 September 2016India Prime Minister Narendra Modi shared the country’s desire to prioritize a trade facilitation agreement (TFA) for services, on 6 September at the G20 Summit in Hangzhou, China, noting its potential to help professionals and business move from one country to another. Mr. Modi said that the service sector has huge potential and contributes significantly to the economy. Read More Tags: India, BRICS, Trade Facilitation, WTO |
 September 2016India Prime Minister Narendra Modi said that BRICS nations (Brazil, Russia, India, China, and South Africa) share the responsibility to shape an agenda to help developing nations. He also spoke of the need to deepen ties with Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) countries. Read More Tags: India, BRICS, BIMSTEC, Regional Cooperation |
 July 2015Officials from the world’s largest emerging nations - Brazil, Russia, India, China, and South Africa (BRICS) - launched the New Development Bank (NDB) on 21 July 2015 in Shanghai, China. The NDB will lend money to developing countries and help finance infrastructure projects in BRICS countries. Read More Tags: BRICS, Infrastructure, New Development Bank |
 July 2015Prime Minister Narendra Modi outlined a 10-point program for future cooperation, ‘Das Kadam’, proposed during his address at the BRICS – Brazil, Russia, India, China and South Africa – plenary at the 7th summit in Ufa, Russia. The program included a trade fair, railway research center, and digital initiative, among others. The Economic Cooperation Strategy was also adopted by the world’s five growing economies at the Summit. Read More Tags: BRICS, India, Regional Cooperation |
 August 2014Bangladesh's decided to join the $50 billion New Development Bank formed by Brazil, Russia, India, China, and South Africa (BRICS) as an alternative source of development funding other than the World Bank and International Monetary Fund (IMF). In joining the New Development Bank, Bangladesh will have more options to receive concessional investments, further develop the country's infrastructure, and lessen loan costs from multinational banks. Read More Tags: BRICS, Bangladesh, Development Bank |
 July 2014Brazil, Russia, India, China, and South Africa (BRICS) formally launched a joint international development bank during the annual BRICS Summit in Fortaleza, Brazil to mobilize resources for infrastructure and sustainability projects in BRICS, and other emerging and developing countries. The BRICS New Development Bank, with headquarters located in Shanghai, will have an initial authorized capital of $100 billion. Read More Tags: BRICS, India, Infrastructure |
