BRICS mem­bers em­brace open econ­omy

Xi tells lead­ers a mul­ti­lat­eral trade sys­tem will be fruit for all peo­ple

China Daily (Hong Kong) - - FRONT PAGE - By AN BAIJIE in Ham­burg an­bai­jie@chi­

The lead­ers of the BRICS coun­tries reached im­por­tant con­sen­sus on build­ing an open world econ­omy and im­prov­ing global eco­nomic gov­er­nance dur­ing their in­for­mal meet­ing on the side- lines of the G20 Sum­mit in Ham­burg, Ger­many, on Fri­day.

Pres­i­dent Xi Jin­ping presided over the meet­ing, since China holds the ro­tat­ing pres­i­dency of the BRICS bloc this year.

The BRICS Sum­mit will be held from Septem­ber 3 to 5 in Xi­a­men, Fu­jian prov­ince.

Xi said in his speech that there are cur­rently pos­i­tive signs for the world’s econ­omy, with a promis­ing fu­ture for the de­vel­op­ment of BRICS coun­tries, and at the same time, there are also chal­lenges ahead for the BRICS mem­bers.

He called on the mem­ber coun­tries to es­tab­lish an open world econ­omy, main­tain a mul­ti­lat­eral trade sys­tem and push for­ward open, in­clu­sive, ben­e­fi­cial, bal­anced and win­win eco­nomic glob­al­iza­tion, thus mak­ing the fruits of eco­nomic growth ac­ces­si­ble for all peo­ple.

The BRICS coun­tries should unswerv­ingly stick to the prin­ci­ple of mul­ti­lat­er­al­ism in ad­dress­ing con­flicts and dis- putes, strive to achieve peace and co­op­er­a­tion, and make full use of mul­ti­lat­eral mech­a­nisms such as the United Na­tions to dis­cuss in­ter­na­tional rules, he said.

In his speech, Xi high­lighted the im­por­tance of the G20 in

boost­ing in­ter­na­tional eco­nomic co­op­er­a­tion and im­prov­ing global eco­nomic gov­er­nance.

The con­sen­suses reached at the G20 Sum­mit in Hangzhou last year and other G20 sum­mits should be im­ple­mented to cre­ate a good en­vi­ron­ment for the de­vel­op­ment of emerg­ing economies and de­vel­op­ing coun­tries, Xi said.

Xi also en­cour­aged the BRICS coun­tries to play a lead­ing role in sup­port­ing de­vel­op­ing coun­tries, es­pe­cially African na­tions, to help them to im­prove de­vel­op­ment ca­pac­ity.

Say­ing that prepa­ra­tions for the BRICS Sum­mit in Xi­a­men are go­ing smoothly, Xi added that he ex­pected to make joint ef­forts with the other BRICS mem­bers to achieve fruit­ful out­comes, deepen BRICS co­op­er­a­tion, of­fer new so­lu­tions to im­prove global gov­er­nance and con­trib­ute to global eco­nomic growth.

South African Pres­i­dent Ja­cob Zuma, Brazil­ian Pres­i­dent Michel Te­mer, Rus­sian Pres­i­dent Vladimir Putin and In­dian Prime Min­is­ter Naren­dra Modi at­tended the meet­ing and agreed that the BRICS coun­tries should keep the good mo­men­tum of co­op­er­a­tion on pol­i­tics, econ­omy and peo­ple-to-peo­ple ex­changes to push for­ward prac­ti­cal co­op­er­a­tion of the BRICS mem­bers, ac­cord­ing to a state­ment from China’s For­eign Min­istry.

They also agreed to work to­gether to send pos­i­tive mes­sages in the G20, to push the in­ter­na­tional or­der to de­velop in the di­rec­tion of be­ing more just and rea­son­able, and to cre­ate a bet­ter en­vi­ron­ment for the de­vel­op­ment of emerg­ing mar­kets, the state­ment said.


The G20 Sum­mit par­tic­i­pants pose

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