BRIC summit in Brasilia "very fruitful": Russian president

13:31, April 16, 2010      

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Russian President Dmitry Medvedev said on Thursday that the summit meeting of four major emerging economies in Brasilia was "very fruitful" and "productive".

In a brief speech made at the end of the day-long summit, Medvedev stressed the role of the participating countries -- Brazil, Russia, India and China -- in the development of emerging economies, despite the effects of the international financial crisis.

"We reflected on several problems whose solutions are more complete with BRIC (acronym for the four nations)," he said.

Medvedev said that the BRICs are developing their relations in several directions, and reaffirmed that the leaders of the four countries are commited to strenghtening those relations even more. According to him, the BRICs intend to intensify the dialogue not only among heads of state, but among ministers as well.

He stressed the importance of continuing cooperation to overcome the effects of the international financial crisis and build more equal financial institutions.

He added that the BRICs will also work to develop mechanisms to fight terrorism, drug traffic and organized crime.

Also attending the summit were Chinese President Hu Jintao, Brazilian President Luiz Inacio Lula da Silva and Indian Prime Minister Manmohan Singh.

Top on the agenda were the international financial crisis and its causes, the reform of the international financial organizations, climate change and other issues of common concern.

At the start of the meeting, Lula hailed the Brasilia gathering as a major step in deepening relations among the four participating countries.

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