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II BRIC Summit - Joint Statement, 16 April 2010 (BRIC summit
called for transformations in global governance)
We, the leaders of the Federative Republic of Brazil,
the Russian Federation, the Republic of India and the People’s Republic of China, met in Brasília
on 15 April 2010 to discuss major issues of the international
agenda as well as concrete steps to move forward the cooperation
and coordination within BRIC.
We have agreed on the following:
Common Vision and Global Governance
1. We share the perception
that the world is undergoing major and swift changes that highlight
the need for corresponding transformations
in global governance in all relevant areas.
2. We underline our support for a multipolar, equitable and democratic
world order, based on international law, equality, mutual respect,
cooperation, coordinated action and collective decision-making
of all States.
3. We stress the central role played by the G-20 in combating
the crisis through unprecedented levels of coordinated action.
We welcome the fact that the G-20 was confirmed as the premier
forum for international economic coordination and cooperation
of all its member states. Compared to previous arrangements,
the G-20 is broader, more inclusive, diverse, representative
and effective. We call upon all its member states to undertake
further efforts to implement jointly the decisions adopted at
the three G-20 Summits.
We advocate the need for the G-20 to be proactive and formulate
a coherent strategy for the post-crisis period. We stand ready
to make a joint contribution to this effort.
4. We express our strong commitment to multilateral diplomacy
with the United Nations playing the central role in dealing with
global challenges and threats.
In this respect, we reaffirm the need for a comprehensive reform of the UN, with
a view to making it more effective, efficient and representative, so that it
can deal with today’s global challenges more effectively. We reiterate the importance
we attach to the status of India and Brazil in international affairs, and understand
and support their aspirations to play a greater role in the United Nations.
5. We believe the deepened and broadened dialogue and cooperation of the BRIC
countries is conducive not only to serving common interests of emerging market
economies and developing countries, but also to building a harmonious world of
lasting peace and common prosperity. We have agreed upon steps to promote dialogue
and cooperation among our countries in an incremental, proactive, pragmatic,
open and transparent way.
International Economic and Financial Issues
6. The world economic
situation has improved since our first meeting in June 2009,
in Ekaterinburg. We welcome the resumption
of economic growth, in which
emerging market economies are playing a very important role. However, we recognize
that the foundation of world economic recovery is not yet solid, with uncertainties
remaining. We call upon all states to strengthen macroeconomic cooperation, jointly
secure world economic recovery and achieve a strong, sustainable and balanced
growth. We reiterate our determination to make positive efforts in maintaining
domestic economic recovery and promoting development in our own countries and
7. We underline the importance of maintaining relative stability of major reserve
currencies and sustainability of fiscal policies in order to achieve a strong,
long-term balanced economic growth.
8. We are convinced that emerging market economies and developing countries have
the potential to play an even larger and active role as engines of economic growth
and prosperity, while at the same time commit to work together with other countries
towards reducing imbalances in global economic development and fostering social
9. G-20 members, with a significant contribution from BRIC countries, have greatly
increased resources available to the IMF. We support the increase of capital,
under the principle of fair burden-sharing, of the International Bank for Reconstruction
and Development and of the International Finance Corporation, in addition to
more robust, flexible and agile client-driven support for developing economies
from multilateral development banks.
10. Despite promising positive signs, much remains to be done. We believe that
the world needs today a reformed and more stable financial architecture that
will make the global economy less prone and more resilient to future crises,
and that there is a greater need for a more stable, predictable and diversified
international monetary system.
11. We will strive to achieve an ambitious conclusion to the ongoing and long
overdue reforms of the Bretton Woods institutions. The IMF and the World Bank
urgently need to address their legitimacy deficits. Reforming these institutions’ governance
structures requires first and foremost a substantial shift in voting power in
favor of emerging market economies and developing countries to bring their participation
in decision making in line with their relative weight in the world economy. We
call for the voting power reform of the World Bank to be fulfilled in the upcoming
Spring Meetings, and expect the quota reform of the IMF to be concluded by the
G-20 Summit in November this year. We do also agree on the need for an open and
merit based selection method, irrespective of nationality, for the heading positions
of the IMF and the World Bank. Moreover, staff of these institutions needs to
better reflect the diversity of their membership. There is a special need to
increase participation of developing countries. The international community must
deliver a result worthy of the expectations we all share for these institutions
within the agreed timeframe or run the risk of seeing them fade into obsolescence.
12. In the interest of promoting international economic stability, we have asked
our Finance Ministers and Central Bank Governors to look into regional monetary
arrangements and discuss modalities of cooperation between our countries in this
area. In order to facilitate trade and investment, we will study feasibilities
of monetary cooperation, including local currency trade settlement arrangement
between our countries.
13. Recent events have shattered the belief about the self-regulating nature
of financial markets. Therefore, there is a pressing need to foster and strengthen
cooperation regarding the regulation and supervision of all segments, institutions
and instruments of financial markets. We remain committed to improve our own
national regulations, to push for the reform of the international financial regulatory
system and to work closely with international standard setting bodies, including
the Financial Stability Board.
14. We stress the importance of the multilateral
trading system, embodied in the World Trade Organization, for
providing an open,
stable, equitable and non
discriminatory environment for international trade. In this connection, we commit
ourselves and urge all states to resist all forms of trade protectionism and
fight disguised restrictions on trade. We concur in the need for a comprehensive
and balanced outcome of the Doha Round of multilateral trade talks, in a manner
that fulfills its mandate as a "development round", based on the progress already
made, including with regard to modalities. We take note and strongly support
Russia's bid for accession to the WTO.
15. We reiterate the importance of the UN Millennium
Declaration and the need to achieve the Millennium Development
We underscore the importance
of preventing a potential setback to the efforts of poor countries aimed at achieving
MDGs due to the effects of the economic and financial crisis. We should also
make sustained efforts to achieve the MDGs by 2015, including through technical
cooperation and financial support to poor countries in implementation of development
policies and social protection for their populations. We expect the UN MDG Summit,
in September 2010, to promote the implementation of MDGs through policy recommendations.
We stress that sustainable development models and paths of developing countries
should be fully respected and necessary policy space of developing countries
should be guaranteed.
16. The poorest countries have been the hardest hit by the economic and financial
crisis. The commitments regarding the aid to the developing states, especially
those related to the MDGs, should be fulfilled, and there should be no reduction
in development assistance. An inclusive process of growth for the world economy
is not only a matter of solidarity but also an issue of strategic importance
for global political and economic stability.
17. We express our satisfaction with the Meeting
of Ministers of Agriculture and Agrarian Development in Moscow,
discussed ways of promoting quadripartite
cooperation, with particular attention to family farming. We are convinced that
this will contribute towards global food production and food security. We welcome
their decision to create an agricultural information base system of the BRIC
countries, to develop a strategy for ensuring access to food for vulnerable population,
to reduce the negative impact of climate change on food security, and to enhance
agriculture technology cooperation and innovation.
Fight against poverty
18. We call upon the international community
to make all the necessary efforts to fight poverty, social exclusion
bearing in mind the special
needs of developing countries, especially LDCs, small islands and African Countries.
We support technical and financial cooperation as means to contribute to the
achievement of sustainable social development, with social protection, full employment,
and decent work policies and programmes, giving special attention to the most
vulnerable groups, such as the poor, women, youth, migrants and persons with
19. We recognize that energy is an essential resource
for improving the standard of living of our peoples and that
access to energy
is of paramount importance
to economic growth with equity and social inclusion. We will aim to develop cleaner,
more affordable and sustainable energy systems, to promote access to energy and
energy efficient technologies and practices in all sectors. We will aim to diversify
our energy mix by increasing, where appropriate, the contribution of renewable
energy sources, and will encourage the cleaner, more efficient use of fossil
fuels and other fuels. In this regard, we reiterate our support to the international
cooperation in the field of energy efficiency.
20. We recognize the potential of new, emerging, and environmentally friendly
technologies for diversifying energy mix and the creation of jobs. In this regard
we will encourage, as appropriate, the sustainable development, production and
use of biofuels. In accordance with national priorities, we will work together
to facilitate the use of renewable energy, through international cooperation
and the sharing of experiences on renewable energy, including biofuels technologies
21. We believe that BRIC member countries can cooperate in training, R&D, Consultancy
services and technology transfer, in the energy sector.
22. We acknowledge that climate change is a serious
threat which requires strengthened global action. We commit ourselves
the 16th Conference of the Parties
to the United Nations Framework Convention on Climate Change and the 6th Conference
of the Parties serving as the Meeting of the Parties to the Kyoto Protocol, in
Mexico, to achieve a comprehensive, balanced and binding result to strengthen
the implementation of the Convention and the Protocol. We believe that the Convention
and the Protocol provide the framework for international negotiations on climate
change. The negotiations in Mexico should be more inclusive, transparent, and
should result in outcomes that are fair and effective in addressing the challenge
of climate change, while reflecting the principles of the Convention, especially
the principle of equity and common but differentiated responsibilities.
23. We condemn terrorist acts in all forms and manifestations.
We note that the fight against international terrorism must be
undertaken with due respect to
the UN Charter, existing international conventions and protocols, the UN General
Assembly and Security Council resolutions relating to international terrorism,
and that the prevention of terrorist acts is as important as the repression of
terrorism and its financing. In this context, we urge early conclusion of negotiations
in the UN General Assembly of the Comprehensive Convention on International Terrorism
and its adoption by all Member States.
24. Brazil and China express their sympathy and solidarity with the people and
Governments of Russia and India which suffered from recent barbaric terrorist
attacks. Terrorism cannot be justified by any reason.
Alliance of Civilizations
25. We affirm the importance of encouraging
the dialogue among civilizations, cultures, religions and peoples.
In this respect,
we support the “Alliance of Civilizations”, a United Nations’ initiative
aimed at building bridges, mutual knowledge and understanding around the world.
We praise the Brazilian decision to host, in Rio de Janeiro, in May 2010, the
3rd Global Forum and confirm our intention to be present at the event, in appropriate
26. We reaffirm our solidarity towards the Haitian people,
who have been struggling under dire circumstances since the earthquake
of January 12th, and reiterate
our commitment to gather efforts with the international community in order to
help rebuilding the country, under the guidance of the Haitian government, and
according to the priorities established by the Action Plan for National Recovery
and Development of Haiti.
27. We welcome the following sectoral initiatives
aimed at strengthening cooperation
among our countries:
a) the first Meeting of Ministers of Agriculture and Agrarian Development;
b) the Meetings of Ministers of Finance and Governors of Central Banks;
c) the Meetings of High Representatives for Security Issues;
d) the I Exchange Program for Magistrates and Judges, of BRIC countries, held
in March 2010 in Brazil following the signature in 2009 of the Protocol of Intent
among the BRIC countries’ Supreme Courts;
e) the first Meeting of Development Banks;
f) the first Meeting of the Heads of the National Statistical Institutions;
g) the Conference of Competition Authorities;
h) the first Meeting of Cooperatives;
i) the first Business Forum;
j) the Conference of think tanks.
28. We also endorse other important manifestations of our desire to deepen our
relationship, such as:
a) the joint publication by our respective national statistical institutions
which is going to be released today;
b) a feasibility study for developing a joint BRIC encyclopedia.
29. We reaffirm our commitment to advance cooperation among BRIC countries in
science, culture and sports.
30. We express our confidence in the success of the 2010 World Expo in Shanghai,
the 2010 Commonwealth Games in New Delhi, the 2013 World Student Games in Kazan,
the 2014 Winter Olympic and Paralympic Games in Sochi, the FIFA 2014 World Cup
in Brazil and the 2016 Olympic and Paralympic Games in Rio de Janeiro.
31. We reaffirm the efforts to strengthen our cooperation and assistance for
reduction of natural disasters. Russia and India express their condolences and
solidarity with the people and Governments of Brazil and China, for the lives
lost in the mudslide in Rio de Janeiro, Brazil, and in the earthquake in Yushu,
III BRIC Summit
32. Brazil, Russia and India appreciate the offer
of China to host the III BRIC Summit in 2011.
33. Russia, India and China express their profound gratitude
to the Government and people of Brazil for hosting the II BRIC
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