MIL-OSI Russia: Review: BRICS Cooperation Space Constantly Expands – SPIEF Participants

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

St. Petersburg, June 18 (Xinhua) — The cooperation space between the BRICS countries is constantly expanding, especially after the expansion of the association began in 2024. This was stated on Wednesday by participants of the St. Petersburg International Economic Forum (SPIEF) at the session “BRICS and Partners: Creating a Joint Business Future.”

Director of the Beijing-Moscow International Trade and Economic Center Ma Shuang noted that China has a long-term strategy for building relations with the BRICS countries. Among the areas that have the greatest potential for joint investment and opening up new markets, she named information technology and the Internet.

Vice President of the India-South Africa Chamber of Commerce Lebohan Zulu stressed that the main barrier to increasing cooperation among BRICS countries is the legacy of the unipolar world system, which is expressed in the dominance of one currency in the world market, and the insufficient development of international transport and logistics networks. In her opinion, work in these areas, as well as the development of e-commerce platforms, can open up a huge number of prospects and opportunities for BRICS members and partners.

According to Anna Nesterova, Chairperson of the Board of Directors of Global Rus Trade and Chairperson of the Russian Part of the BRICS Women’s Business Alliance, the expansion of the association has demonstrated broad interest in it among countries around the world. She believes that education and the involvement of more and more women in entrepreneurial activity are relevant areas for the development of cooperation in BRICS. –0–

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