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Johannesburg. The leaders of the emerging countries group Brazil, Russia, India, China and South Africa (BRICS) sent a message of unity denouncing the "unprecedented challenges" of the US-led trade war.
adopted by some major advanced economies … can cause economic and financial instability in emerging economies and impact their growth prospects, "Russian President Vladimir Putin said in a joint statement. South Africa, Cyril Ramaphosa, the Brazilian, Michel Temer, and Prime Minister of India, Narendra Modi.
The leaders also urged members of the World Trade Organization ( WTO) to respect the rules of the organization and to fulfill its commercial commitments.
In his speech, Chinese President Xi Jinping called for a concerted effort on the part of world institutions that the United Nations, the G7 and the WTO fight against unilateralism and protectionism as well as open dialogue to resolve global conflicts over trade.
"Geopolitical Conflicts and Lester protectionist and unilateralist calamity directly affect the same, Jinping urged the group to "unlock the potential of (its) economic cooperation".
His Russian counterpart Putin has supported it, claiming the development of emerging markets and developing markets. The BRICS play "a unique role in the global economy".
"The BRICS contribute 42% of world GDP and this percentage continues to grow," he said. Advertisement against Beijing, the European Union and Moscow
In particular, customs duties were imposed on steel and aluminum from China and China. are now threatening to tax even more Trump said his country was ready to impose duties of up to $ 500,000 on its rival's imports, complaining that China's trade surplus in the trade balance with United States was excessive.
The summit that ends Friday with the signing of the Johannesburg Declaration is the first meeting of bloc presidents since the US administration launched a policy to rebalance multilateral trade, considering that conditions for states United States is Unfair
Strategies
Turkish President Recep Tayyip Erdogan attended the summit as a guest observer and met with Putin. While Mauricio Macri, President of Argentina, agreed with his Chinese counterpart to strengthen trade cooperation.
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