- We, the Heads of State and Government of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa, met on 28 June 2019 on the margins of the G20 Summit in Osaka, Japan. We congratulated the G20 Japanese Presidency and expressed our gratitude for the hospitality provided.
- We note the priorities chosen by Japan for its presidency, includingtrade, science, technology and innovation, infrastructure,climate change, universal health coverage, aging populations and sustainable development.
- The world economic growth appears to be stabilising and is generally projected to pick up moderately later this year and into 2020.However, the strengthening of growth remains highly uncertain, withrising tradeandgeopolitical tensions,commodity price volatility, inequality and insufficient inclusive growth,and tighter financial conditions adding to the risk.Global imbalances remain large and persistent and require thorough monitoring and timely policy responses.We further stress the importance of a favourable global economic environment for sustained growth of international trade.
- In this scenario, we note with satisfaction that the BRICS countries have been the main drivers of global growth over the last decade, and currently represent close to a third of global output. Projections indicate that the BRICS will continue to account for more than half of global economic growth through 2030. Continued implementation of structural reforms will enhance our growth potential.Balanced trade expansion among BRICS members will further contribute to strengthening international trade flows.
- In helping to address challenges and to fully benefit from opportunities, we acknowledge the importance of, among others: open markets; stronger economic resilience; financial stability; well-designed and coordinated macroeconomic policies, as appropriate; structural reforms; adequate investment in human capital; reduction in poverty levels and inequality; effective competition to promote investment and innovation; open, fair, just and non-discriminatory business environments;cooperation in public-private partnerships (PPP); and infrastructure financing and development. International and domestic measures in these areas and others will contribute to sustainable and inclusive economic growth.We call for greater participation of developing countries in the global value chains. We recognise the importance of the interface between trade and the digital economy. We also affirm the role of data for development.
- We are committed to transparent, non-discriminatory, open, free and inclusive international trade. Protectionism and unilateralism run counter to the spirit and rules of the WTO. We reaffirm our commitment to multilateralism and international law, and our full support to the rules-based multilateral trading system with the WTO at its center. We will work constructively with all WTO Members on the necessary reform of the Organization, with a view to better addressing current and future challenges in international trade, thus enhancing its relevance and effectiveness. The reform must, inter alia, preserve the centrality,core values and fundamental principles of the WTO,and consider the interests of all members, including developing countries and LDCs. It is imperative that the WTO negotiation agenda be balanced and be discussed in an open, transparent and inclusive manner.
- The WTO dispute settlement mechanism is an indispensable pillar of the multilateral trading system and the Appellate Body is essential for the proper and effective functioning of the Organisation. We remain committed to the preservation of a functioning two-stage binding adjudication system for disputes in the WTO. Recalling the urgency of solving the impasse in the appointment of members of the WTO Appellate Body, we urge that the Appellate Body selection process be initiated immediately.
- We reaffirm our commitment to a strong, quota-based and adequately resourced International Monetary Fund (IMF) at the center of the Global Financial Safety Net. We reiterate our commitment to work with the Executive Board towards the implementation of the IMF quota and governance reform on the basis of the principles agreed in 2010. We remain committed to concluding the 15th General Review of Quotas no later than the 2019 Annual Meetings.
- We note with appreciation the role of the New Development Bank (NDB) in infrastructure financing and sustainable development and stress the need for enhanced and continued efforts to build a strong, balanced and high-quality portfolio of projects. We emphasize the importance of a focused effort to address the backlog in critical infrastructure investments in member countries.TheNDB will be strengthened bythe establishment of regional offices. We welcome theNDB’s commitment to mobilise resources in the domestic currencies of all its members, startingin China, as well as the upcoming bond programmes in South Africa and Russia. We look forward to the early implementation of the NDB Project Preparation Fund and expect it to become an efficient instrument for the preparation of projects, providing technical assistance to the NDB member countries.
- We stress the continued importance of the BRICS Contingent Reserve Arrangement (CRA) as a mechanism to forestall short-term balance of payment pressures in member countries.Following the successful test run conducted in 2018, we commit to further more complextest runs to ensure its operational readiness to respond to a call on resources, if needed.We welcome the functioning of the CRA System of Exchange in Macroeconomic Information (SEMI). We welcome continued efforts to establish the BRICS Local Currency Bond Fund and look forward to starting its operation.We also support cooperation between the CRA and the IMF.
- We strongly condemn terrorist attacks, including against BRICS countries, in all forms and manifestations, wherever and by whom so ever committed. We urge concerted efforts and a comprehensive approach to counter terrorism under the UN auspices on a firm international legal basis. We reiterate that it is the responsibility of all states to prevent financing of terrorist networks and of terrorist actions from their territories.We reiterate our commitment to fight the exploitation of internet for terrorist purposes.While recognising that states have the leading role to ensure safety and security in the use of ICTs, wecall on the technology companies to cooperate with governments, in accordance with applicable law, to eliminate the ability of terrorists to use digital platforms to encourage, recruit, facilitate or commit terrorist acts.
- We remain firmly committed to fighting corruption and will continue to foster integrity in the public and private sectors. We will, therefore, strive to promote international anticorruption cooperation and strengthening of legal frameworks, as appropriate,to more effectively address cases of corruption especially with regard to assets recovery. We will seek to enhance our mutual efforts in the prosecution of persons sought for corruption. We recognise the role of whistle-blowers[1]in preventing and combating corruption in both the public and private sectors and the needto improve measures to protect whistle-blowers.
- We acknowledge that corruption, including illicit money and financial flows, and ill-gotten wealth stashed in foreign jurisdictions, is a global challenge which may impact negatively on economic growth and sustainable development. We will strive to coordinate our approach and encourage a stronger global commitment in this regard. We also recognise the need to strengthen cooperation, subject to domestic legal systems, in anti-corruption law enforcement, extradition of fugitives, economic and corruption offenders, and in recovering stolen assets. We reaffirm our commitment to support international cooperation in combating illicit financial flows, including cooperation within the Financial Actions Task Force (FATF), the World Customs Organisation and other relevant multilateral mechanisms.
- We recognise the crucial role of cooperation in transitioning towards cleaner, more flexible energy efficient systems that combine growth with decreasing greenhouse gas emissions, while ensuring energy security, access to energy, sustainability and affordability. We acknowledge the importance of varied sources of energy and technological advances to achieve a low emission future, such as solar energy, sustainable bioenergy and natural gas in transportation. In this regard, we acknowledge efforts by BRICS countriesin promoting international cooperation on renewable energy resources and reiterate our commitment to strengthen the BRICS Energy Research Cooperation Platform, aiming at facilitating joint studies on sustainable energy and sharing advanced energy technologies.
- We remain committed to the full implementation of the Paris Agreement, adopted under the principles of the UNFCCC, including the principles of common but differentiated responsibilities and respective capabilities, in the light of different national circumstances. We urge developed countries to provide financial, technological and capacity-building support to developing countries to enhance their capability in mitigation and adaptation. We look forward to the UN Climate Action Summit to be held in September this year to produce positive outcomes.
- Recalling the 2030 Agenda for Sustainable Development, we reaffirm our strong commitment to sustainable development. We stress the importance of fully honoring official development assistance commitments and the provision of development resources, in accordance with the Addis Ababa Action Agenda.We continue to support the G20 Action Plan on the 2030 Agenda, the G20 Initiative on Supporting Industrialisation in Africa and Least Developed Countries and the G20 Africa Partnership, including the Compact with Africa.
- We commend Brazil for identifying Economic Growth for an Innovative Future as the theme of the 2019 Chairship. Recognising that innovation is a key driving force behind development, we reaffirm our commitment to maximise the benefits of digitalisation and emerging technologies, including for the population of rural and remote areas. We encourage joint efforts to share good practices on internet-driven poverty alleviation and digital transformation of the industrial sector. We stress the importance of continuing BRICS scientific, technical, innovation and entrepreneurship cooperation, including the BRICS Partnership on New Industrial Revolution (PartNIR), iBRICS Network, the BRICS Institute of Future Networks, and Young Scientists Forum.
- We express our support to the Brazilian BRICS Chairshipin 2019 and look forward to a successful 11th BRICS Summit in Brasilia, in November.
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June 28, 2019 | 19:44 IST
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List of Outcomes: Prime Minister of Japan’s visit to India for the 16th India-Japan Annual Summit
July 02, 2026
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| Sl. No. | Outcome | Description |
|---|---|---|
| 1. | India-Japan Joint Declaration on Economic Security | Promotes project-based collaboration for enhancing joint resilience in key sectors including semiconductors, critical minerals, information and communication technology including AI, clean energy and pharmaceuticals. India-Japan Fact Sheet 2.0 captures growing India-Japan G2G and B2B engagement in this crucial area. |
| 2. | India-Japan Joint Statement on Cooperation in the Field of Artificial Intelligence | Elevates the India-Japan relationship to a strategic research and development partnership in the AI domain. Building on the India-Japan AI Initiative, the Joint Statement provides a roadmap for greater cooperation across the entire AI technology stack in pursuit of the shared vision of safe, secure, trusted, inclusive, and human-centric AI. |
| 3 | Joint Statement on Energy Resilience (between MoPNG and METI, Japan) | Strengthens cooperation in strategic stockpiling and reserve mechanisms for crude oil and petroleum products. Promotes collaboration in joint investments across the maritime energy transport value chain. |
| 4. | Celebrating the 75th Anniversary of India-Japan Diplomatic Relations | Outlines a series of commemorative events to celebrate 2027, the 75th anniversary of establishment of diplomatic relations, as the India-Japan Year of Shared Horizons |
| 5. | Memorandum of Cooperation for India-Japan Cooperative Biogas for Growth (CBG) Initiative | Promotes cooperation towards the goal of establishing 1,000 biogas and organic fertilizer plants all across India, leveraging the extensive network of dairy cooperatives. |
| 6. | Memorandum of Cooperation in the Field of Batteries | Promotes cooperation in battery-related projects and expands business opportunities with an aim of building a trusted, resilient and sustainable battery supply chain. |
| 7. | Memorandum of Cooperation in the Field of Pharmaceuticals and Medical Devices Sector | Strengthens pharma supply chains, including in Active Pharmaceutical Ingredients (APIs) and Key Starting Materials (KSMs), through promotion of bilateral investment and business linkages, technical collaboration and industry-academia collaboration. |
| 8. | Memorandum of Cooperation in the Field of Geology and Mineral Exploration | Strengthens cooperation in upstream critical minerals exploration through exchange of technical expertise. |
| 9. | Memorandum of Cooperation between IndiaAI Mission and Ministry of Economy, Trade and Industry (METI), Japan | Promotes institutional cooperation between IndiaAI Mission and Japan’s GENIAC initiative – through B2B matchmaking, webinars on AI policies and challenges and support for joint projects through access to computing resources |
| 10. | Memorandum of Cooperation on Next Generation Mobility Partnership (NGMP) | Establishes a framework for operationalizing the Next Generation Mobility Partnership (NGMP) which was announced at the 15th Annual Summit in August 2025. The NGMP would accelerate private sector-led cooperation and investment in mobility sectors including rail, automotive and road infrastructure, aviation, shipbuilding and ports, logistics, and urban development, positioning India as a hub for “Make in India for the World” exports to third countries. |
| 11. | Memorandum of Understanding between India’s Centre for Cellular and Molecular Platforms (C-CAMP) and RIKEN, Japan | Establishes a framework for academic, translational research and start-up oriented innovation in deep-tech and life sciences, covering healthcare, agriculture and environment. |
| 12. | Memorandum of Understanding between National Center for Biological Sciences-Tata Institute of Fundamental Research and RIKEN, Japan | Creates a framework for cooperation in basic biological and neuroscience research between the two leading research institutions |
| 13. | Memorandum of Understanding between IIT Bombay, BharatGen Technology Foundation and National Institute of Informatics, Japan | Furthers collaboration on large language models (LLMs), with a focus on developing LLMs for enhanced scientific reasoning, through joint research exchanges |
| 14. | Memorandum of Understanding between SarvamAI and Preferred Network on LLM Development | Creates a framework for cooperation across the full AI technology stack, including foundation models. |
| 15. | Memorandum of Understanding Between National Internet Exchange of India (NIXI) and Japan Network Information Center (JPNIC) | Promotes cooperation in National Internet Registry operations, IPv6 adoption, internet security improvements, capacity building, student/professional exchanges and exchange of views on internet governance at regional and global forums. |
| 16. | Exchange of Letters Between International Financial Services Centres Authority (IFSCA) and Financial Services Agency, Japan (JFSA) | Establishes a framework for cooperation in development, regulation and supervision of financial services as well as information exchange on financial-market trends and best practices, particularly in FinTech and RegTech. |
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