BRICS Summit 2018 for Inclusive Growth and Shared Prosperity

BRICS in Africa: “Collaboration for inclusive Growth and Shared Prosperity in the 4th Industrial Revolution”

President Cyril Ramaphosa will chair the BRICS Summit 2018 for the first time, which will be held at the Sandton International Convention Centre (ICC) in Johannesburg from the 25th – 27th July 2018.

Brics Summit (an acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa), is an international relations conference attended by the heads of state or heads of government of the five member states.

These five economies are home to 43% of the world’s population, producing a third of the world’s Gross Domestic Product. Nine BRICS Summits have taken place so far and the 10th will be hosted by South Africa as it takes over as Chair, and as part of the African agenda.

“The round-table will enable deliberations on South Africa’s primary pursuits within the BRICS which are aimed at achieving developmental outcomes, ensuring inclusive economic growth; promoting value-added trade among BRICS countries, promoting investment into the productive sectors amongst others,” said the statement issued by Khusela Diko, the spokesperson to the president.

One of the major achievements has been the launch of the Development Bank in 2015. Economic issues of mutual interest top the agenda of BRICS meetings, but they have widened their scope over the years to encompass other topical global issues. As South Africa takes the Chair in the year of the Nelson Mandela Centenary this may also influence the BRICS focus on Human rights.

China’s President Xi Jinping arrives ahead of the BRICS summit for bilateral talks with President Cyril Ramaphosa.

 

for more information visit: http://www.brics2018.org.za/

video provided by the BRICS Media Centre

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