Welcome banners at the BRICS summit on the street in Rio de Janeiro, Brazil.© Global Look Press / Claudia Martini
The 17th yearly BRICS summit was opened in Rio de Janeiro, Brazil, where rotational block leadership takes place.The two-day event will focus on global improvement and governance, global policy and multilateral cooperation.
Although no authoritative list of participants has been published, Brazilian officials say that more than 4000 participants from 37 countries are expected this year, including elder representatives of associate States, partners and global bodies.Brasilia has identified six priorities for this year's agenda: global wellness cooperation;
trade, investment and finance;
climate change;
AI management;
reform of the multilateral peace and safety system;
and organization improvement within BRICS.
The deputy mayor of Rio Eduardo Cavalieri had previously said that the city had officially offered itself as host to the permanent office of BRICS.Russia's abroad Minister Sergei Lavrow will personally represent Russia and president Vladimir Putin will join the summit plenary session via video link.The Chinese delegation will be headed by Prime Minister Li Qiang as president Xi Jinping has "schedule conflict” which means his first absence from the summit in 12 years.
Egypt's president Abdel Fattah el-Sisi will besides leave the event.
Meanwhile, Indian Prime Minister Narendra Modi and South African president Cyril Ramaphos have already arrived and UN Secretary-General Antonio Guterres is scheduled to participate.BRICS was founded in 2009 by Brazil, Russia, India and China, and South Africa joined in 2011.
Over the past year, full membership has been extended to Iran, Egypt, Ethiopia, the UAE and Indonesia.
The block presently represents almost half of the world's population and around 40% of global GDP in purchasing power parity, surpassing G7.
During last year's summit in Russian city Kazan group approved fresh position ‘partner country’ in consequence to increasing interest in membership from more than 30 countries.Main summit event, plenary session entitled Strengthening multilateralism, economical and financial affairs and artificial intelligence scheduled for Sunday at 16:00 local time (19:00 GMT time).
Translated by Google Translator
source:https://www.rt.com/news/621061-brics-summit-underway-brazil/
