BRICS leaders will discuss the economic partnership strategy at the upcoming summit in India, with the goal of creating new cooperation formats, Russian President Vladimir Putin said in an interview with Sputnik and the IANS news agency.

“The participants in the BRICS Summit in Goa will look at the initial results of implementing the Strategy for BRICS Economic Partnership adopted in Ufa and finalise the draft of BRICS Roadmap for Trade, Economic and Investment Cooperation until 2020. We intend to establish new formats and mechanisms to cooperate with our partners, in which concerted measures aimed at developing our ties in various fields will be elaborated,” Putin said.

The Russian leader added that issues relating to the strengthening of international security and stability, as well as enhancing the competitiveness of BRICS economies and the promotion of international development will also be discussed in Goa.

“We also support the initiatives put forward by the Indian chairmanship in such fields as BRICS collaboration in agriculture, railway transport, sports, tourism and building people-to-people contacts,” Putin said.

On October 15-16 Goa will host the 8th BRICS Summit. BRICS is an association of five developing economies (China, Russia, Brazil, India and South Africa), which have a combined nominal GDP equivalent to approximately 20 percent of the gross world product.