(Source "China Trade News" 2024-10-31)
The 16th BRICS leaders’ meeting is the first summit after the BRICS expansion，As a model of South-South cooperation，The BRICS cooperation mechanism plays an important role in promoting the development of globalization and the transformation of global governance mechanisms，has become the mainstay of maintaining international peace and stability、Key force promoting world economic development。President Xi Jinping pointed out at this year’s “BRICS+” leaders’ dialogue，As the first phalanx of the “Global South”，We need to show our collective wisdom and strength，Stand up and take responsibility for building a community with a shared future for mankind。Future，With the further expansion of BRICS partner countries，BRICS economic and trade cooperation will continue to deepen，Welcome more opportunities，The "Greater BRICS Cooperation" will open up a new situation。
Trade investment is the cornerstone of BRICS economic and trade cooperation。BRICS countries account for about 30% of global GDP，Has nearly half of the world’s population，And accounts for one-fifth of global trade，Large market size，Broad development prospects，Many opportunities for trade and investment cooperation。The first three quarters of this year，The trade volume between China and other BRICS countries reaches 4.62 trillion yuan，YoY growth of 5.1%。where，China’s integrated circuits w88 casino games loginto other BRICS countries、Aircraft parts、Exports of intermediate products such as tablet computer display modules achieved double-digit growth，And more than 80% of poultry meat in China、50% of crab imports come from other BRICS countries，Fully demonstrates the obvious economic and trade complementarity between China and BRICS，China has become the largest trading partner of the BRICS countries。
simultaneously，China’s foreign direct investment momentum is increasing。January to August this year，my country’s industry-wide overseas direct investment 7894.500 million yuan，12 year-on-year increase.5%，This shows that through the joint construction of the “Belt and Road”，China’s investment in countries in the Global South continues to grow，Become an important force supporting countries in the Global South。BRICS countries are rich in resources，Urgent industrialization development，Many investment opportunities in manufacturing，China has increasingly become the main investment partner of BRICS countries。Especially since the outbreak of the Red Sea crisis，Global shipping is blocked，There is an urgent need to open up new trade channels，On the basis of China-Russia “Polar Silk Road” cooperation，China’s investment in Arctic waterway development faces important opportunities。In addition，Saudi Arabia、UAE、After Iran and other countries join the BRICS cooperation mechanism，BRICS Oil、Natural gas reserves account for 40% and 50% of the world respectively，Consumption will also account for about 35% of the world in 2023，BRICS countries have more obvious advantages in energy investment and trade cooperation。
Science and technology innovation cooperation is the driving force for economic and trade cooperation among BRICS countries。Strengthening scientific and technological innovation is the consensus of BRICS countries，In recent years, technological innovation cooperation among BRICS countries has continued to deepen，Co-development in technology、Result display、Accurate docking of supply and demand、Talent training、Application scenario shaping, etc.，Carried out fruitful work。The BRICS Technology Transfer Center established in Kunming is one of the important achievements of technological cooperation，Has accumulated nearly w88 online casino betting100,000 scientific research results，Summarized more than 50,000 technical requirements of various types，Involving biomedicine、Agriculture、Green energy and other fields。Future，BRICS technological innovation cooperation mechanism will continue to improve，Working together to tackle key problems in science and technology、Continuous efforts are made to share scientific and technological achievements and promote the application of science and technology to countries in the global South。
Digital economic cooperation is a new growth pole for BRICS economic and trade cooperation。Since the BRICS leaders reached the “BRICS Digital Economy Partnership Framework” at the 14th meeting，BRICS digital economic cooperation opens a new chapter。On the one hand，Facing the huge economic size and population size of the BRICS countries，The development of digital economy will greatly facilitate trade and investment、Improvement of urban management efficiency and many other aspects；On the other hand，There is a clear gap in the level of digital economic development between BRICS countries and countries in the Global South，The digital divide still exists，The digital economy of countries represented by China is developing rapidly，Strong capability and experience in digital infrastructure construction，BRICS New Industrial Revolution Partnership established by China，Focus on digital economic cooperation，Will continue to make efforts in the future，Provide important opportunities and support for digital economic development cooperation and practical experience sharing among BRICS countries and even the global South。
The security and stability of the industrial chain and supply chain are the guarantee for economic and trade cooperation among BRICS countries。In recent years，The world economy suffers from geopolitical conflicts、Multiple challenges such as protectionism countercurrent，Some countries frequently adopt protectionist policies such as "building walls and erecting barriers" and "decoupling and breaking links"，Maintaining and strengthening the stability of industrial and supply chains has become an important development strategy for countries in the Global South，BRICS cooperation mechanism will play an important role。The "BRICS Supply Chain Cooperation w88 casinoFramework on Strengthening Resilience and Sustainable Development" was reached in August 2023、The "BRICS Statement on Strengthening Dialogue to Ensure Effective Operation of Value Chains" was adopted in July 2024，Both emphasized the need to strengthen cooperation，Work together to maintain the security and stability of the global industrial and supply chains。
BRICS countries are each other’s main suppliers and buyers of global commodities，Industry chain and supply chain are closely connected，Agricultural cooperation、Proud cooperation in energy cooperation and supply chain hub construction and other aspects has yielded fruitful results。For example，Brazil is one of my country’s main sources of soybean imports，The cooperation between COFCO and Brazilian soybean suppliers on sustainable production and procurement provides guarantee for the security and stability of my country’s grain supply chain；Dubai, United Arab Emirates is an important global supply chain hub，China Jitu Express and other logistics companies have established overseas warehouses in Dubai，Actively build an international logistics distribution center。
Future，BRICS industrial chain and supply chain cooperation will continue to deepen，Working together to address global challenges，China is also working hard to build the China International Supply Chain Promotion Expo (hereinafter referred to as the "Chain Expo") as a platform to maintain the stable development of the global supply chain。Based on the successful holding of the first session，The second Chain Expo will also be held，The proportion of overseas exhibitors increased to 32%，Nearly 70 participating countries，Covers BRICS countries，will provide opportunities for countries around the world to participate in international cooperation in industrial and supply chains，will also contribute China’s strength to the sustainable development of the global supply chain industry chain。
(The authors are respectively the directors of the BRICS Research Center at the University of International Business and Economics、Professor；Ph.D., Institute of International Business Strategy, University of International Business and Economics)
Attachment: Original link https://www.chinatradenews.com.cn/epaper/content/2024-10/31/content_93086.htm
