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The sessions of the 10th Brics Group Summit begin today in Johannesburg, while international trade worsens, a subject that will be badyzed at this meeting.
The appointment of Heads of State and Government of Brazil, Russia India, China and South Africa will be preceded by deliberations first at senior officials level and tomorrow at Chancellor level, under the slogan Brics in Africa: Collaboration for Inclusive Growth and Shared Prosperity in the Fourth Industrial Revolution. For the meeting at the highest level of leaders of these major emerging economies around the world is already in South Africa the President of China, Xi Jinping, who on the eve has embarked on a state visit and held talks with his guest, Cyril Ramaphosa
A statement from the South African Chancery said that trade wars will be an inevitable theme of this meeting, referring to measures taken against Chinese products and other countries by the US government of Donald Trump.
Those actions that cost tens of billions of dollars to China, President Xi said that his country will promote cooperation with other developing countries such as those that make up the Brics group to counter the commercial protectionism.
The theme, Russian Minister of Economy Maxim Oreshkin, said the Johannesburg summit is occurring at a time when the United States and China are announcing new trade measures almost every week.
This is a trade war and the discussions of the Brics' leaders are very important to coordinate our positions, said the Russian minister
. The desire of these five nations to promote internal trade is now more urgent because of the international trade situation due to Washington's pressure.
The Brics countries, where 40% of the world's population lives and is responsible for 17% of the international merchandise trade, will badyze among other things the trade imbalance among its members and will outline the objectives to promote the economy. complementary exchange, according to the official versions.
The participating statesmen will take advantage of their stay in South Africa to hold bilateral meetings.
This Brics Summit in South Africa was preceded by a series of specialized meetings at the level of officials and ministers over the last few months, the closest being the one held on Monday to discuss the latest news. importance of the development and promotion of small and medium-sized enterprises as an important engine of the economy
. Lindiwe Zulu, South African Minister for Small Business Development, attended the meeting of the delegates of the member countries, determined to promote the progress of these small and medium-sized entities.
On this subject, the Minister noted that the potential benefits of local economies and their badociation share best practices and development models that address common challenges.
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