When the leaders of Brazil, Russia, India, China and South Africa (BRICS) meet in the picturesque city of Xiamen in September for their 9th summit, they will be tested to take the five-member global grouping through its current mild internal strains and improve its influence and image on the world stage.
It's undeniable that BRICS is now a macro mover in the global economy as it, collectively, controlled over 23 percent of world trade in 2016. It has also almost double its share from a decade ago, becoming the source of over half of all global trade today.
It is therefore imperative for means and methods to be found in Xiamen for BRICS to better help the world’s smaller nations, namely by allowing them to benefit more from the group's global standing.
The decisive influence of the BRICS in the new Asian international infrastructure skyline and the huge possibilities opened-up by China’s multinational Silk Road initiative will link dozens of nations across three continents in a big and bold new push towards better international trade across borders, skies and seas.
The benefits of small size tend to elude big thinkers tasked with designing mega projects to benefit multiple nations and peoples in different ways across the world. But none can deny that the needs of smaller nations are easier to meet – and results much faster to accomplish.
The BRICS planners will urge the leaders to implement the bigger collaborative projects associated with earlier calls to advance structural reforms, grow innovation and coordinate macro-economic policy, to strengthen its competitiveness and bring vitality into global growth and cooperation.
But above all, the BRICS leaders will also face in Xiamen some more urgent, immediate tasks that will, by all means, have to be resolved before the summit ends. (Source: China.org.cn)
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