BRICS: Boosting Economic Cooperation

BRICS: Boosting Economic Cooperation

1 June, 09:00–10:15

One of the key priorities of China’s BRICS presidency in 2017 is to broaden cooperation on joint projects as an effective tool for strengthening trade and economic ties, and achieving a new level of economic integration between the five countries. Topics for discussion include the possibilities and prospects for initiating a new level of industrial and technological cooperation and identifying factors that are hindering efforts towards this objective; the positive experiences in implementing joint projects; and the support that the New Development Bank can provide for projects being implemented within the BRICS economies. Participants in the session will share their experience in promoting projects in BRICS countries in the infrastructure, energy, industry, IT, and telecommunications sectors, and also identify some of the key challenges faced by business today.


Key moments

Trade investment, interconnectivity, financial cooperation and development are very important points for growth and cooperation among the BRICS countries. We already have resources, we should make full use of them.
Xiao Sun
Deputy Director General, Cooperation Department, China Council for the Promotion of International Trade
Local currencies can be the instrument of development of emerging countries. I think there is now consensus between BRICS countries that we should increase the use of local currencies.
Kundapur Vaman Kamath
President, New Development Bank (NDB)
Today BRICS reflects future and has a potential, it creates opportunities not only for its members, it also creates opportunities for the continent of Africa.
Bulelani Magwanishe
Deputy Minister of Trade and Industry of South Africa
International projects implemented at the regional level are a good instrument to develop international relations and set up joint ventures.
Boris Dubrovsky
Governor of Chelyabinsk Region
The development of electronic trading platforms allowing to carry out transactions and search for partners “in three clicks” is becoming particularly important for mutual integration of BRICS countries.
Anna Nesterova
Founder, Chairman of the Board of Directors, GlobalRus Trade
One of the potential directions of work for the BRICS Bank is interaction with regional development institutions of BRICS countries as well as cooperation between national and international development institutions.
Yaroslav Lissovolik
Chief Economist, Member of the Management Board, Eurasian Development Bank (EDB)