With 42 percent of the world's population and 30 percent of the world's territory, BRICS member countries are constantly proving what they can achieve by teaming up and capitalizing on their respective strengths.
South Africa's state-owned Denel Aviation company will start servicing Russian-made helicopters operating in sub-Saharan Africa, opening a major defense cooperation opportunity between the two countries.
A BRICS Bank could help foster even more trade between the countries involved, said Jim O’Neill, chairman of Goldman Sachs Asset Management.
BRICS members should create a free trade agreement to increase the power and voice of emerging economies in the world economy, Chinese experts say.
China and Brazil on Tuesday signed agreements aimed at boosting economic cooperation between the two countries.
BRICS nations have agreed to establish a development bank to fund infrastructure in the five emerging economies, Chinese Finance Minister Lou Jiwei confirmed on Tuesday.
The BRICS countries have grown to rank among the top investing countries in Africa on foreign direct investment stocks and flows.
Growing trade ties between China and Brazil can help invigorate the BRICS (Brazil, Russia, India, China and South Africa) mechanism.
South Africa, its government, people and businesses are extending a very warm welcome to leaders and delegations of the BRICS economies as they gather in Durban for their 5th annual summit on March 25-27 to discuss "BRICS and Africa-Partnerships for integration and industrialization."
Growing trade ties between China and Brazil can help invigorate the BRICS mechanism, officials and analysts from the two countries have said.
The BRICS group, comprising five emerging economies, has facilitated multilateral cooperation in the world, says a Russian special envoy to BRICS.
There is little doubt that South Africa as host country of the upcoming summit of the BRICS countries to be held in Durban March 26-27, will grasp the opportunity to project itself as an emerging economy and take pride in its association with this prestigious club.
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