BRICS Summit 2018 commences today at the Sandton Convention Centre, Johannesburg with particular focus on the following: Establishment of a Working Group on Peacekeeping; Establishment of a Vaccine Research Centre for Collaboration with BRICS vaccine innovation and development partners – this is intended to be a physical research centre focused on research and development and vaccine innovation; Establishment of a BRICS Gender and Women’s Forum – intended as a dedicated track for gender and women’s issues, given the economic benefit to be derived from the socio-economic empowerment of women, particularly in developing countries; Leveraging the Strategy for BRICS Economic Partnership towards the pursuit of Inclusive Growth and Advancing the 4th Industrial Revolution – this is intended to foster discussions to addresses opportunities provided by the Fourth Industrial Revolution, as a means of leapfrogging development stages and bridging the digital divide; and establishment of a BRICS Tourism Track of Cooperation.
Leaders of Argentina, Indonesia, Egypt, Jamaica and Turkey are all participating in the 10th BRICS summit along with the leaders of the BRICS member states. Presidents of Angola, Gabon and Zambia also received the invitations to participate in the summit. At the introduction of the concept of the BRICS PLUS in 2013, the BRICS summits started the increase of engagement and cooperation with non-BRICS countries and relevant international and regional organizations of Asia, Africa and Latin America.
At the 9th BRICS Summit Chinese President Xi Jinping during his keynote address at the opening ceremony of the Brics Business Forum said: ” The growth of emerging markets and developing countries was not intended to “move the cheese from anyone” but to “make the pie of the global economy bigger”.
In the build up to the 10th BRICS Summit chaired by SA, Eskom signed a $2.5bn (R33.4bn) government-backed loan with the China Development Bank, which will be used for construction of Kusile power station. The loan agreement followed bilateral talks between the Chinese President Xi Jinping and President Cyril Ramaphosa. SA president, Cyril Ramaphosa announced that China and South Africa countries also signed a number of trade agreements totalling $14.7bn (about R196bn at current exchange rates).
for more on the BRICS Summit 2018 visit: https://www.sanews.gov.za/