USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

BRICS trade ministers attend Shanghai meeting

Xinhua | Updated: 2017-08-02 09:52

SHANGHAI - Trade ministers of BRICS nations are discussing trade facilitation, economic and technological cooperation, capacity building and the multilateral trade system at their annual meeting in Shanghai, according to China's minister of commerce.

Zhong Shan, also chairman of the seventh meeting of trade ministers of Brazil, Russia, India, China and South Africa, made the remarks at the opening ceremony of the two-day event which started Tuesday in Shanghai.

BRICS countries have created a new paradigm for mutual benefit among emerging and developing countries since the mechanism was established in 2006.

Contributing nearly one-quarter of global economic output and half of world economic growth, BRICS nations play an increasingly significant role in driving the global economy and governance.

Amid uncertainties in the global economic recovery, Zhong called on BRICS nations to expand cooperation and explore new impetus.

"Safeguarding the multilateral trade system and the rise against protectionism serve the common interests of emerging and developing economies," Zhong said. "As the host nation of this year's meeting, China has confidence in implementing the consensus reached by leaders of BRICS nations. The Shanghai meeting will pave way for the leaders' summit later this year."

China, which took over the BRICS presidency this year, will host the Ninth BRICS Summit in September in Xiamen, Southeast China's Fujian province.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US