BRICS 2017 Coordination on Trade Developments

By September 8, 2017 No Comments

BRICS 2017 Coordination on Trade Developments

Brazil, Russia, India, China and South Africa gathered this week during The 9th Brics Summit held in Xiamen, China to discuss economic cooperation, trade, technology, sustainable development, terrorism and several other topics.

4 major acts were signed during the meeting:

-Brics Action Plan for Cooperation in Innovation (2017-2020);

-Brics Action Plan for Economic and Trade Cooperation;

-Understanding Memorandum between Brics Administrative Council and The New Development Bank on Strategic Cooperation;

-Brics Strategy for Customs Cooperation;


The Presidents in attendance highlighted the importance of enhancing economic development among their countries and envision to achieve this with high prospects


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