Globalization

forward. “This highlights the importance of cooperation among BRICS countries,” Zhao said, adding that establishing free trade zones ( FTZs) or high- level free trade agreements will greatly facilitate economic cooperation between BRICS nations.

Financial Cooperation

“Cooperation between the BRICS countries now extends beyond the economic sphere,” said George Zinoviev, minister counselor of the Russian Embassy to China. He noted that in recent years, at the United Nations and other international platforms, the BRICS nations have successfully coordinated their positions and taken action on a wide range of global issues like terrorism,