BRIC institutionalised; group vows to help change world
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17/05/2008
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Hindu (New Delhi)
Russia, India, China and Brazil on Friday vowed to turn their four-way group into a powerful instrument for changing the world. At their first stand-alone meeting here, the Foreign Ministers institutionalised BRIC, agreeing to hold regular meetings at the level of Foreign Ministers. External Affairs Minister Pranab Mukherjee hailed BRIC as a "unique combination of mutually complementary economies' and platform to promote energy and food security, fight terrorism and reform global political and financial bodies. Russia's Foreign Minister Sergei Lavrov said BRIC would work to "support global stability and ensure uninterrupted and manageable global development.' Speaking at a joint press conference later, Mr. Lavrov said it was only natural that the BRIC grouping had taken shape. "We are the world's fastest growing economies, we have many common interests in the globalised world and share many views on how to build a more democratic, fair and stable world.' "We are changing the way the world order is organised,' echoed Brazil's Foreign Minister Celso Amorim. The BRIC group met a day after a meeting of Russia, India and China in the troika format, which had a very similar agenda. Underscoring the closeness of the two groups, the Foreign Ministers decided to hold the next stand-alone meetings of the RIC troika and BRIC concurrently in 2009. This prompted a question from The Hindu about a possible eventual merger of the two groups and BRIC's likely expansion to include the other G8-dialogue outreach countries