BRICS AT TEN: CHALLENGES, ACHIEVEMENTS AND PROSPECTS
January 15, 2020, 11:30 – 13:30, Building 1, Floor 2, Conference Hall
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Ten years have passed since the BRICS first summit. The BRICS has consolidated as a global governance institution and a platform for coordination and cooperation between its member states. The members have established a broad agenda, including more than 20 areas, from regional security, trade, development and energy issues to culture, tourism and sports. The BRICS leaders agreed more than six hundred specific commitments and set up more than fifty cooperation mechanisms, including the New Development Bank and the Contingent Reserve Arrangement. Russia initiated the creation of the BRICS and held two successful summits which served as a solid foundation for cooperation in subsequent institutional cycles. The BRICS has become an important partnership for promoting the Five (members) common positions on key geopolitical and strategic stability issues, as well as Russia’s initiatives within international platforms. Russia’s BRICS presidency in 2020 will rest on the foundation built by the Five over the years of joint work. However, cooperation environment has changed. Will the second BRICS decade become “the second golden decade of cooperation and solidarity”? It depends on many factors.
Issues for Discussion
Priorities for a new collaboration cycle on key issues of the BRICS agenda (macroeconomics, reform of the international financial system, infrastructure financing, international trade, climate and energy, digital economy);
Institutionalization and opportunities to improve the effectiveness of existing coordination mechanisms;
Facilitation of BRICS cooperation with international institutions, strengthening coordination between the five countries in international platforms, the BRICS role in the system of international institutions and global governance;
Development of common approaches with partners within the BRICS+ framework;
The outcomes of Brazil’s 2019 presidency, priorities of Russia’s third presidency, BRICS role in implementing the Five partner countries’ foreign policy and strategic development objectives.
Director of the Center for BRICS Studies, Fudan University
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Ten years have passed since the BRICS first summit. The BRICS has consolidated as a global governance institution and a platform for coordination and cooperation between its member states. The members have established a broad agenda, including more than 20 areas, from regional security, trade, development and energy issues to culture, tourism and sports. The BRICS leaders agreed more than six hundred specific commitments and set up more than fifty cooperation mechanisms, including the New Development Bank and the Contingent Reserve Arrangement. Russia initiated the creation of the BRICS and held two successful summits which served as a solid foundation for cooperation in subsequent institutional cycles. The BRICS has become an important partnership for promoting the Five (members) common positions on key geopolitical and strategic stability issues, as well as Russia’s initiatives within international platforms. Russia’s BRICS presidency in 2020 will rest on the foundation built by the Five over the years of joint work. However, cooperation environment has changed. Will the second BRICS decade become “the second golden decade of cooperation and solidarity”? It depends on many factors.
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<li>Priorities for a new collaboration cycle on key issues of the BRICS agenda (macroeconomics, reform of the international financial system, infrastructure financing, international trade, climate and energy, digital economy);</li>
<li>Institutionalization and opportunities to improve the effectiveness of existing coordination mechanisms;</li>
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Institutionalization and opportunities to improve the effectiveness of existing coordination mechanisms;
Facilitation of BRICS cooperation with international institutions, strengthening coordination between the five countries in international platforms, the BRICS role in the system of international institutions and global governance;
Development of common approaches with partners within the BRICS+ framework;
The outcomes of Brazil’s 2019 presidency, priorities of Russia’s third presidency, BRICS role in implementing the Five partner countries’ foreign policy and strategic development objectives.
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<li>Priorities for a new collaboration cycle on key issues of the BRICS agenda (macroeconomics, reform of the international financial system, infrastructure financing, international trade, climate and energy, digital economy);</li>
<li>Institutionalization and opportunities to improve the effectiveness of existing coordination mechanisms;</li>
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Institutionalization and opportunities to improve the effectiveness of existing coordination mechanisms;
Facilitation of BRICS cooperation with international institutions, strengthening coordination between the five countries in international platforms, the BRICS role in the system of international institutions and global governance;
Development of common approaches with partners within the BRICS+ framework;
The outcomes of Brazil’s 2019 presidency, priorities of Russia’s third presidency, BRICS role in implementing the Five partner countries’ foreign policy and strategic development objectives.
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Priorities for a new collaboration cycle on key issues of the BRICS agenda (macroeconomics, reform of the international financial system, infrastructure financing, international trade, climate and energy, digital economy);
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Facilitation of BRICS cooperation with international institutions, strengthening coordination between the five countries in international platforms, the BRICS role in the system of international institutions and global governance;
Development of common approaches with partners within the BRICS+ framework;
The outcomes of Brazil’s 2019 presidency, priorities of Russia’s third presidency, BRICS role in implementing the Five partner countries’ foreign policy and strategic development objectives.
Ten years have passed since the BRICS first summit. The BRICS has consolidated as a global governance institution and a platform for coordination and cooperation between its member states. The members have established a broad agenda, including more than 20 areas, from regional security, trade, development and energy issues to culture, tourism and sports. The BRICS leaders agreed more than six hundred specific commitments and set up more than fifty cooperation mechanisms, including the New Development Bank and the Contingent Reserve Arrangement. Russia initiated the creation of the BRICS and held two successful summits which served as a solid foundation for cooperation in subsequent institutional cycles. The BRICS has become an important partnership for promoting the Five (members) common positions on key geopolitical and strategic stability issues, as well as Russia’s initiatives within international platforms. Russia’s BRICS presidency in 2020 will rest on the foundation built by the Five over the years of joint work. However, cooperation environment has changed. Will the second BRICS decade become “the second golden decade of cooperation and solidarity”? It depends on many factors.
Andrey Bokarev