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BRICS Meeting : Hosted By The Chinese NSA

BRICS Meeting : Hosted By The Chinese NSA

National Security Adviser(NSA) recently attended a virtual BRICS meeting hosted by the Chinese NSA, aimed at strengthening “political and security cooperation” within BRICS.

Recommendations by India during the meeting:

  • Cooperation on terrorism without reservations.
  • Preventing the use of Information & Communication Technology(ICT) by terrorists.
  • Need for urgent reform of the multilateral system
  • Importance of resilient supply chains.

BRICS: Areas of Cooperation:

  • Economic Cooperation
  • People-to-People exchange
  • Political and Security Cooperation
  • Cooperation Mechanism

New Development Bank(NDB):

  • NDB is headquartered in Shanghai.
  • During the Sixth BRICS Summit in Fortaleza (2014) the leaders signed the Agreement establishing the New Development Bank (NDB) by the Fortaleza Declaration.
  • The NDB functions on a consultative mechanism among the BRICS members with all the member countries possessing equal rights.