Chinese Network: The BRICS Summit 2024 is the first gathering of the bloc after the joining of 5 new members, including Egypt
CGTN reported The Chinese network said that this year’s BRICS summit will be the first gathering of BRICS countries after its expansion to include five new members: Egypt, Saudi Arabia, the United Arab Emirates, Iran and Ethiopia, doubling membership from five to 10 countries.
The Chinese network said, in a report. Regarding the agenda of the BRICS Summit 2024, during Russia’s presidency of the summit held next week in the city of Kazan, it will give priority to strengthening partnership and cooperation in three main areas: politics and security, economy and finance, and cultural and humanitarian relations.
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According to the network, experts believe that strengthening the reform of the global economic and political governance system will be a top priority for the summit.
Wang Yuming, a researcher at the China Institute of Economic Studies, said International, in statements to the CGTN network, said that since it is the first summit after the expansion of BRICS, it is likely that there will be discussions on how to effectively integrate the new members within the framework of the BRICS group.
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Wang added that topics such as promoting the establishment of a BRICS payment system, addressing climate change, enhancing energy cooperation, protecting supply chains, and enhancing scientific cooperation will also be on the summit’s agenda. Wang Yuming said: “Western countries, including the United States, seek to maintain the existing imbalance to ensure their monopoly on international affairs. However, developing countries are unwilling to remain on the sidelines; It strives to reform the unfair global governance system.”
Wang explained that the BRICS group does not aim to dismantle this existing system or create a hostile system parallel to the Group of Seven countries, but rather Its goal is to seek to reform and revamp the unfair and unreasonable aspects of the current system.
Wang cited the New Development Bank as an example of the BRICS approach, saying the financial organization does not aim to replace the bank. international; Rather, it complements and strengthens existing international financial institutions, enhancing diversity in the global financial system.
For his part, Boris Guseletov, a researcher from the Russian Academy of Sciences, stressed Russia’s intention to strengthen partnerships. Strategy in trade, investment, innovation and technology, with the aim of achieving strong economic growth. The main measures include strengthening trade relations through small and medium-sized enterprises, increasing mutual trade and investment, and ensuring financial stability in light of unilateral sanctions and increased protectionist measures.
He explained that in the years Recently, emerging countries are increasingly exploring the creation of an alternative payment system to mitigate the risks of international transactions as unilateral dollar-based sanctions have exacerbated weaknesses in the international monetary system.
She noted. The Chinese Network noted that in addition to economic issues, this year’s summit bears the title “Strengthening Multilateralism for Just Global Development and Security,” which confirms the other focus of the BRICS summit on strengthening international governance and seeking a greater voice for developing countries in global affairs. The summit will focus On various areas of cooperation and enhancing solidarity among member states.
