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Black money will be key issue at G-20, says Modi

business Updated: Nov 11, 2014 07:41 IST
HT Correspondent
HT Correspondent
Hindustan Times
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Prime Minister Narendra Modi on Monday said highlighting the importance of international cooperation against black money would be a “key issue” for him at the forthcoming G-20 Summit in Brisbane.

In his longest foreign tour after becoming PM, Modi will leave for Myanmar on Tuesday to take part in the India-ASEAN Summit and East Asia Summit on November 12-13 followed by the G-20 meet in Brisbane on November 15-16 and a bilateral visit to Fiji Islands on November 19.

Modi will meet more than 40 leaders from countries representing Asia, Africa, Europe, North America, South America and the Pacific Region during his 10-day tour.

India will attempt to build consensus on a global framework for automatic sharing of information to check tax evasion during the G-20 Summit, at a time the government has stepped up efforts to bring back money stashed illegally abroad. Modi’s visit will be the bilateral visit to Australia by an Indian PM in 28 years.

“The G-20 Summit is a key forum for countries to coordinate their activities and pursue collective action to support global economic growth, stable financial markets and global trading regimes,” Modi said on the eve of his foreign tour.

He said he would also discuss how the creation of next generation infrastructure could be accelerated, including digital infrastructure.

He said a closer strategic partnership with Australia would support India’s economic goals, promote its security interests, including maritime security, and reinforce efforts to foster peace and stability in the extended continental and maritime neighbourhood.

On the Myanmar tour, Modi said ASEAN was at the core of India’s Act East Policy and the dream of an Asian century. “I am looking forward to discussing with ASEAN leaders how to take our relationship to a new level,” the PM said.

At the East Asia Summit, the PM will discuss with other leaders ways to strengthen regional institutions, international norms and regional cooperation in pursuit of peace and stability.

Modi will be the first Indian PM to visit Fiji in 33 years. “We owe them (Fiji) a debt of gratitude for hosting our scientists on the island in support of our Mars Mission.” He will meet leaders and representatives of 12 Pacific Island nations during the visit.