President Xi proposes initiatives on 'greater BRICS' cooperation

Chinese President Xi Jinping on Sunday proposed five initiatives on "greater BRICS" cooperation in areas of AI, trade and investment facilitation, digital industry, smart manufacturing and talent development.

Xi made the proposals while attending Session II of the 18th BRICS Summit in New Delhi.

Xi pointed out that this meeting is held at a time when changes unseen in a century are accelerating across the world.

The Global South, with its collective rise, has become a key driver of world multipolarity.

At the same time, the international landscape is volatile and fraught with risks and challenges, Xi noted.

In a bid to bring stability to the world and make it a better place, BRICS countries must seize the historical initiative, rally the Global South, be an active, stabilizing and positive force in international affairs and advance the well-being of all humanity, he said.

Xi stressed that Global South countries should jointly defend the rule of law in international affairs, safeguard the basic norms of international relations including sovereign equality, noninterference in internal affairs and the peaceful settlement of disputes, and ensure that international law and international rules are applied to all, free from double standards.

He called on Global South countries to hold high the banner of multilateralism, uphold the authority and role of the United Nations, support multilateral institutions in advancing reform and increasing efficiency, and see to it that reform of the World Trade Organization proceeds in the right direction.

The international financial architecture must be reformed and improved to increase the representation and voice of developing countries, said Xi, adding that Global South countries should stay committed to a people-centered development philosophy and strive to deliver on the 2030 Agenda for Sustainable Development.

He also called for jointly advancing security governance, tackling both traditional and nontraditional threats, improving global climate governance and working faster to evolve a consensus-based global AI governance framework, so that new technologies can light the way toward shared prosperity.

To accomplish great things and achieve major progress, the foundation of greater BRICS cooperation must be cemented, Xi said, urging BRICS to leverage close ties with fellow emerging markets and Global South countries, uphold open cooperation for mutual benefit, safeguard stable and smooth industrial and supply chains, foster a larger integrated market, build incubators for innovation, upgrade traditional industries, develop emerging industries and deploy future industries.

Five initiatives on 'greater BRICS' cooperation Xi put forward five initiatives for deepening BRICS cooperation.