Brics Meeting in South Africa on Small and Medium Enterprises

Delegates from Brazil, Russia, India, China and South Africa, who make up the Brics Group and represent the five most powerful emerging economies in the world, yesterday held a meeting. important bloc between these countries to stimulate the progress of these small and medium-sized entities.

Brics member states, which make up 40% of the world's population, begin to show the potential benefits of local economies and their partnership shares Best practices and development models to address common challenges, said Zulu.

The South African Minister also pointed out that he is The group seeks to make progress in restructuring the world's political, economic and financial architecture so that it becomes a more equitable and more equitable system. balanced, which, he said, is the basis of multilateralism.

The Brics, which account for 19, According to official statistics, 3% of gross world product and having contributed in the last 10 years to 50% of global growth, have increased their domestic trade by 567 million in 2010 to 744 million in 2017.

The manager mentioned in particular the impact of the group in this country and said that South African exports to these countries represent 15.4% of its global sales and 25.4 % of its imports.

Exports and imports South Africa with these countries, he added, has grown much faster than the rest of its trade.

Among the measures recommended by Zulu, there is the change of organization He pointed out that "the small businesses of the Brics economies contributed to almost half of their exports, their industrial results and their product gross domestic product, "he said.

The global experience has shown that small businesses and cooperatives thrive in a supportive environment and there is a good partnership with their governments, large corporations and others, he added.

For South Africa, small businesses and cooperatives are fundamental. for the creation of an economy that benefits all its citizens and achieves an inclusive and prosperous society.

Only an inclusive economy can face the challenges of inequality, unemployment and poverty, he insisted. This meeting on small and medium-sized enterprises is part of the specialized meetings that precede the X Br Summit These elections, which will start tomorrow in Johannesburg at the level of civil servants, will give way to the appointment of Foreign Ministers on Thursday and that of the heads of state. State and government on Friday.

tgj / ir