Xi calls for greater BRICS cooperation
Print Edition
Chinese President Xi Jinping yesterday called on BRICS countries to work for high quality development of greater BRICS cooperation.
Addressing the 16th BRICS Summit in Kazan, Russia, Xi said the ongoing summit had decided to invite a number of nations to become partner countries. He hailed the decision as another important development in the course of BRICS development.
Xi called on BRICS members to build the multilateral mechanism into a major venue of solidarity and cooperation for the Global South and a vanguard force for global governance reform.
He told members to build BRICS for peace and act as guardians of common security, urging the BRICS countries to uphold the three principles of no expansion of the battlefield, no escalation of fighting and no provocation by any party, to work for de-escalation of the Ukraine crisis as soon as possible.
Xi also called for building a BRICS for justice and leading the reform of the global governance system, calling on members to conform to the general trend of the rise of the Global South, and actively respond to the call of countries to join the BRICS cooperation mechanism.
The group should advance the process of expanding membership and establishing partner countries, and enhance the representation and voice of developing countries in global governance, the president said.
Xi noted that the urgency of reforming the international financial architecture is becoming increasingly prominent in the current situation.
China will establish 10 overseas learning centers in BRICS countries in the next five years to provide training opportunities for 1,000 education administrators, teachers and students, he revealed.
Calling for strengthening the New Development Bank, Xi urged BRICS countries to take the lead in pushing a better alignment of the international financial system with the changing dynamics of the global economy.
The NDB is a flagship project of BRICS cooperation. As the first multilateral development bank set up by emerging economies and based in Shanghai, it provides financing support for infrastructure development, clean energy, environmental protection, and the building of cyber infrastructure for BRICS countries.
Dilma Rousseff, president of the NDB who is also in Kazan, told Russian President Vladimir Putin during a meeting on Tuesday that the summit is “very important.”
During the three-day summit, Xi will attend small- and large-scale leaders’ meetings and the BRICS Plus leaders’ dialogue. He will also have in-depth exchanges with leaders of other countries on the current international situation, BRICS cooperation, the development of the BRICS mechanism and important issues of common concern, Foreign Ministry spokesperson Mao Ning noted.
Observers see the BRICS Summit as an opportunity for Global South countries to voice their needs.
Victoria Fedosova, deputy director of the Institute for Strategic Research and Forecasts of the Russian Peoples’ Friendship University, said the development of BRICS and the growth in its membership reflect a demand for a platform to address global issues.
“The BRICS mechanism has enormous potential in adjusting the imbalances in global development accumulated over the last 80 years.”
BRICS has emerged as “the core of this multipolar world” alongside other organizations, said British author and political commentator Carlos Martinez. “It is essential to move away from the dominance of Western voices and allow countries from the Global South to have a meaningful say in international relations.”
“BRICS, with its focus on inclusivity and equality, serves as a shining star of this new type of international relations,” he said.
Zukiswa Roboji, a researcher at Walter Sisulu University in South Africa, said that BRICS has “undoubtedly made notable strides in recent years,” offering emerging economies easier access to financial resources and better opportunities for trade, investment and development.
Experts also highlighted China’s role in BRICS cooperation and development. Timirkhan Alishev, vice rector for International Affairs at Kazan Federal University, told Xinhua that all initiatives introduced by China are rooted in multilateralism, fostering communication and dialogue on multiple levels.
“We see China puts a lot of efforts into developing BRICS,” said Alishev, adding that there are no preconditions for BRICS cooperation as one can begin dialogue on equal footing with everyone.
The term BRIC was initially coined in 2001 by Jim O’Neill, former chief economist at Goldman Sachs, as an investment concept referring to emerging market economies of Brazil, Russia, India and China. With South Africa’s inclusion in 2010, BRICS officially took shape.
Following last year’s expansion, the BRICS grouping now represents approximately 30 percent of global GDP, nearly half of the world’s population, and one-fifth of global trade.
“Measured by GDP, the BRICS countries have already surpassed the G7 in importance,” Rousseff said in a recent interview with Xinhua.
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