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"We must build a common future for humanity," Xi said.
"Trade wars should be rejected." Economic hegemony should be rejected. "Those who pursue this will only hurt themselves." As BRICS, we should be resolved to reject unilateralism and protectionism. "
M. Xi called on the developing world to stand up against US protectionism, warning that tariffs imposed by the world's largest economy would have profound implications.
The leitmotiv of this BRICS summit as stated by its leaders is to embrace openness and inclusiveness, and to ensure people-centered growth.
The elephant in the play was the United States, which initiated trade wars with President Cyril Ramaphosa warned the BRICS countries against the challenges facing developing countries because of " the increase of unilateral measures inconsistent with the rules of the World Trade Organization ". [19659002] He told a packed audience with delegates from Brazil, Russia, India, China and South Africa: "We need to discuss the role in light of the current unstable global environment, Mr Ramaphosa has called the BRICS an important and vital forum for cooperation after a decade of successful collaboration.
"We have successfully shaped an ambitious agenda and our intra-BRICS cooperation is gaining ground. the scale in the fields of finance, agriculture, trade, science and technology, health, education and security, "said Mr. Ramaphosa. Ramaphosa said:
In just three years, the bank issued $ 5.7 billion (R $ 74.98 billion) in loans to BRICS member countries, and intends to According to the vice NDB President Leslie Maasdorp, the bank plans to extend its lending mandate to the private sector which is willing to take long-term risks, within three years. Go beyond the financing of public companies with sovereign guarantees.
Ramaphosa also hailed the creation of the BRICS Business Council as an outstanding achievement.
Addressing the Business Forum, President of the BRICS Business Council Dr. Iqbal Survé noted that the NDB Over the next few years, loans to BRICS countries should be higher than those that the World Bank granted in 75 years.
million. Survivor said that the three achievements he hoped to be able to accomplish by the end of the free regime for the bona fide business travelers, technology transfer between the BRICS for business and creation of 39, a BRICS rating agency.
According to Minister of Trade and Industry Rob Davies, who addressed the BRICS Business Forum: in the current trade wars, because the international trading system is rebalanced not in the interest of the majority but in the interest of one party. "
Dav He criticized the fact that the US is raising tariffs on steel and aluminum and that some countries are exempt while others are not
"South Africa accounts for only 1% of US imports. In what could be interpreted as a veiled threat, Davies pointed out that interest groups in the South African poultry industry are planning to launch a legal challenge against the poultry import concession. from the United States, since Africa's benefits under the African Growth and Opportunity Act have been violated.
Davies summed up the general feeling of the delegates when he said: "This BRICS summit will be a signal to the world that there is another part of the world 42% of the world's population, and that It is significant. "
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