Page 15 - Brics

BRICS countries urged to expand inter-trade instead of with other countries

The BRICS countries need to urgently expand trade with each other rather than with the rest of the world, a top official of the International Labour Organisation (ILO) has said and offered technical support from the UN agency towards the realisation of such a goal. BRICS includes Brazil, Russia, India, China and South Africa. Jens Dyring Christensen, Senior Specialist in Enterprise Development and Management at the ILO, made the comment on Wednesday while speaking on the topic 'BRICS Productivity Ecosystems' at the bloc's second Employment Working Group (EWG). What we find is that trade with the United States is six times higher than within BRICS member states. What is needed is to expand inter-BRICS trade, he said. The meeting, which took place in South Africa's Port Alfred, is one of several preparatory ones ahead of the BRICS Summit scheduled to take place in Johannesburg in August. The heads of state of the five partner countries in the bloc are all expected to attend the ...

Perils of new multilateralism

Nostalgia for the non-aligned years is back in India, multilateralism is in fashion, and only places where we seek refuge are the organisations China founded or dominates

BRICS surpass G7 GDP, India, China major economies with fast growth

The inflationary pressures, coupled with relentless rate hikes by central banks around the world, have hit Europe hard

Relocation of cheetah to India a measure of goodwill between BRICS partners

The "historic" relocation of 12 cheetahs from South Africa to India on Saturday is a measure of "goodwill" between the two BRICS partners to share the gene pool to ensure the survival of a species, senior officials from both countries have said. India originally initiated plans to bring the cheetahs to the country by mid-2022, but a delay in finalising a Memorandum of Understanding between the two governments led to a postponement, with the animals continuing with their quarantine at a reserve in Limpopo province. "This is a historic MoU. It is a transcontinental location from wild to wild. Normally animals do move, but this has been a challenge for both countries, said Dr Amit Mallick, Inspector-General of the National Tiger Conservation Authority. Flora Mokgohloa, Deputy Director General for Biodiversity and Conservation in the South African Department of Forestry, Fishing and the Environment, said the financial value of the cheetahs being sent to India by South Africa was ...

South Africa to host 15th BRICS summit at Durban in late August 2023

The 15th BRICS summit is all set to take place in South Africa's Durban in late August this year

BRICS mulling alternative to dollar-dominated payment system: South Africa

Naledi Pandor said one of the reasons for BRICS to established New Development Bank was to reduce their dependence on dollars

Invest in India story, MSME sector must be promoted: Goyal to industry

Goyal's comments come after Union Finance Minister, Nirmala Sitharaman, recently asked India Inc what is stopping them from investing

BRICS acknowledge UNGA resolution on combating glorification of Nazism

The ministers discussed the possibilities for mutual support of their initiatives at the 77th session of the United Nations General Assembly

BRICS members support South Africa's chairship in 2023, 15th summit

According to the statement released by BRICS, ministers were briefed on the preparations for South Africa's Chairship of BRICS in 2023

India to push big for multilateral reforms of WTO, IMF as G20 Chair

Focus will also be on climate justice, green financing

EAM Jaishankar to visit US from Sept 18 to attend UNGA, BRICS, Quad meets

External Affairs Minister S Jaishankar will pay an 11-day visit to the US beginning Sunday to attend the UN General Assembly and participate in meetings of Quad, BRICS and several other key groupings. He is also scheduled to hold talks with US Secretary of State Antony Blinken and other senior officials of the Biden Administration. Jaishankar will be in New York from September 18 to 24, while he will visit Washington DC from September 25 to 28, according to the Ministry of External Affairs (MEA). In New York, the external affairs minister (EAM) will be leading the India delegation for the "high-level week" at the 77th session of the UN General Assembly (UNGA), it said. The theme of the 77th UNGA is "A Watershed Moment: Transformative Solutions to Interlocking Challenges." Jaishankar's address at the UNGA session is scheduled in the forenoon of September 24. "In keeping with India's strong commitment to reformed multilateralism, the EAM will be hosting a ministerial meeting of the

Peace with diplomacy: A Global South perspective for Ukraine

The conflict in Ukraine is the most recent clash between the West and the rest of the world's perspectives

Iran, Argentina apply to join BRICS bloc after recent summit: Report

Ahead of the summit, Saudi Arabia too expressed interest to join the grouping, according to reports

Straddling cooperation and challenges at BRICS

India placed on the agenda the need for strengthening civil society organisations and think-tanks

BRICS no longer matters

The emerging-market grouping has failed to retain relevance

Best of BS Opinion: BRICS no longer matters, aerial boon for farming & more

Here are the top BS Opinion articles of the day

BRICS members should provide mutual support in designating terrorists: Modi

Prime Minister Modi has said at the BRICS virtual summit that member nations should understand security concerns of each other and provide mutual support in the designation of terrorists

BRICS can together help out in global post-Covid recovery: PM Modi

'Covid impact on global economy less severe than before, but effects lingering'

India, China discuss return of students, resumption of direct flights

Over 23,000 Indian students are studying in Chinese colleges, mostly medical courses; over 12,000 Indian students have expressed their wish to return

BRICS nations call for comprehensive reform of UN to make it more effective

'We commit to respect sovereignty, territorial integrity of all States; stress our commitment to peaceful resolution of differences, disputes,'' stated BRICS declaration