BRICS Summit

- Jul 31, 2018 -

The BRICS mechanism owes its birth and growth to evolution of both the global economy and the international landscape. In its first decade, BRICS cooperation got off the ground and bore rich fruit. We five BRICS countries, guided by the BRICS spirit of openness, inclusiveness and win-win cooperation, have deepened our cooperation, enhanced our solidarity and mutual trust, improved the lives of our peoples, and made our bond of interests and friendship even closer. Indeed, our cooperation has contributed much to global economic recovery and growth.


The next decade will be a crucial one in which new global growth drivers will take the place of old ones, see faster changes in the international landscape and the international alignment of forces and a profound reshaping of the global governance system. We BRICS countries should keep abreast of the historical trend, seize development opportunities, jointly meet challenges, and play a constructive role in building a new type of international relations and a community with a shared future for mankind.


We the BRICS countries must have a keen grasp of the trend of our times, deepen our strategic partnership, and consolidate our cooperation framework underpinned by economic, political and security cooperation and people-to-people exchanges. This way, we will be able to turn our vision of a second "Golden Decade" into a reality.


First, we must unlock the enormous potential of our economic cooperation. We need to step up trade, investment, economic, financial, and connectivity cooperation to make this pie still bigger. We must safeguard the rule-based multilateral trading regime, promote trade and investment liberalization and facilitation, and reject protectionism outright. It is important that we continue to pursue innovation-driven development and build a Partnership on New Industrial Revolution to strengthen coordination on macroeconomic policies and find more complementarities in our development strategies. By so doing, we hope to enhance the competitiveness of not only BRICS countries but also other emerging markets and developing countries.


Second, we must safeguard global peace and security. We should stay committed to multilateralism and to the purposes and principles of the UN Charter. We should call on all parties to abide by international law and basic norms governing international relations and to settle disputes through dialogue and differences through consultation. We can jointly work for a new type of international relations featuring mutual respect, equality, justice and win-win cooperation.


Third, we must expand people-to-people exchanges. We should aim at greater people-to-people connectivity and more popular support for BRICS cooperation through extensive exchanges in cultural and other areas, and further enhance the mutual understanding and traditional friendship among our people.


Fourth, we must build a network of closer partnerships. We may explore "BRICS Plus" cooperation within the United Nations, the G20, and other frameworks to advance the common interests and boost the development space for emerging markets and developing countries, thus contributing more to world peace and development through broader partnerships.

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