Addu Declaration in SAARC Summit
The 17th SAARC (South Asian Association for Regional Cooperation) Summit held in Hithadhoo, Addu, Maldives .. A 20-point Addu Declaration was adopted to forge effective cooperation among the member states in a host of areas including economy, connectivity, climate change and food security.
The theme of the 17th SAARC Summit was ‘Building Bridges’. The Summit recognized the importance of bridging differences, creating better understanding and promoting amity and mutually beneficial and comprehensive cooperation in order to promote effective linkages and connectivity for greater movement of people, enhanced investment and trade in the SAARC members region
Bangladesh and Russia Nuclear Deal
Bangladesh and Russia signed a deal to build a nuclear power plant at Rooppur in Pabna district. It would be Bangladesh’s first nuclear plant. Russia will provide technical support for setting up two generators each capable of producing 1000 megawatts of electricity. Russia will also supply fund and fuel rods for safe storage. The new safety features will also be implemented in the plant.
Bangladesh’s junior science and technology minister Yeafesh Osman and Russia’s State Atomic energy corporation director-general Sergei Kiriyenko signed the agreement. Bangladesh relies heavily on gas-fired plants for power. Power generation falls 2000 megawatts short of its daily requirement, which hampers its industrial production and economic growth
G20 Cannes Summit
The 6th G20 (Major Economies) summit was held in Cannes, France to discuss key issues in the global economy. Eurozone debt crisis dominated the Summit in Cannes. The other issues discussed in the summit were global imbalances, financial transactions tax, tax evasion and reform of the international monetary system.
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