logo
PM Modi hold talks with Malaysian counterpart Ibrahim on sidelines of BRICS Summit

PM Modi hold talks with Malaysian counterpart Ibrahim on sidelines of BRICS Summit

Malaysia Sun19 hours ago
Rio de Janeiro [Brazil], July 7 (ANI): Prime Minister Narendra Modi held a bilateral meeting with his Malaysian counterpart Anwar Ibrahim on the sidelines of the 17th BRICS Summit in Brazil's Rio de Janeiro on Sunday (local time).
PM Modi also met Cuba's President Miguel Diaz-Canel on the sidelines of the BRICS Summit. The two leaders warmly greeted each other before they began their talks. External Affairs Minister S Jaishankar, Foreign Secretary Vikram Misri and other officials were present during the meeting.
The BRICS summit, hosted by Brazil, brought together leaders from Brazil, Russia, India, China, South Africa, as well as new members Egypt, Ethiopia, Iran, the UAE, and Indonesia. Brazil assumed the BRICS Chairship on January 1, 2025, with the theme 'Strengthening Global South Cooperation for More Inclusive and Sustainable Governance'. India will host the 18th BRICS Summit in 2026.
Meanwhile, addressing the 17th BRICS Summit on Sunday, PM Modi underscored the urgent need for comprehensive reforms in global institutions to address the marginalisation of the Global South as well as the challenges of the 21st century, noting that the Global South has often been a victim of 'double standards'.
During his address, the Prime Minister highlighted the systemic inequalities and inefficiencies that the Global South faced, noting that the interests of the region have never been 'prioritised'.
'The Global South has often been a victim of double standards. Whether it is development, distribution of resources, or security-related issues, the interests of the Global South have not been prioritised. On issues like climate finance, sustainable development, and technology access, the Global South has often received nothing but token gestures,' he stated.
Pointing to the historical neglect of two-thirds of humanity in 20th-century-formed institutions, PM Modi argued that countries with significant contributions to the global economy remain under-represented at decision-making tables, undermining the credibility and effectiveness of these bodies.
'Two-thirds of humanity has not been adequately represented in the global institutions formed in the 20th century. Countries that have a major contribution to today's global economy have not been given a place at the decision-making table. This is not just a question of representation but also of credibility and effectiveness. Without the Global South, these institutions seem like a mobile with a SIM card but no network. These institutions are unable to deal with the challenges of the 21st century. Whether it is the ongoing conflicts in different parts of the world, the pandemic, the economic crisis, or newly emerging challenges in cyber and space, these institutions have no solutions,' he stated.
Earlier, PM Modi, along with other leaders, participated in the traditional BRICS family photo session held at the Museum of Modern Art in Brazil's Rio de Janeiro. The photo showed Brazilian President Luiz Inacio Lula da Silva, South African President Cyril Ramaphosa, along with leaders and representatives of other member countries, with Prime Minister Modi. (ANI)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump sends tariff letter to PM Anwar, King
Trump sends tariff letter to PM Anwar, King

Malaysian Reserve

time36 minutes ago

  • Malaysian Reserve

Trump sends tariff letter to PM Anwar, King

IF you were wondering if that weirdly worded letter came from President Donald Trump, doubt no more. The United States president has just released a batch of letters to about a dozen countries, including Malaysia, inviting them to 'participate in the extraordinary Economy of the United States, the Number One Market in the World, by far.' Malaysia has been slapped a 25% tariff rate. The letters were addressed to Prime Minister Datuk Seri Anwar Ibrahim and His Majesty Sultan Ibrahim, King of Malaysia. Similarly, the letter to Thailand was also addressed to its PM and monarch. In the almost identical letters, Trump unveiled the first in a wave of promised letters that threaten to impose higher tariff rates on key trading partners, including levies of 25% on goods from Japan and South Korea, and signed an executive order holding off the new duties until Aug. 1. Trump also announced 25% rates on Malaysia, Kazakhstan and Tunisia, while South Africa would see a 30% tariff and Laos and Myanmar would face a 40% levy. Other nations hit with levies included Indonesia with a 32% rate, Bangladesh with 35%, and Thailand and Cambodia with duties of 36%. Bosnia received a 30% levy, while Serbia faces a 35% rate. On Monday, he signed an executive order that delays the new rates until Aug. 1 for all nations facing the reciprocal tariffs, effectively buying each affected nation an extra three weeks to cut a deal with the White House, reported Bloomberg. The first batch of letters went out to Japanese PM Shigeru Ishiba at about 1am, today. Two hours later, at about 3am Malaysian time (according to the time stamp on the letter), the second batch started going out, with Malaysia leading the group. It included Kazakhstan, South Africa, Laos and Myanmar. And another two hours later, came the next batch of letters for Tunisia, Indonesia, Bangladesh, Serbia, Cambodia and Thailand. At about 7am, Monday (Malaysian time), Trump posted this on his Truth Social account: 'I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th. Thank you for your attention to this matter! DONALD J. TRUMP, President of The United States of America.' This was followed by this: 'Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!' Here is the letter in full: His Excellency Dato' Seri Anwar bin Ibrahim Prime Minister of Malaysia Kuala Lumpur Dear Mr. Prime Minister: It is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship, and the fact that the United States of America has agreed to continue working with Malaysia, despite having a significant Trade Deficit with your great Country. Nevertheless, we have decided to move forward with you, but only with more balanced, and fair, TRADE. Therefore, we invite you to participate in the extraordinary Economy of the United States, the Number One Market in the World, by far. We have had years to discuss our Trading Relationship with Malaysia, and have concluded that we must move away from these longterm, and very persistent, Trade Deficits engendered by Malaysia's Tariff, and Non Tariff, Policies and Trade Barriers. Our relationship has been, unfortunately, far from Reciprocal. Starting on August 1, 2025, we will charge Malaysia a Tariff of only 25% on any and all Malaysian products sent into the United States, separate from all Sectoral Tariffs. Goods transshipped to evade a higher Tariff will be subject to that higher Tariff. Please understand that the 25% number is far less than what is needed to eliminate the Trade Deficit disparity we have with your Country. As you are aware, there will be no Tariff if Malaysia, or companies within your Country, decide to build or manufacture product within the United States and, in fact, we will do everything possible to get approvals quickly, professionally, and routinely — In other words, in a matter of weeks. If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25% that we charge. Please understand that these Tariffs are necessary to correct the many years of Malaysia's Tariff, and Non Tariff, Policies and Trade Barriers, causing these unsustainable Trade Deficits against the United States. This Deficit is a major threat to our Economy and, indeed, our National Security! We look forward to working with you as your Trading Partner for many years to come. If you wish to open your heretofore closed Trading Markets to the United States, and eliminate your Tariff, and Non Tariff, Policies and Trade Barriers, we will, perhaps, consider an adjustment to this letter. These Tariffs may be modified, upward or downward, depending on our relationship with your Country. You will never be disappointed with The United States of America. Thank you for your attention to this matter! With best wishes, I am, Sincerely, DONALD J. TRUMP PRESIDENT OF THE UNITED STATES OF AMERICA

PM Anwar highlights success of visits to Italy, France, Brazil
PM Anwar highlights success of visits to Italy, France, Brazil

The Sun

time42 minutes ago

  • The Sun

PM Anwar highlights success of visits to Italy, France, Brazil

RIO DE JANEIRO: Prime Minister Datuk Seri Anwar Ibrahim declared his official visits to Italy, France, and Brazil a success, achieving key objectives in trade, investment, and diplomatic relations. The visits, which began on July 1, reinforced bilateral ties and positioned Malaysia as a competitive player ahead of its ASEAN Chairmanship in 2025. Anwar highlighted that the trip generated over RM12 billion in potential investments, with Italy contributing RM8 billion and France RM4 billion. The delegation included five Cabinet ministers and representatives from major Malaysian corporations such as Petronas, Maybank, and Tenaga Nasional Berhad (TNB). In Italy, discussions with Prime Minister Giorgia Meloni focused on expanding economic cooperation, while geopolitical concerns, including the crisis in Gaza, were also addressed. Anwar noted that Meloni, French President Emmanuel Macron, and Brazilian President Luiz Inacio Lula da Silva shared Malaysia's stance on ending violence in Palestine. Responding to criticism over aircraft purchases benefiting European manufacturers, Anwar clarified that Malaysia aims to become a regional hub for aviation services, including maintenance and training. The government seeks long-term gains from partnerships with Airbus and Embraer. In Brazil, Anwar was invited to speak at the BRICS Business Forum, where he advocated for fairer global economic policies and raised concerns about AI governance. He also met leaders from India, Vietnam, Egypt, and South Africa, discussing potential collaborations. Malaysia's potential membership in the New Development Bank was also explored following talks with its president, Dilma Rousseff. Anwar stated that Bank Negara Malaysia would assess the benefits before any decision is made. - Bernama

47th ASEAN Summit in KL to be largest gathering with global leaders
47th ASEAN Summit in KL to be largest gathering with global leaders

The Sun

timean hour ago

  • The Sun

47th ASEAN Summit in KL to be largest gathering with global leaders

RIO DE JANEIRO: The 47th ASEAN Summit and Related Summits in Kuala Lumpur this October is poised to be the largest in the bloc's history, with multiple global leaders confirming attendance. Malaysian Prime Minister Datuk Seri Anwar Ibrahim revealed the expanded participation during his official visits to Italy, France, and Brazil. Key attendees include Italian Prime Minister Giorgia Meloni, Brazilian President Luiz Inácio Lula da Silva, South African President Cyril Ramaphosa, and Canadian Prime Minister Mark Carney. Anwar noted the summit's broader engagement beyond ASEAN's traditional partners, calling it a 'major undertaking' that reflects growing international interest in the region. The event, scheduled for October 26–28, will build on last year's 46th ASEAN Summit, which included the ASEAN-GCC and ASEAN-GCC-China meetings. ASEAN's 10 member states—Singapore, Malaysia, Indonesia, Brunei, Thailand, Vietnam, Cambodia, Laos, Myanmar, and the Philippines—will be joined by dialogue partners like the US, China, Japan, and the EU. Lula da Silva, speaking at the BRICS Business Forum, urged Brazilian businesses to leverage the summit as a critical trade platform. Anwar expressed confidence in Malaysia's readiness to host the high-profile gathering, stating, 'God willing, we will be able to shoulder it together.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store