Five-Way Con­sen­sus

Beijing Review - - Editor’s Desk -

The Eighth BRICS Sum­mit, held on Oc­to­ber 15-16 in Goa, In­dia, fo­cused on the eco­nomic is­sues BRICS na­tions face and looked for col­lec­tive and col­lab­o­ra­tive ways to ad­dress them.

The sum­mit brought to­gether the lead­ers of all five BRICS mem­ber states—Brazil, Rus­sia, In­dia, China and South Africa. The theme of this year’s sum­mit was, “Build­ing re­spon­sive, in­clu­sive and col­lec­tive so­lu­tions.”

The Goa Dec­la­ra­tion, pro­duced at the sum­mit, ex­em­pli­fies the five na­tions’ strong de­sire for co­op­er­a­tion. The lead­ers em­pha­sized the im­por­tance of fur­ther strength­en­ing BRICS sol­i­dar­ity and co­op­er­a­tion based on com­mon in­ter­ests and key pri­or­i­ties. They also pledged to fur­ther strengthen the BRICS’ strate­gic part­ner­ship “in the spirit of open­ness, sol­i­dar­ity, equal­ity, mu­tual un­der­stand­ing, in­clu­sive­ness and mu­tu­ally ben­e­fi­cial co­op­er­a­tion.”

These state­ments are rel­e­vant given that the BRICS coun­tries face sim­i­lar is­sues such as slow­ing eco­nomic growth and struc­tural prob­lems. They also have to deal with com­pli­cated in­ter­na­tional and re­gional en­vi­ron­ments. In this con­text, doubts have emerged as to whether their co­op­er­a­tion is sus­tain­able.

At the Goa sum­mit, the lead­ers ex­changed views on is­sues of com­mon con­cern and reached broad con­sen­sus. This in­di­cates the five coun­tries’ de­ter­mi­na­tion to con­front chal­lenges to­gether. This firm re­solve, cou­pled with con­crete pro­grams in fields rang­ing from in­fra­struc­ture con­nec­tiv­ity to me­dia com­mu­ni­ca­tion, will open up new pos­si­bil­i­ties.

More­over, BRICS col­lab­o­ra­tion can be sus- tained, as the bloc’s members seek to dove­tail their devel­op­ment strate­gies and make the most of their re­spec­tive ad­van­tages. No­tably, China’s Belt and Road Ini­tia­tive will help ce­ment the bonds be­tween the five emerg­ing mar­kets. The BRICS New Devel­op­ment Bank has also laid the ground­work for long-term part­ner­ship.

As the world tran­si­tions to a more just, demo­cratic and mul­ti­po­lar in­ter­na­tional order, the five na­tions are poised to strengthen the co­or­di­na­tion of their ef­forts on global is­sues. Mind­ful of the shared in­ter­ests of de­vel­op­ing coun­tries, the BRICS are de­voted to im­prov­ing global gov­er­nance. With a pro­found shift un­der­way, their com­mon ground is bound to ex­pand.

Chi­nese Pres­i­dent Xi Jin­ping’s five pro­pos­als at the sum­mit—jointly build­ing an open world, map­ping out a vi­sion for the fu­ture, con­fronting global chal­lenges, safe­guard­ing eq­uity and jus­tice, and deep­en­ing part­ner­ships—res­onated with the other BRICS lead­ers. Xi’s pro­pos­als re­flect China’s en­dorse­ment of syn­ergy among these na­tions as well as a com­mit­ment to com­mon, peace­ful and eq­ui­table devel­op­ment world­wide.

China sup­ports BRICS co­op­er­a­tion and re­gards joint ac­tion by the bloc as an im­por­tant ob­jec­tive of its own diplo­macy. The na­tion will host the Ninth BRICS Sum­mit next year. The con­fi­dence shown and in­cre­men­tal progress made by the BRICS serves to re­fute the opin­ions of naysay­ers. The in­creas­ingly close co­op­er­a­tion be­tween BRICS coun­tries is a boon to the world.

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