increasedvolatility of the world financial and economic situation.

The Leaders instructed relevant agencies of BRICS countries to engage actively inthe implementation of the Strategy for the BRICS Economic Partnership adopted at the Ufa Summit as well as in preparing a draft BRICS Roadmap for Trade, Economic and InvestmentCooperation until 2020.

The Leaders exchanged views on the main topics on the G20 Summit agenda and agreed to pursue issuesof mutual interest to the BRICS countries.

The Leaders agreed that the global economy was still at risk and its recovery was not yetsustainable, which underlines the importance of strengthening macroeconomic policy coordination andcooperation among G20 members to avoid negative spillovers and to achieve strong, sustainable andbalanced growth.  

The Leaders agreed that based on the progress already made, all G20 membersneed to focus on the implementation of their respective national growth strategies. They stressedtheir determination to continue to work together with other G20 members to make continuouscontributions to a more rapid, sustainable recovery of the global economy and towards the reductionof potential risks.

The Leaders noted that geopolitical challenges, including the politicization of economic relationsand the introduction of unilateral economic sanctions, continue to beset future prospects foreconomic growth. They urged the need to ensure that trade and economic blocs are consistent withWTO norms and principles and contribute to strengthening the multilateral trading system. Theydecided to strive to facilitate market inter-linkages and an inclusive, rules-based and open worldeconomy.

The Leaders agreed to continue the exchange and the coordination of positions among the BRICScountries on the G20 agenda to better accommodate interests of emerging market economies anddeveloping countries. In this context, they welcomed the first meeting of the BRICS Working Groupon Anti-Corruption on 1 November 2015, which would also contribute to the work of relevantmultilateral fora including the G20 Anti-Corruption Working Group (ACWG).

The Leaders expressed their deep disappointment at the lack of progress in modernizinginternational financial institutions, especially on the agreements on the reform of theInternational Monetary Fund (IMF). They urged the IMF – incooperation with its membership – to step up efforts in collaboration with the G20to find such solutions that would ultimately make it possible to increase the institution’s quotaresources and review the distribution of quotas and votes in favour of developing countries andemerging market economies. The adoption of the 2010 IMF reforms remains the highest priority forsafeguarding the credibility, legitimacy and effectiveness of the IMF and the Leaders urge theUnited States to ratify these reforms as soon as possible.

The Leaders welcomed the adoption of the 2030 Agenda for SustainableDevelopment at the United Nations Summit held in September 2015 as well as the Addis Ababa ActionAgenda and acknowledged the coordination and cooperation efforts made by the BRICS countries. Theyexpressed their commitment to the implementation of the 2030 Agenda for Sustainable Developmentincluding through strengthening cooperation among BRICS countries in this process and decided towork towards the improvement of the international development cooperation architecture.

The Leaders look forward to a successful outcome at COP 21 in Paris inDecember, and affirm their determination to adopt at the Paris Conference a protocol, another legalinstrument or an agreed outcome with legal force under the UNFCCC that is applicable to allParties. The Paris agreement should be fair, balanced, durable and comprehensive, reflecting theprinciples of equity and common but differentiated responsibilities and respective capabilities, inlight of different national circumstances.The Leaders declared their readiness to support China in its upcoming G20Presidency with a view to enhancing the leading role of the forum in meeting global financial andeconomic challenges. They encourage G20 members to strengthen macroeconomic cooperation, catalyzeinnovation, boost trade andinvestment, lead by example on global development cooperation.


Meeting of BRICS Ministers of Foreign Affairs

The BRICS Ministers of Foreign Affairs held their regular meeting on September 29, 2015, in New York on the margins of this annual session of the United Nations General Assembly which marks the 70th Anniversary of the founding of the United Nations and the end of the Second World War.

The Ministers paid tribute to all those who fought against fascism and militarism and for freedom of nations.

The BRICS Ministers reiterated their intention to contribute to safeguarding a fair and equitable international order based on the purposes and principles of the UN Charter, as stated in the Ufa Summit declaration. They recalled 2005 World Summit Outcome Document. They reaffirmed the need for a comprehensive reform of the United Nations including its Security Council with a view to making it more representative and efficient.

The Ministers discussed the current state of global economy and finances. They recognize the significant contribution of BRICS to the global economy and express full confidence in their economic prospects. They also highlighted the importance of decisive and effective actions to accelerate global growth. They reiterated the urgency of unblocking the IMF reform as a measure to reform global economic governance consistent with the interests and needs of the developing countries.

The Ministers stressed the importance of closer economic, financial and trade cooperation, particularly through policy coordination, timely implementation of the Strategy for BRICS Economic Partnership, and the full functioning of the New Development Bank and its African Regional Centre.

The Ministers expressed their full support for a successful outcome at the COP21 later this year. They called for a comprehensive, balanced and equitable agreement with legal force for the post-2020 period that is in conformity with the principles and provisions of UNFCCC to be attained in an open, transparent, inclusive negotiating process.

The Ministers expressed their concern over continued conflicts in various regions which undermine stability and security and provide fertile grounds for terrorist activities and cause migration waves.

They noted that terrorist activities of the extremist organizations which control large parts of territory of the Republic of Iraq and the Syrian Arab Republic pose a direct threat not only to all the countries of the Middle East, but to the whole international community.

The Ministers reiterated their strong condemnation of terrorism in all its forms and manifestations and expressed their conviction that a comprehensive approach was necessary to ensure an effective fight against terrorism.

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BRICS Joint Statement Regarding the Principles of Elaboration of International Instruments on Outer Spacе Activities

The BRICS comprising Brazil, Russia, India, China and South Africa,

Sharing the desire of the international community to strengthen the security and the long-term sustainability of outer space activities, as well as to ensure that outer space is used for peaceful purposes and for the benefit of all States, irrespective of the degree of their social, economic or scientific development,

Recognizing the relevance of the idea to elaborate аn international instrument of a voluntary nature, which would contain rules of behaviour in outer space that are acceptable to all States, and taking note of the work undertaken by the EU in this regard,

Reaffirm their position that the elaboration of such an instrument should be held in the format of inclusive and consensus-based multilateral negotiations within the framework of the UN, based on a proper and unequivocal mandate, without specific deadlines and taking into account the interests of all States, irrespective of their level of development, in order to reach a balanced outcome that addresses the needs and reflects the concerns of all participants,

Stress that an instrument aimed at complementing the existing international legal framework applicable to outer space activities should not contradict or undermine the existing agreements, arrangements and principles in this field,

Underline that such an instrument should actively promote international cooperation in the uses of outer space for peaceful purposes and should not be discriminatory by including provisions that would in fact set up thresholds that would limit the equal right of exploration and use of outer space by developing countries and emerging space-faring nations,

Assert that such an instrument should not contain provisions subject to discretionary national interpretation which could undermine the security and the long-term sustainability of outer spacе activities, decrease predictability in outer space and impact negatively on efforts to prevent an arms race in outer space,

Share the view that such an instrument should be based on transparency and confidence-building measures balanced from political, legal and technical perspectives, and that work on TCBMs should not prejudice or delay the elaboration of legally-binding instruments to strengthen the existing legal framework for outer space,

Take note that elaboration of such a document should not in any way duplicate or replace the work being currently carried out through other initiatives aimed at strengthening the security and the long-term sustainability of outer space activities, in particular, the safety of space operations,

Call upon all States to adhere to these principles while elaborating international instruments regulating outer space activities,

We believe that the appropriate outcome for this meeting would be for the meeting to conclude that the process be taken forward in the UN by agreeing upon a mandate for negotiating an internationally-supported instrument on outer space activities for peaceful purposes in an inclusive and transparent manner on the basis of consensus.

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