The BRICS group could soon expand: China

The BRICS group could soon expand: China

China’s foreign ministry has said it supports expanding BRICS Plus cooperation. (File)

Beijing:

According to the Chinese government, for the first time, the Brazil-Russia-India-China-South Africa (BRICS) grouping is expected to begin an expansion process to include members of the new developing countries.

On Friday, the Chinese Foreign Ministry said that Beijing would actively promote the expansion of the BRICS and would welcome more global partners to join the group.

Foreign Ministry Spokeswoman Jiang Yu’s Regular Press Conference on November 26, 2006

“China will work with the BRICS parties to continue in-depth discussions on BRICS expansion and to set standards and modalities for it on the basis of consensus. We look forward to more like-minded partners joining the larger BRICS family.” Said in a statement.

BRICS is a multilateral forum comprising the world’s five major emerging economies, namely Brazil, Russia, India, China and South Africa.

Mr Wang emphasized that the recent BRICS foreign ministers’ meeting had supported the expansion of the initiative, and that “BRICS Plus” consultations had been held as part of the ministerial meeting.

On May 23, a BRICS Plus Virtual Conference was held as part of a major meeting with ministers from countries including the UAE, Saudi Arabia, Egypt, Kazakhstan, Indonesia, Argentina, Nigeria, Senegal and Thailand, according to the report.

BRICS Plus is a new phase in the expansion of BRICS – already known for its combined economic growth potential – aimed at welcoming more countries and improving economic conditions.

China actively supports the launch of the BRICS expansion process and the expansion of “BRICS Plus” cooperation, “the Chinese Ministry said.

“In the face of a century of change and epidemics caused by the international hotspot issue, the BRICS countries agree that it is important to enhance cooperation with other emerging markets and developing countries, further enhance BRICS representation, and create a BRICS voice, major international and regional. To listen more broadly to issues, to meet challenges, and to uphold the common interests and development of emerging markets and developing countries.

(Except for the title, this story was not edited by NDTV staff and was published from a syndicated feed.)

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