BRICS to enhance cooperation with other developing countries

By Nandalal Tiwari, Xiamen, China, Sept. 4: BRICS nations have pledged to enhance voice and representation of developing countries in the international economic governance and they have asked the developed countries to implement their official development assistance commitments in time and provide more development resources to developing countries.

On their part, the BRICS - Brazil, Russia, India, China and South Africa- countries have expressed commitment to broaden partnership with developing countries, non-BRICS countries, by means of BRICS Plus cooperation.

Issuing a 71-point BRICS Leaders Xiamen Declaration on the second day of the three day (3-5 September) 9th BRICS Summit in the coastal city of Xiamen, Fujian province, China, on Monday, the BRICS leaders expressed commitment to promoting an open, inclusive and balanced economic globalization and contributing to development of emerging markets and developing countries (EMDCs).

The Xiamen Declaration was issued after the leaders discussed international and regional issues of common concern under the theme of the annual summit this year – BRICS: Stronger Partnership for a Brighter Future.

The BRICS leaders said they are determined to foster a global economic governance architecture that is more effective and reflective of current global economic landscape, increasing the voice and representation of emerging markets and developing countries.

Unlike in the 8th BRICS Summit in 2016 in Goa, India, the BRICS Xiamen Declaration did not mention about the least developed countries (LDCs).

  “Upholding development and multilateralism, we are working together for a more just, equitable, fair, democratic and representative international political and economic order,” declared the BRICS leaders – Chinese President Xi Jinping, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, South African President Jacob Zuma and Brazilian President Michel Temer.

The leaders expressed commitment to ushering in the second golden decade of BIRCS cooperation and solidarity saying they believed in the vast potential of their cooperation, had full confidence in the future of BRICS and would further strengthen their cooperation.

The BRICS leaders said they would energize practical cooperation to boost development of BRICS countries.

“We reaffirm our commitment to fully implementing the 2030 Agenda for Sustainable Development. We will also advocate equitable, open, all-round, innovation-driven and inclusive development, to achieve sustainable development in its three dimensions- economic, social and environmental,” read the 14 point of the declaration.

In a response to the US President Donald Trump’s withdrawal from the Paris Agreement on climate change, the BRICS leaders said, “We call upon all countries to fully implement the Paris Agreement adopted under the principles of the UN Framework Convention on Climate Change.”

The BRICS leaders opposed protectionism. BRICS nations account for 23 percent of the world economy, 16 percent of foreign trade and 12 percent of outbound investment, and contribute to more than 50 percent of the global economic growth.

“We will continue to firmly oppose protectionism. We recommit to our existing pledge for both standstill of protectionist measures and we call upon other countries to join us in that commitment.”

Noting the progress made in the past, the BIRCS leaders vowed to strengthen cooperation in every sectors- economic, financial, investment, trade, security, social, education, health, agriculture, science and technology, aviation and so on.

They noted with satisfaction of the operationalization of the New Development Bank (NDB), which has so far approved 12 projects of nearly three billion US dollar.

The BRICS leaders vowed they would strengthen anti-corruption cooperation.

They condemned terrorism in all forms and manifestations. “We strongly condemn terrorist attacks resulting in death of innocent Afghan nationals. “We express concern on the security situation in the region and violence caused by the Taliban, ISIL/DAISH, Al=-Qaida and its affiliates including Eastern Turkistan Islamic Movement, Islamic Movement of Uzbekistan, the Haqqani network, Lashkar-e-Taiba, Jaish-e-Mohammad, TTP and Hizb-ut-Tahrir.”

The BRICS leaders will hold a Dialogue of Emerging Market and Developing Countries on implementation of the 2030 Agenda for Sustainable Development and the building of broad partnership for development under the theme of “Strengthening Mutually Beneficial Cooperation for Common Development” in promotion of BRICS Plus cooperation. The BRICS leaders will hold the dialogue with the leaders of the five invited countries such as Thailand, Egypt, Tajikistan, Mexico and Guinea on tommorw, Tuesday, Sept 5, before concluding the Summit.

The 10th BRICS Summit will be held in South Africa in 2018.


More Articles



Copyright © 2014, All rights reserved. | Developed by: Young Minds