Start of the 10th BRICS Summit in Johannesburg



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The Xth summit of the emerging BRICS energy bloc (Brazil, Russia, India, China and South Africa) began today at Johannesburg with the opening of 39, an economic forum gathering leaders and more than

The South African Minister of Commerce and Industry, Rob Davies, was in charge of the opening of the forum at the Sandton Conference Center, in Presidents intervene later

Presidents of South Africa, Cyril Ramaphosa ; Brazil, Michel Temer; China, Xi Jinping ; as well as the Prime Minister of India, Narendra Modi will deliver speeches in the afternoon that will set the tone of the meeting.

President of ] Russia Vladimir Putin, will not attend this session, as he will join the meeting in Johannesburg on Thursday, the sources of the organization confirmed in Efe.

The BRICS summit, representing 43% of the world's population and 26% of the gross domestic product (GDP) of the planet is celebrated in an international context influenced by the unilateral and protectionist policies of the United States, a approach that the block does not share.

In the opening speech of the business forum, Davies pointed to the "tremendous growth" of the BRICS economy in "the last few years", since it has pbaded in a decade from 12% to 26% of global GDP.

"It is not a secret that we live in times of turbulence" in the panorama of The Minister said that "it is a moment of crisis for the trading system."

"We must deepen and strengthen collaboration in our countries," said the minister. As host and current president of the BRICS, South Africa, which hosts the bloc's summit for the second time, invited many countries from Africa to the meeting to build bridges and so that these nations can benefit from the relationship with the five powers

Similarly, other countries are invited under the "BRICS Plus" initiative, promoted by the bloc to increase cooperation between emerging countries.

One of these countries is Argentina which holds the rotating presidency of the G20 (group of advanced and emerging economies) and whose president, Mauricio Macri, will arrive Thursday in Johannesburg, sources from the Argentine delegation informed Efe today. 026] [ad_2]
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