Khurshid meets delegates from Russia, China

Last Updated: Fri, Nov 23, 2012 07:40 hrs

External Affairs Minister Salman Khurshid met delegates from Russia and China in New Delhi on Friday with an aim to strengthen bilateral ties with both the nations.

Khurshid meeting with the delegates comes after Prime Minister Manmohan Singh's visit to Cambodia for the 10th ASEAN-India summit and the 7th East Asia summit.

US President Barack Obama, Chinese Premier, Wen Jiabao and Singh, world leaders attended the seventh East Asia Summit (EAS) in Phnom Penh on Tuesday.

The forum held annually includes leaders of initially 16 countries in the East Asian region, but later the membership was expanded to 18 countries including the United States and Russia.

During the meeting, India welcomed the Regional Comprehensive Economic Partnership negotiations and stressed on the need for increased cooperation between the 16 countries of the bloc.

The East Asian region comprises of more than three billion of the world's population and approximately 40 percent of the GDP.

India, Russia and China are also part of the BRICS nations (Brazil, Russia, India, China and South Africa).

BRICS countries announced a working group in June to look into jointly pooling reserves and creating a new development bank to fund infrastructure projects in the developing world.

The BRICS are also considering creating a new development bank to support financing of long-term infrastructure projects for emerging and developing economies, to meet the pressing need for roads, railways, ports and electricity. (ANI)

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