
Expert names key areas for further cooperation among BRICS and BRICS+ states
The economic and investment potential of the BRICS and BRICS+ frameworks lies in their scale, diversity, and shared ambition to shape a new global economic order. This was stated by Walid Farghal, Director General of the Annual Investment Meeting (AIM Congress), in an exclusive interview at the TV BRICS studio in the Roscongress International Cooperation Area at St. Petersburg International Economic Forum (SPIEF) 2025.
'The BRICS and the BRICS+ represent a global segment in economy. Through their combined population – more than 3 billion people – they surpassed their presence as emerging countries to be a group contributing to the global economy and having their own power in terms of economic impact on their populations as well as for neighbouring countries and for all member countries of BRICS,' he said.
Farghal emphasised several areas of high potential for further collaboration: 'The areas of cooperation of the BRICS and the BRICS+ countries can be in the green investment, environmental investment, and the climate change. It can be also in the digital economy, the FinTech solutions, logistics, and the transport.'
He noted that development in these sectors would be mutually beneficial: 'It plays a key role in all the BRICS countries to contribute to each other through their own resources, their own manufacturing requirements.'
The Director General of AIM Congress also stressed the importance of inclusive growth and support for small and medium-sized businesses.
He concluded by calling for a joint effort to reduce barriers to trade and investment: 'It is very important to develop easy policies from all the governments of BRICS, which will facilitate more investment and trade flows in these countries.'
Text copied from https://tvbrics.com/en/news/expert-names-key-areas-for-further-cooperation-among-brics-and-brics-states/
read more
Gold prices rise, 21 Karat at EGP 3685
NATO's Role in Israeli-Palestinian Conflict
US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria
Shoukry Meets Director-General of FAO
Lavrov: confrontation bet. nuclear powers must be avoided
News
Iran Summons French Ambassador over Foreign Minister Remarks
News
Aboul Gheit Condemns Israeli Escalation in West Bank
News
Greek PM: Athens Plays Key Role in Improving Energy Security in Region
News
One Person Injured in Explosion at Ukrainian Embassy in Madrid
News
China Launches Largest Ever Aircraft Carrier
Sports
Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer
Lifestyle
Get to Know 2025 Eid Al Adha Prayer Times in Egypt
Videos & Features
Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall
Business
Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
Arts & Culture
Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies
News
Flights suspended at Port Sudan Airport after Drone Attacks
Videos & Features
Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
News
Shell Unveils Cost-Cutting, LNG Growth Plan
Technology
50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


See - Sada Elbalad
2 hours ago
- See - Sada Elbalad
Egypt Backs Saudi French Initiative for International Conference on Palestine
H-Tayea Egyptian President Abdel Fattah El-Sisi has officially announced Egypt's support for the joint French-Saudi initiative to hold a high-level international conference focused on achieving a peaceful resolution to the Palestinian cause. The conference is scheduled to take place in New York on July 28 and 29, 2025, under the auspices of the United Nations. During a phone call on Saturday with French President Emmanuel Macron, President Sisi expressed Egypt's strong backing of the upcoming initiative and welcomed France's recent announcement regarding its intention to formally recognize the State of Palestine during the high-level segment of the UN General Assembly in September. Sisi praised the decision, describing it as a step aligned with France's longstanding efforts to implement the two-state solution, which Egypt also views as the only viable path to ensuring peaceful coexistence between Palestinians and Israelis, and securing lasting peace and stability in the region. Presidential spokesperson Ambassador Mohamed El-Shennawy said the leaders also discussed Egypt's intensive mediation efforts to reach a ceasefire in Gaza, as well as facilitate the exchange of hostages and detainees, and to ensure the adequate delivery of humanitarian aid to civilians in the Gaza Strip. President Macron reiterated France's full support for Egypt's diplomatic efforts and affirmed the need for a comprehensive and just resolution to the Palestinian issue based on international law and UN resolutions. The France-Saudi Arabia conference, to be held later this month, aims to revive momentum toward a two-state solution and promote broader international recognition of Palestinian statehood. France has stated its intent to gather international partners around the initiative to build consensus for concrete action. President Macron confirmed in a recent letter to Palestinian Authority President Mahmoud Abbas that France will formally recognize the State of Palestine during the UN General Assembly in September 2025, and that it will mobilize international partners to support the Saudi-French roadmap. The Israeli government swiftly condemned the French announcement, calling it a reward for terrorism and a disgrace to France's record, in reference to the October 7, 2023 Hamas attack on Israel. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks


Watani
a day ago
- Watani
BRICS: A threat and a promise
It has become a well-established fact in global politics that the US through its belligerence, arrogance, and recklessness in managing global affairs; its double standards, violation of international law and assault on global institutions, is creating a new reality for which it can only blame itself. This new reality marks the decline of US global dominance which started with the end of WWII. Today, we witness the birth of a new bipolar world order that seeks to restore the balance and justice absent from the international scene. This is not a call to replace one unipolar world power with another, because the lesson is clear: the hegemony of one superpower over the world leads to arrogance, belligerence, and abuse of power. Rather, hopes are pinned on the emergence of a multipolar system where global leadership is shared and the right of countries to achieve peace, reject violence, and foster cooperation among peoples is firmly respected. A promising model in the birth of such a multipolar order is the BRICS alliance which has positioned itself as a potential force in global leadership. Established in 2009, BRICS was founded on the premise that international institutions were overly dominated by western powers and had ceased to serve developing countries. The bloc has sought to coordinate its members' economic and diplomatic policies, found new financial institutions, and reduce dependence on the US dollar. The acronym refers to the founding members Brazil, Russia, India, China, and South Africa which became a member in 2011; in 2024 BRICS expanded to include Egypt, Ethiopia, Iran, United Arab Emirates (UAE), and Indonesia. Also in 2024, new 'partner countries' were added: Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan, these countries do not have full member status, but are allowed to participate in BRICS summits. Once the Russia Ukraine War broke out in February 2022, the US and its European allies imposed harsh economic sanctions on Russia, which they hoped would break Russia and defeat it. Russia, however, was able to break away from the long-standing structures of the global economic order and established for itself alternative pathways. BRICS was among the means that not only helped Russia withstand the ramifications of the sanctions, but also helped form a new global coalition that challenged the global order imposed on the world since the end of WWII. In this context, I will here print excerpts from an 11 July talk by Brazilian journalist Pepe Escobar who was interviewed by Judge Andrew Napolitano on his podcast Judging Freedom. Mr Escobar, 71, covered the BRICS summit that took place earlier this month in Sao Paolo. During the summit he met with heads and representatives of the participating delegations, and he covered the summit's developments and activities. Judge Napolitano: Tell us about the [BRICS summit's] final declaration. I understand that it addressed finance, security and culture. Mr Escobar: 'At the end of the BRICS business council, we spent a whole day with business people from all over the global south discussing projects. At the end of another meeting of the NDB, the BRICS Development Bank, Russian Finance Minister Anton Silvanov announced that from now on the NDB, the BRICS bank headquarter in Shanghai, may be working towards becoming the main platform to finance development projects and mega projects across the BRICS sphere bypassing SWIFT; the subtext of what he said is this is de-dollarisation in action… It starts with the NDB, the BRICS bank. It will expand to direct trade between BRICS members. In the case of Russia and China, they are already transacting 90 per cent of their trade in their own currencies in one boost and expanding to the other ones.' The second subject matter was culture. What was addressed with respect to culture in the unanimous BRICS declaration? 'Before the summit we had a very strong debate on media alternatives to big tech controlling narratives all over the world, and of course the soft power control of culture and media by the West. So one of the proposals was: let's have a BRICS-wide media network including factchecking by BRICS members public and private to counteract this imposition of one truth only by the West. There was a letter that came out for a BRICS partner member President of Cuba Diaz Canel. I think it was extremely relevant and had enormous significance; that's the representative of a government that has been stigmatised and harassed by the United States government for decades now… They made a deal in a Rio Sputnik in Russia, Guenshine China and Brazil 247, a portal in Brazil, to increase their cooperation. So, soon we're going to have all these new media alliances and corporations BRICS-wide, and the BRICS nations won't be submitted to dictates coming from big tech and from American mainstream media or western mainstream media.' What did the declaration say about mutual or collective security? 'BRICS is not a military alliance… This was part of the very important first discussion in the opening day where we had a President Lula opening and President Putin went online. It's an absolutely key issue because BRICS has been accused of being anti-western. The Chinese academics have a wonderful definition: BRICS is the post West environment… This means the system of international relations, geoeconomic and geopolitical, established after the end of the second world war is dead from BRICS point of view, and they are working to establish a new one. The West may join or not, because this high-speed train has already left the station.' Do these BRICS nations fear Trump's tariffs? 'Yes, which brings us to why Brazil is on fire now… Just to give you an example, Brazil is the largest exporter of orange juice on the planet; 95 per cent of their production goes abroad, half of it goes to the United States… So they have to find tomorrow if the sanctions start to be applied on August 1st, new markets in Africa, in Southeast Asia, Central Asia, etc. But this is a complicated process.' What a role at BRICS was played by our mutual friend, the greatest diplomat on the planet, Russian foreign minister Sergey Lavrov? 'Lavrov is one of the masterminds in a good sense of BRICS, and the role of BRICS today at overtaking every red line imposed by the [western] empire. BRICS is now at the centre of the whole discussion about reforming the system of international relations.' Watani International 25 July 2025 Comments comments


See - Sada Elbalad
2 days ago
- See - Sada Elbalad
US Reaffirms Commitment to Gaza Ceasefire and Humanitarian Relief
H-Tayea The US Department of State has reaffirmed that Washington remains committed to supporting a ceasefire in the Gaza Strip, with the primary goal of enabling the delivery of urgent humanitarian and relief assistance to civilians in the besieged territory. This statement comes amid intensifying international efforts to address the deepening humanitarian catastrophe in Gaza, which has been subjected to continuous Israeli military operations since October 7, 2023. The crisis has been widely described by international observers and humanitarian agencies as one of the most severe in recent history, with entire neighborhoods destroyed and access to food, water, and medical care critically limited. The US administration's emphasis on securing a humanitarian ceasefire aligns with broader diplomatic initiatives aimed at halting the violence, facilitating emergency aid access, and opening space for negotiations toward a longer-term political resolution. Washington's position adds to growing global pressure on all parties to prioritize civilian protection, uphold international humanitarian law, and enable relief efforts in a region where over two million people remain trapped in conditions of extreme danger and deprivation. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs Sports Get to Know 2025 WWE Evolution Results News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks