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Think Tank

International Observation: Why the attractiveness of the BRICS cooperation mechanism is becoming stronger

2023-08-21   

The 15th BRICS Leaders' Meeting is scheduled to be held in South Africa from August 22nd to 24th. This is the first offline meeting of BRICS leaders in over three years, and BRICS leaders will discuss topics such as strengthening BRICS cooperation and expanding the BRICS cooperation mechanism. During this meeting, in addition to activities such as the BRICS Leaders' Meeting and the BRICS Business Forum, South Africa also invited many African countries and leaders of countries from the "Global South" to attend the "BRICS Africa" Conference and the "BRICS+" Dialogue. At the same time, some countries in Africa, the Middle East, Latin America and other regions have officially applied to join the BRICS cooperation mechanism, and more countries have expressed their willingness to join. The attractiveness and appeal of the BRICS cooperation mechanism are becoming stronger and stronger. On August 17th, workers placed banners for the BRICS Summit outside the Thornton Convention and Exhibition Center in Johannesburg, South Africa. Zhang Yudong, a journalist from Xinhua News Agency, photographed that peace and development are the common aspirations of all humanity for common development. The BRICS cooperation mechanism is effective because it is based on the noble principles of promoting world peace and development. The BRICS countries share a common vision for the future development of humanity, which is also the reason for the increasing attractiveness of the BRICS cooperation mechanism. The BRICS cooperation mechanism has gone through 17 years of development and achieved fruitful results: the establishment of the New Development Bank, the establishment of emergency reserve arrangements for BRICS countries, the formulation of the BRICS Food Security Cooperation Strategy, and the full maintenance of the multilateral trading system based on the World Trade Organization. Practical cooperation involves various fields such as economy and trade, finance, technology, agriculture, culture, education, health, and think tanks, in order to promote global economic recovery We have made significant contributions to addressing global development issues. According to statistical data released by the UK economic research firm Acorn Macro Consulting in March this year, in 2022, the BRICS countries composed of the five major emerging economies accounted for a greater proportion of the world economy than the Group of Seven Western countries, calculated at purchasing power parity. This reflects the changes in the world economic landscape and the achievements of the development of the BRICS countries. Many developing countries hope to join the BRICS cooperation mechanism precisely because they have seen the vibrant development of the BRICS and hope to learn from successful experiences and ride the train of development together. Mukhtar Gobashi, Vice Chairman of the Arab Political and Strategic Research Center in Egypt, believes that an increasing number of countries hope to join the BRICS cooperation mechanism, indicating that it is an attractive mechanism with significant influence in the world economy. Joining the BRICS cooperation mechanism will enhance investment and trade exchanges among member countries, which will help promote economic growth. Selchuk Cholakolu, director of Türkiye's Asia Pacific Research Center, pointed out that BRICS countries have solved the problems faced by many developing countries and made remarkable achievements in sustainable development and poverty eradication. Other developing countries also hope to join the BRICS cooperation mechanism and inject more impetus into their own economic development through mutual learning and cooperation. Sebastian Schultz, a researcher at the China Research Center at the National University of La Plata in Argentina, said that developing countries from different regions, with different histories and languages have applied to join the BRICS cooperation mechanism, which is enough to demonstrate that developing countries are optimistic about its prospects. This is August 17th in the south

Edit:Luo yu Responsible editor:Jia jia

Source:xinhuaNet

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