President Xi Jinping and Cyril Ramaphosa (South Africa), Jair Bolsonaro (Brazil), Vladimir Putin (Russia) and Narendra Modi (India) analyzed the bloc’s progress since its foundation in 2009 and the prospects for giving it more weight in an increasingly complex world context.

The meeting was held via video link and is expected to enable the group to consolidate itself as a constructive and positive force in order to inject more stability into the international relations.

Since China assumed the temporary presidency of BRICS in January, it has held more than 70 ministerial meetings on issues such as security, agriculture, finance and trade.

All these meetings ended with important consensuses to expand cooperation among the five partners in the areas analyzed and, above all, to protect multilateralism together in the face of the eagerness by some powers to cling to hegemony and unilateralism.

Prior to Thursday’s summit, a business forum was held on Wednesday and Xi Jinping invited to increase businesses and foreign investments in China, assuring that the country is committed to open more the doors of its market.

BRICS is an economic-trade association that brings together the five major emerging economies (Brazil, Russia, India, China and South Africa) globally, and shares the common characteristics of having a large population, a vast territory and a significant amount of natural resources.

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