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The world trade war will have no winner, Chinese President Si Jinping said Wednesday at the opening of the three-day summit of the BRICS major economies group.
The other four member states of the group – Brazil, Russia, India and South Africa – called on them to refuse protectionism. This year's BRICS meeting in Johannesburg, South Africa also includes Russian President Vladimir Putin, Brazilian colleague Michel Takmer and Indian Prime Minister Narendra Modi.
"We should definitely reject unilateralism," said South African President Cyril Ramaphos at a meeting with the host.
C. Ramaphosa warned of the impact that emerging countries could have on US President Donald Trump's tariffs and announced that China had pledged $ 14.7 billion worth of investment in South Africa.
The BRICS population represents more than 40% of the world's population. Member States of this group have never created a coordinated economic bloc.
In addition to economic issues, BRICS also deals with international politics. The summit this year is also followed by 22 other countries, including 19 from Africa. In addition, Turkish President Recep Tayyip Erdogan
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