CYRIL RAMAPHOSA
LATER this week, I will join the leaders of China, Brazil, Russia and India at the 14th BRICS Leaders’ Summit, which will be hosted virtually by Chinese President Xi Jinping.
The value of South Africa’s membership of BRICS has grown substantially since we joined this group of emerging economies 12 years ago. As we work to rebuild our country in the wake of the COVID-19 pandemic, there is much to be gained from our participation in BRICS and the relationships we have established with other member countries.
At the outset, BRICS countries identified the strengthening of economic and financial ties as one of the key pillars of its cooperation.
The countries have adopted the Strategy for BRICS Economic Partnership to increase access to each other’s markets, promote mutual trade and investment and create a business-friendly environment for investors in all BRICS countries.
An important part of this strategy,
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