At the BRICS Summit of Developing Countries, the conference this week in South Africa, Russia and China hope to advance their agendas and, they will seek to further their political and economic interests in the developing world. A foreseen united dosage of anti-Western grumbling from them may take on a sharper flavor with a formal effort to lure Saudi Arabia closer.
Brazilian, Russian, Indian, Chinese, and South African (BRICS) leaders will meet for three days in Johannesburg’s Sandton financial district. Chinese Premier Xi Jinping’s attendance highlights the diplomatic resources his country has invested in the group over the past 15 years as a vehicle for its aspirations.
General appeals for greater collaboration among countries in the Global South amid their mounting anger over perceived Western control of international institutions are anticipated to come out of the main summit on Wednesday, as well as the side meetings on Tuesday and Thursday.
Russia and China are more than willing to capitalize on that sentiment. Xi and Sergey Lavrov, the Russian Foreign Minister who will represent Putin in South Africa, will have a sizable audience at the side meetings in Africa’s richest city thanks to the attendance of leaders or representatives of dozens more developing nations.
The proposed extension of the BRICS, which was founded in 2009 by the rising market nations of Brazil, Russia, India, and China and later included South Africa, will be considered and perhaps decided. This policy point has more immediate repercussions.
What is expected to happen at Bricks?
High-Level Meetings: High-level meetings between the presidents of the member nations are a common feature of BRICS gatherings. Leaders have the chance to discuss a range of topics of shared interest during these gatherings, including political difficulties, global challenges, and economic cooperation.
- Bilateral and Multilateral Talks: Leaders frequently hold bilateral discussions outside of the main BRICS conferences. These sessions enable leaders to have more in-depth discussions about particular subjects.
- Trade and Investment: Given that the BRICS nations have significant global economies, trade, and investment-related issues are common at these gatherings. Leaders may talk about how to improve economic cooperation, lower trade obstacles, and encourage investment opportunities between participating nations.
- Infrastructure and Development: BRICS meetings frequently center on improving infrastructure. Leaders may talk about joint initiatives and projects that can aid in the development of the infrastructure in member nations, including South Africa.
- Innovation and Technology: Innovation and technology exchange is crucial for the growth of economies. Discussions about fostering innovation and sharing technological breakthroughs among member nations may be included in BRICS events.
- Geopolitical concerns: The BRICS nations frequently debate geopolitical concerns at the international level, such as peace, security, and stability. These conversations seek to harmonize member nations’ interests and advance a more multipolar international system.
- Direct Communications: Meetings of the BRICS include promoting people-to-people connections, educational collaboration, and cultural exchange. This might include educational conferences, cultural gatherings, and initiatives to engage young people.
- Joint Declarations and Agreements: Member nations may publish joint declarations, agreements, or statements at the end of the event stating the conclusions of the talks and the areas of cooperation that have been decided upon.
- Business Forums: In addition to the formal government gatherings, there may be networking opportunities and business forums where corporate executives from the BRICS nations can look into possible collaborations.
- Media Involvement: Press conferences and interviews with leaders can shed light on the debates and conclusions of BRICS gatherings, and media coverage of these events is considerable.
An important chapter in the continuous relationship between these developing economic powerhouses and the continent is opened with the BRICS event in Africa. The potential benefits of BRICS countries’ efforts to deepen their connections with Africa go far beyond economic rewards. Collaboration in fields including sustainable development, trade, technology transfer, and infrastructure may make the globe more prosperous and integrated. The BRICS alliance’s interaction with the continent reflects a strategic vision that prioritizes mutual growth and shared prosperity as Africa continues to emerge as a major economic force in the world. To sum it all up, the BRICS, conference will try to advance politically and economically in the developing world
