BRICS Summit Ends in South Africa

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 27-Jul-2018

The 2018 summit of the BRICS nations (Brazil, Russia, India, China and South Africa) which began days ago in South Africa’s Johannesburg.

At the end of the summit, the BRICS leaders adopted the Johannesburg Declaration, with its emphasis on fair trade, sustainable development and an inclusive economy.

Some African countries that are not BRICS members also attended the three-day summit.

“We can neither ignore nor take for granted the reality that is the 4th industrial revolution and the impact that it will have on the global economy,” said President Ramaphosa.

“We need to equip our people with the necessary skills to thrive in such a society and in such an economy.

Brics countries established a partnership focused on the impact of the new industrial revolution and aimed at deepening co-operation on industrialisation, innovation and investment.

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“Professionals must be ready for a world where citizens assimilate knowledge at the advent of the fourth industrial revolution,” said Brazil’s President Michel Temer.

There are indications that intra-BRICS trade is growing, but the countries want this to increase further.

Russian President Vladimir Putin said, “In 2017, the trade with Brics countries has grown by 30 percent and we are aiming at developing this kind of partnership. I support the Business Council to simplify administrative barriers.”

Brics nations also want to establish a counterterrorism coalition to boost the fight against terrorist acts which have affected member countries including India.
They also want to help fellow Brics countries hold those responsible to account.”
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While leaders focused on key issues, they also took some time off to get imprints of their hands made to be kept at Maropeng, next to those of former President Nelson Mandela. ENCA

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