28 March 2013, 09:58

Important BRICS agreements signed in Durban

Дилма Русеф Владимир Путин Джейкоб Зума Си Цзиньпин саммит БРИКС Дурбан

A number of important documents have been signed during the BRICS summit in South Africa’s Durban. The leaders of Brazil, Russia, India, China and South Africa agreed to set up the BRICS Business Council and expert centers.

Agreements were reached on financial and economic issues, information security, joint anti-drug efforts, and youth and educational exchanges

Russian President Vladimir Putin held talks with his Egyptian counterpart Mohamed Morsi on the sidelines of the summit. Both vowed to strengthen bilateral ties. 

BRICS ‘long-term cooperation vehicle’ – Putin

Russia proposes a programme of long-term economic cooperation within the BRICS group, which brings it together with Brazil, India, China and South Africa.

President Vladimir Putin spoke about this for the media after emerging from the fifth BRICS summit in Durban on Wednesday.

The summit approved proposals to expand student exchanges, join forces for dealing with illegal drug trade, cooperate in cybersecurity  and look into initiatives to establish a joint development bank.

The next BRICS summit will sit in Brazil in 2014.

BRICS summit can reverse negative market trends – Putin 

Russia’s President Vladimir Putin hopes that agreements and resolutions adopted at the BRICS summit could possible reverse negative market trends, a Voice of Russia correspondent reports from South Africa’s Durban that hosts the summit.

 This mainly concerns green economy initiatives and infrastructure projects in Africa, Putin said.

The BRICS countries are also to decide on creating a joint development bank aimed at providing funds and loans for BRICS projects.

The ministers haven’t so far agreed on the issue.

Voice of Russia

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