Xi Calls for BRICS Expansion, Global South Inclusion
By Rediff Money Desk, Kazan Oct 23, 2024 18:12
Chinese President Xi Jinping calls for BRICS expansion to include more countries, urging the bloc to respond to requests from the Global South. He also emphasizes the importance of reforming global governance and financial systems.
Kazan, Oct 23 (PTI) Chinese President Xi Jinping said Wednesday that the ongoing BRICS summit here has decided to invite a number of nations to become partner countries and called on the grouping to actively respond to the requests of countries of the Global South to join the bloc.
BRICS consisting of Brazil, Russia, India, China and South Africa has now expanded with five additional members - Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
In his speech addressing the 16th BRICS Summit, Xi said the summit has decided to invite a number of nations to become partner countries, China's state-run Xinhua news agency reported.
He hailed the decision as another important development in the course of BRICS development.
Xi said that the group of emerging economies should advance the process of expanding membership and establishing partner countries, and enhance the representation and voice of developing countries in global governance.
He called on BRICS members to build the multilateral mechanism into a major venue of solidarity and cooperation for the Global South and a vanguard force for global governance reform.
He said that the member states should build BRICS for peace and act as guardians of common security, upholding the three principles of no expansion of the battlefield, no escalation of fighting and no provocation by any party, to work for de-escalation of the Ukraine crisis as soon as possible.
Xi also called for building a BRICS for justice and leading the reform of the global governance system and urged the members to conform to the general trend of the rise of the Global South, and actively respond to the call of countries to join the BRICS cooperation mechanism.
He said there is urgency to reform the international financial architecture in the current situation and called for strengthening the New Development Bank of the BRICS to take the lead in promoting a better alignment of the international financial system with the changing dynamics of the global economy.
He said China will establish 10 overseas learning centres in BRICS countries in the next five years to provide training opportunities for 1,000 education administrators, teachers and students.
Xi said BRICS should become a platform for innovation and act as a pioneer for high-quality development.
He said the BRICS members should work to build green BRICS and be practitioners of sustainable development, noting that China is willing to leverage its own advantages to expand cooperation with BRICS countries in green industries, clean energy and green minerals.
BRICS consisting of Brazil, Russia, India, China and South Africa has now expanded with five additional members - Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
In his speech addressing the 16th BRICS Summit, Xi said the summit has decided to invite a number of nations to become partner countries, China's state-run Xinhua news agency reported.
He hailed the decision as another important development in the course of BRICS development.
Xi said that the group of emerging economies should advance the process of expanding membership and establishing partner countries, and enhance the representation and voice of developing countries in global governance.
He called on BRICS members to build the multilateral mechanism into a major venue of solidarity and cooperation for the Global South and a vanguard force for global governance reform.
He said that the member states should build BRICS for peace and act as guardians of common security, upholding the three principles of no expansion of the battlefield, no escalation of fighting and no provocation by any party, to work for de-escalation of the Ukraine crisis as soon as possible.
Xi also called for building a BRICS for justice and leading the reform of the global governance system and urged the members to conform to the general trend of the rise of the Global South, and actively respond to the call of countries to join the BRICS cooperation mechanism.
He said there is urgency to reform the international financial architecture in the current situation and called for strengthening the New Development Bank of the BRICS to take the lead in promoting a better alignment of the international financial system with the changing dynamics of the global economy.
He said China will establish 10 overseas learning centres in BRICS countries in the next five years to provide training opportunities for 1,000 education administrators, teachers and students.
Xi said BRICS should become a platform for innovation and act as a pioneer for high-quality development.
He said the BRICS members should work to build green BRICS and be practitioners of sustainable development, noting that China is willing to leverage its own advantages to expand cooperation with BRICS countries in green industries, clean energy and green minerals.
Source: PTI
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