Xi seeking a bigger world role for BRICS
Print Edition
CHINESE President Xi Jinping has urged BRICS nations to deepen coordination on global matters, and push for a more just world order, by boosting representation for emerging and developing countries in international bodies.
Emerging and developing markets have been the primary engine of global growth, Xi said, as he called for a bigger role for BRICS in speeding economic governance reforms and promoting trade, especially as rising risks veil a global recovery.
“BRICS countries should push for a more just and reasonable international order,” Xi told a summit of the grouping — Brazil, Russia, India, China and South Africa. “We should work together to address global challenges.”
Xi urged the grouping to fight for more “representation power” for emerging and developing countries, which some analysts say are often under-represented in global institutions such as the World Bank compared with the dominance of the United States and Western Europe.
The summit in the southeastern Chinese city of Xiamen has given host China its latest chance to position itself as a bulwark of globalization in the face of US President Donald Trump’s “America First” agenda.
Xi appeared to rebuke the US’s resistance to international pacts — including the Paris climate accord — in a separate speech earlier yesterday to leaders of BRICS and other developing countries.
“Multilateral trade negotiations make progress only with great difficulty and the implementation of the Paris Agreement has met with resistance,” Xi said.
“Some countries have become more inward-looking, and their desire to participate in global development cooperation has decreased.”
In talks on the North American Free Trade Agreement, Trump has sought improved terms for the US, under threat of leaving the pact, and has said he will withdraw his country from the Paris climate accord.
Xi announced US$500 million for a South-South cooperation fund to help other developing countries tackle famine, refugees, climate change and public health challenges.
Xi called on emerging market and developing countries to stay together and work harder for South-South cooperation and sustainable development.
He said emerging market and developing countries need to make good use of BRICS, the Group of 77 and other mechanisms to broaden South-South cooperation on a larger scale and jointly tackle global challenges.
He also said they need to forge interconnected development and seek strength in unity.
“The purpose of inviting representative developing countries from different regions to this dialogue is to foster a broad network for developing partnerships and build a community of common development and a shared future,” Xi said.
“We need to promote greater representation and voice of emerging market and developing countries in global economic governance, and foster an international economic order that is fairer and more equitable.”
Egypt, Guinea, Tajikistan, Thailand and Mexico joined the three-day summit as observer nations, and Xi called for a “BRICS Plus” plan to potentially expand the bloc.
He lauded smooth progress in the grouping’s cooperation in areas such as anti-terrorism and Internet security.
“Leaders from the BRICS countries are determined to work toward another ‘golden decade,’” he said.
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