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New Delhi: The BRICS should leverage its close ties with emerging markets and the Global South to safeguard supply chains and build a large integrated market, Chinese President Xi Jinping said on Sunday as he proposed a five-point initiative to boost cooperation in manufacturing, trade and technology.<\/p>\n
In his address at the concluding session of the BRICS Summit, Xi said the Global South should jointly \u201cdefend\u201d the rule of law in international affairs, safeguard the basic norms of global relations including sovereign equality, non-interference in internal affairs, and work towards peaceful settlement of disputes\u201d in line with international law.<\/p>\n
The Chinese President called upon the leaders of the BRICS to work towards writing a \u201cnew chapter of strength through unity for the Global South\u201d, asserting that the logic that \u201cmight makes right\u201d should have been discarded long ago.<\/p>\n
\u201cA world without rules is like a crossroads without traffic lights, where chaos and disorder are all but guaranteed. Fairness and justice is a universal aspiration, and international rules must be written by all countries,\u201d he said.<\/p>\n
“We must work to ensure that international rules are applied to all,” he said.<\/p>\n
In this context, Xi underlined the need to shun \u201cdouble standards\u201d, remarks seen as directed at the Western powers with whom India under Narendra Modi government is aligned. \u201cAll countries, regardless of their size, strength or wealth, are equal members of the international community,\u201d Xi said.<\/p>\n
He also delved into the challenges facing the developing nations in view of the geopolitical upheavals.<\/p>\n
\u201cWe meet 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,\u201d he said.<\/p>\n
At the same time, Xi said the international landscape is \u201cvolatile and fraught with risks and challenges\u201d.<\/p>\n
\u201cTo 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, stabilising and positive force in international affairs, and advance the well-being of all humanity,\u201d he said.<\/p>\n
Xi said Global South countries should \u201chold high the banner of multilateralism\u201d, uphold the authority and role of the United Nations, support multilateral institutions in advancing reform and increasing efficiency, he said. He also called for reform of the international financial architecture to increase the representation of developing countries.<\/p>\n
Xi\u2019s five-point initiative to enhance BRICS cooperation focuses on establishing an inclusive artificial intelligence framework, facilitating trade and investment, deepening digital industry ties, advancing \u201cintelligent manufacturing,\u201d and launching a joint science and technology development initiative.<\/p>\n
On the trade and investment facilitation initiative, Xi said China proposes to establish a BRICS special economic zone partnership, under which countries can set up an intelligent portal, coordinate policies, and build a new frontier for open development.<\/p>\n
The third initiative, he said, will be in the domain of the digital industry.<\/p>\n
\u201cChina will push for establishing a BRICS digital ecosystem cloud platform, and conduct digital skills training, technological exchange and industrial alignment, so as to jointly enable the development of the digital economy,\u201d he said.<\/p>\n
The fourth one, Xi said, is to have expanded cooperation in the \u201cintelligent manufacturing\u201d.<\/p>\n
The fifth initiative will be in the science and technology domain.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi: The BRICS should leverage its close ties with emerging markets and the Global South to safeguard supply chains and build a large integrated market, Chinese President Xi Jinping said on Sunday as he proposed a five-point initiative to boost cooperation in manufacturing, trade and technology. In his address at the concluding session of …<\/p>\n","protected":false},"author":7,"featured_media":210643,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-210642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-india"],"yoast_head":"\n