President Cyril Ramaphosa will lead South Africa’s participation in the virtual 14th BRICS Leaders’ Summit hosted by the People’s Republic of China from 23 to 24 June 2022.
The Summit will be chaired by President Xi Jinping of the People’s Republic of China, as Chair of BRICS for 2022, under the theme “Foster High-quality BRICS Partnership; Usher in a New Era for Global Development”.
BRICS is a grouping of five major emerging economies – Brazil, Russia, India, China and South Africa – which together represent about 41% of the world’s population, 26% of the planet’s land mass across four of the continents, 25% of global GDP and 20% of world trade.
The grouping was established as a forum of like-minded, progressive emerging market and developing countries.
This association is committed to restructuring the global political, economic, and financial architecture to be more inclusive, fair, representative, and democratic with meaningful and greater participation of developing countries.
The Leaders will focus on strengthening intra-BRICS relations and mutually beneficial cooperation across the BRICS pillars of cooperation, namely, political and security, economic and finance, social, and people-to-people partnership.
The Summit will also receive reports from the BRICS National Security Advisors, the Chair of the BRICS Business Council, the Chair of the BRICS Women’s Business Alliance, and the President of the New Development Bank.
The Summit will also consider for adoption the BRICS 2022 Beijing Declaration that emphasises the priorities of the Chinese Chairship in 2022.
These priorities entail the three BRICS pillars of cooperation; enhancing trust, communication and coordination on global and regional issues; deepening practical cooperation in all fields, and enhancing dialogue and cooperation with other emerging markets and developing countries to broaden South-South cooperation for common development and prosperity.
Among the expected outcomes for this…