“BRICS Plus” mech­a­nism turns BRICS co­op­er­a­tion into the most im­pact­ful plat­form for South-south co­op­er­a­tion

ChinAfrica - - Busi­ness -

the Cameroon Tri­bune, en­vi­sions a fu­ture where more African coun­tries will fur­ther align with other de­vel­op­ing na­tions through in­vest­ment and shared prac­tices. Thanks to the of­fi­cial setup of “BRICS Plus” mech­a­nism, the vi­sion of fur­ther co­op­er­a­tion between de­vel­op­ing na­tions has been made pos­si­ble through the widen­ing of BRICS coun­tries’ cir­cle of friends dur­ing the 2017 BRICS Sum­mit held from Septem­ber 3 to 5 in Xi­a­men, south­east China’s Fu­jian Prov­ince.

Be­sides BRICS mem­ber South Africa, Guinea and Egypt were also in­vited to the sum­mit to par­tic­i­pate in an open di­a­logue among emerg­ing and de­vel­oped na­tions.

“If a per­ma­nent mem­ber ben­e­fits from BRICS co­op­er­a­tion, it means Africa is also ben­e­fit­ing,” Ndukong told Chi­nafrica dur­ing the sum­mit. He is con­fi­dent that Cameroon’s in­fra­struc­ture and con­nec­tiv­ity like roads, bridges, telecom­mu­ni­ca­tions and hy­dro dams for elec­tric­ity will be im­proved and fur­ther fa­cil­i­tate eco­nomic ad­vances through such co­op­er­a­tion. “We need all such in­fra­struc­ture to de­velop. That’s why Africa be­lieves BRICS will help it de­velop,” he added.

This, he said, will ex­pand its cir­cle of mem­bers. “With broad part­ner­ships, the group can evolve into a more in­flu­en­tial plat­form for South-south co­op­er­a­tion. It also re­flects China’s vi­sion for a new glob­al­iza­tion with pro­mot­ing com­mon de­vel­op­ment as its core,” he said.

Ac­cord­ing to Wang, many emerg­ing economies, in­clud­ing Indonesia and Turkey, have shown great in­ter­est in join­ing the plat­form. The Xi­a­men Dec­la­ra­tion also pro­posed to strive to­ward broad part­ner­ships with emerg­ing mar­ket and de­vel­op­ing coun­tries, com­mit­ting that di­a­logue and co­op­er­a­tion with NON-BRICS coun­tries would be on an “equal foot­ing.” “By ex­pand­ing the bloc’s part­ner­ship, BRICS Plus would in­fuse a fresh driv­ing force for its de­vel­op­ment in the next decade,” Chen said.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.