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Swaraj calls for action against money laundering, terror financing at BRICS meet

External affairs minister Sushma Swaraj underlined that multilateralism, international trade and a rules-based world order is facing “strong head-winds” as she called for joint action by BRICS nations against money laundering, terror financing and de-radicalisation.

india Updated: Jun 04, 2018 18:55 IST
Press Trust of India
Press Trust of India
Press Trust of India, Pretoria
Sushma Swaraj,South Africa,BRICS
External affairs minister Sushma Swaraj is on a five-day trip to South Africa, and was attending the BRICS foreign ministers’ meeting on Monday.(HT/File Photo)

External affairs minister Sushma Swaraj on Monday underlined that multilateralism, international trade and rules-based world order is facing “strong head-winds” as she called for joint action by BRICS nations against money laundering, terror financing and de-radicalisation.

Swaraj, who is on a five-day trip to South Africa, was attending the BRICS (Brazil, Russia, India, China and South Africa) foreign ministers’ meeting. The meeting is expected to lay the foundation for the annual summit of the grouping in Johannesburg next month.

“Our deliberations here will contribute towards enriching intra-BRICS cooperation further,” Swaraj said.

India attaches importance to the role of BRICS in consolidating intra-BRICS cooperation and in international affairs, she was quoted as saying by a statement by the ministry of external affairs.

Swaraj called for joint action of BRICS nations against challenges to long-term growth.

“Our meeting takes place at a time when multilateralism, international trade, and rules-based world order face strong head-winds,” Swaraj said.

“Though the global growth has exhibited signs of recovery, the challenges to long-term growth continue to persist. Ensuring that the benefits of globalisation are shared widely remains a challenge,” she added.

“Prime Minister Narendra Modi had given a call for a BRICS counter-terrorism strategy for joint action with focus on money laundering, terror financing, cyber space and de-radicalisation as our priorities,” Swaraj said.

“Our leaders have also called for making the UN counter-terrorism framework efficient and effective. We reiterate our commitment to implement our leaders’ mandate on counter-terrorism under South Africa’s BRICS chairship,” she said.

The other foreign ministers attending the meeting were China’s Wang Yi, South Africa’s Lindiwe Sisulu, Brazil’s Marcos Bezerra Abbott Galvao and Russia’s Sergey Lavrov.

BRICS cooperation in strategic areas of security, counter-terrorism, UN reforms, peacekeeping, de-radicalisation, cyber security, energy security, global governance, and international and regional hot-spot issues should be deliberated in detail during national security advisor’s meetings, she said.

“It is imperative now that the common ground reached in our NSAs meeting on setting up a BRICS security forum is implemented fully,” she said.

Swaraj said that India welcomes South Africa’s summit theme devoted to development in Africa in an inclusive manner.

“We also welcome the focus on technology as the engine of future growth and its significance for future generations and their employment prospects,” she added.

Swaraj will also chair a meeting of foreign ministers of IBSA (India, Brazil, South Africa), another bloc working to deepen coordination among the three countries on major global issues.

First Published: Jun 04, 2018 17:05 IST