Home Tags India
The planned BRICS development bank will be crucial to fuel development, trade and investment among BRICS and other developing countries, Business Unity South Africa president Jabu Mabuza told the BRICS Business Forum in Durban on Tuesday.
Food security will be high on the agenda at the 5th BRICS Summit in Durban next week, Agriculture, Forestry and Fisheries Minister Tina Joemat-Pettersson said during a roadshow on the summit in Nelspruit, Mpumalanga on Monday.
The world will be watching closely to see whether the leaders of Brazil, Russia, India, China and South Africa can conclude negotiations for setting up a BRICS development bank when they meet in Durban in less than two weeks' time.
The heads of the customs services of the five BRICS member countries met for the first time in South Africa this week to explore ways of tackling common challenges, in particular the fight against drug smuggling.
India's economy presents enormous opportunities for South African businesses, Deputy Trade and Industry Minister Elizabeth Thabethe said as she kicked off the government's latest trade and investment mission to the Asian country.
Brazil, Russia, India, China and South Africa aim to conclude the setting up of a BRICS-led development bank at the BRICS summit taking place in Durban in March, says South African Deputy International Relations Minister Marius Fransman.
The BRICS grouping of Brazil, Russia, India, China and South Africa has called on the G20 to strengthen its coordination and find ways to improve the multilateral trading system in order to address current global economic uncertainties.
The BRICS grouping of influential emerging economies - Brazil, Russia, India, China and South Africa - have taken another step towards establishing a development bank that could one day rival the World Bank.