comments and feedback

BRICKS Cooperation Illuminates the Path of Common Development

Submit Time:25-09-2017 | Zoom In | Zoom Out

Author:Lin Songtian | Source:People's Daily (August 30, 2017, p. 03)

Abstract:

As long as the BRICS countries follow the BRICS spirit of openness, inclusiveness, cooperation and win-win results, they will establish a more effective and closer partnership in the future. 

A few days later, the 9th BRICS Summit will be held in Xiamen, a beautiful coastal city in China. At the Xiamen Summit, the leaders of the five countries will exchange views on deepening pragmatic cooperation, strengthening global governance, carrying out people-to-people exchanges, and promoting the construction of mechanisms, in a bid to deepen the BRICS partnership and open up a brighter future. 

As a representative of emerging forces, the BRICS cooperation scheme has grown into an important force to promote the reform of the international governance system after 10 years of development. 

Over the past 10 years, the proportion of the BRICS countries' economic aggregate in the global economic aggregate rose from 12% to 23%, and the BRICS countries contributed more than 50% to world economic growth, exceeding the sum of all developed countries. Trade and investment among the five countries increased significantly. Taking China's trade with BRICS partners for example, in the first half of this year, China's imports from the BRICS countries grew by 33.6%, and its imports from South Africa even grew by 35.4%, much higher than the average growth rate of foreign trade in the same period. 

Over the past 10 years, the BRICS countries have worked closely with each other in important international arenas such as the United Nations (UN) and the Group of Twenty (G20). It has been committed to maintaining the core position of the UN in international affairs, safeguarding the authoritative role of the International Law in international affairs, protecting the common interests of developing countries, and offering more "BRICS wisdom" and "BRICS solutions" to politically solve hot issues and cope with terrorism, climate change and other global challenges. 

Over the past 10 years, the BRICS countries have shaped a new pattern of cooperation driven by three wheels of politics, economy and culture, achieving an array of tangible results. The BRICS New Development Bank (NDB) has started, and plans to offers loans worth 8 billion US dollars for 35 projects next year. Not long ago, the Outlines for BRICS Investment Facilitation—the first document specifically designed for the field of global investment facilitation—was adopted at the Meeting of the BRICS Trade Ministers, and the BRICS countries reached an important consensus on expanding trade in services and e-commerce cooperation at the meeting. 

The entry of South Africa in 2010 marks BRICS has extended its reach to Africa where developing countries are the most concentrated, enhancing the representativeness and implication of BRICS cooperation. South Africa has become an important bridge for the cooperation between BRICS and Africa for common development, and has made positive contributions to promoting the solidarity, cooperation and mechanism construction of BRICS. The BRICS countries are united in a positive response to the legitimate demands of African countries in tackling climate change, achieving sustainable development and combating terrorism. At the G20 Hangzhou Summit, China and other BRICS partners including South Africa joined forces, in an effort to facilitate the Action Plan on the 2030 Agenda for Sustainable Development formulated by the G20 for the first time, and take collective actions for the first time to call for support for industrialization in Africa and the least developed countries. At the G20 Hamburg Summit held not long ago, the BRICS partners followed the consensus of the Hangzhou Summit and actively called on the G20 to increase attention to and investment in the peace and development of African countries. On August 17, the NDB officially launched its Africa Regional Center in Johannesburg, South Africa, as the NDB's first regional center. The operation of this regional center will certainly inject new momentum into the development of South Africa and other African countries. BRICS cooperation will contribute more to the development of Africa and will further encourage the international community to strengthen cooperation with Africa, thereby creating more opportunities for Africa to achieve independent and sustainable development. 

BRICS cooperation follows the concept of wide consultation, joint contribution and shared benefits, and emphasizes an equal partnership, in pursuit of mutual benefits, win-win results, and common development. BRICS cooperation is highly complementary and has huge potential, satisfying the common interests of the five countries and their peoples. As long as the BRICS countries follow the BRICS spirit of openness, inclusiveness, cooperation and win-win results, they will establish a more effective and closer partnership in the future. 

This year is the 100th anniversary of Oliver Tambo, a well-known leader and diplomat of South Africa. His "sharing and win-win" spirit highly fits the BRICS spirit. We are convinced that as long as we strengthen unity and mutually beneficial cooperation, BRICS cooperation will see new vitality and vigor and usher in another "golden decade", leading and illuminating the path of unity, cooperation, and common development of developing countries.  

(Author: Lin Songtian, Chinese Ambassador to South Africa)


Related Articles