BRICS business forum gets high attention

By Nandalal Tiwari, Xiamen, China, Sept 2: With the number of participants of 1,069 business leaders representing different business houses of 25 countries including the BRICS countries, the BRICS business forum this year has gained high attention and wide participation.   

Business forum of the BRICS (Brazil, Russia, India, China and South Africa) is set to commence tomorrow, September 3, here in the coastal city of Xiamen, Fujian province, China. Chinese President Xi Jinping will open the forum and deliver the keynote speech while Brazilian president Michel Temer, South African president Jacob Zuma will attend and also deliver speeches.

“This year’s business forum, coinciding with the BRICS’ entry into the second decade, has received high attention and wide participation from all concerned,” said Jiang Zengwei, director of the organizing committee of the BRICS business forum 2017 and Chairman of China Council for the promotion of international trade (CCPIT), at a press conference here Saturday.

He said that total number of participants will reach 1,200 in the business forum alone. Of them 1,069 will be business representatives from different enterprises. 546 people from 372 Chinese enterprises will participate in the forum while 523 foreign businesspersons from 260 enterprises will attend the forum.

“Most of the companies participating in the forum are world renowned and pillar enterprises of the BRICS countries, including 79 of the world’s top 500 enterprises,” Jiang said.

Business representatives of five BRICS countries, five invited countries such as Egypt, Guinea, Thailand, Mexico, Tajikistan and other 15 countries including the USA, the UK, Germany and Australia are participating in the business forum to exchange views about business cooperation among the countries.

With the theme of ‘deepening the BRICS partnership and opening up a brighter future,’ the business forum will dwell on issues such as trade and investment, financial cooperation and development, interconnection and blue economy, according to Jiang.

“The forum will focus on the construction of BRICS trade and investment market, exchange views on maintenance of multilateral trading system, improvement of trade and investment liberation and facilitation and against protectionism,” CCPIT Chair Jiang elaborated.

“The BRICS countries have different conditions and development levels, and it is imminent to strengthen interconnection based on their own advantages. This forum will also focus on development strategy between BRICS countries and neighbouring countries.”

The forum is expected to enhance confidence of the business sector in developing mutually beneficial cooperation, promote exchanges and cooperation between the business sector, put forward valuable policy suggestions and expand the depth and breadth of business participation in global economic governance.

The BRICS business forum is held a day ahead of the formal beginning of the 9th BRICS Summit here on Monday.  

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