国内英语资讯:BRICS: Towards New Horizons of Strategic Partnership: Putin_时事

国内英语资讯:BRICS: Towards New Horizons of Strategic Partnership: Putin

I would like to point out that on Russia’s initiative?a BRICS Strategy for Economic Partnership was adopted at the Ufa Summit in 2017 and is being successfully implemented. We hope to be able to discuss new large-scale cooperation tasks in trade and investment and industrial cooperation at the Xiamen Summit.

Russia is interested in promoting economic cooperation within the BRICS format. Considerable practical achievements have been recently reported in this area, primarily the launch of the New Development Bank (NDB). It has approved seven investment projects in the BRICS countries worth around $1.5 billion. This year, the NDB is to approve a second package of investment projects worth $2.5-$3 billion in total. I am convinced that their implementation will not only be a boost to our economies but will also promote integration between our countries.

Russia shares the BRICS countries’ concerns over the unfairness of the global financial and economic architecture, which does not give due regard to the growing weight of the emerging economies. We are ready to work together with our partners to promote international financial regulation reforms and to overcome the excessive domination of the limited number of reserve currencies. We will also work towards a more balanced distribution of quotas and voting shares within the IMF and the World Bank.

I am confident that the BRICS countries will continue to act in a consolidated manner against protectionism and new barriers in global trade. We value the BRICS countries’ consensus on this issue, which allows us to more consistently advocate the foundations of an open, equal and mutually beneficial multilateral trade system and to strengthen the role of the WTO as the key regulator in international trade.