Release of the BRICS Business Community Beijing Initiative


2022-06-23: [Article Link]  The rule of law daily, all media reporter, Zhangwei. The BRICS Business Forum 2022 was held in Beijing on 22 June, underline, with representatives from the business community of five countries, Brazil, Russia, India, China and South Africa, engaged in an extensive and in-depth exchange on the theme “Deepening the BRICS Business Partnership for a Better Future for Global Development” and co-published the BRIC Business Enterprise Beijing Initiative (hereinafter referred to as the Initiative). The Initiative notes that emerging economies and developing countries are important drivers of global economic recovery, supporting comprehensive, close, pragmatic and inclusive cooperation, and is ready to contribute actively to business efforts to that end. The Initiative proposes a united response to the challenge of expanding health and health cooperation in the context of the epidemic, ensuring that all peoples, especially those in developing countries, have access to safe, effective, accessible and affordable diagnostic tools, medicines, vaccines and critical medical supplies, ensuring the equitable distribution of vaccines, accelerating vaccination and bridging the global “immunisation divide”. Cooperation between BRICS countries in the areas of detection methods, treatment, research and development, vaccine production and mutual recognition, research on vaccine safety and effectiveness for new variants of the Covid-19 virus, mutual recognition of the Covid-19 vaccination and testing certificates (especially for international travel), knowledge-sharing on traditional medicine continues to be strengthened. The Initiative calls for an open-minded approach to the recovery of the world economy by supporting an open, transparent, equitable, inclusive, non-discriminatory, rules-based multilateral trading system, granting special and differential treatment to developing countries, ensuring a level playing field and avoiding actions that run counter to WTO rules, such as unilateralism and protectionism. The BRICS countries are called upon to strengthen communication and cooperation in the World Trade Organization and to support the necessary reforms in the World Trade Organization, to enhance cooperation in trade and investment facilitation, to enhance transparency in their respective business environments, and to deepen exchanges and cooperation in e-commerce, intellectual property rights, trade in services, MSMEs, economic technology, etc. The Initiative calls for increased mutual trust, enhanced cooperation and accurate, balanced and full implementation of the United Nations Framework Convention on Climate Change and its Paris Agreement, in accordance with institutional arrangements for national ownership of contributions. Urge countries to design, adopt and implement measures to address climate change, as called for by the World Trade Organization, to prevent arbitrary or unjustified discrimination and disguised restrictions on international trade. The Initiative proposes a partnership for a new industrial revolution in the BRICS countries that embraces the digital economy. The BRICS countries strengthen policy communication and dialogue between the political and business communities, and promote digitalization, intellectual development, upgrading and upgrading of traditional industries and the transformation of manufacturing industries. The Initiative proposes enhanced coordination and cooperation to enhance the resilience of industrial chain supply chains. BRICS countries are committed to maintaining open, resilient, transparent, stable and trusted global and regional supply chains, emphasizing the important role of SMEs in the supply chain of industrial chains, and strengthening investment cooperation to enhance supply chain stability, diversity and resilience, including economic, trade and supply chain cooperation to facilitate supply chain operations among BRICS countries.


Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.



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Release of the BRICS Business Community Beijing Initiative


2022-06-23: [Article Link]  The rule of law daily, all media reporter, Zhangwei. The BRICS Business Forum 2022 was held in Beijing on 22 June, underline, with representatives from the business community of five countries, Brazil, Russia, India, China and South Africa, engaged in an extensive and in-depth exchange on the theme “Deepening the BRICS Business Partnership for a Better Future for Global Development” and co-published the BRIC Business Enterprise Beijing Initiative (hereinafter referred to as the Initiative). The Initiative notes that emerging economies and developing countries are important drivers of global economic recovery, supporting comprehensive, close, pragmatic and inclusive cooperation, and is ready to contribute actively to business efforts to that end. The Initiative proposes a united response to the challenge of expanding health and health cooperation in the context of the epidemic, ensuring that all peoples, especially those in developing countries, have access to safe, effective, accessible and affordable diagnostic tools, medicines, vaccines and critical medical supplies, ensuring the equitable distribution of vaccines, accelerating vaccination and bridging the global “immunisation divide”. Cooperation between BRICS countries in the areas of detection methods, treatment, research and development, vaccine production and mutual recognition, research on vaccine safety and effectiveness for new variants of the Covid-19 virus, mutual recognition of the Covid-19 vaccination and testing certificates (especially for international travel), knowledge-sharing on traditional medicine continues to be strengthened. The Initiative calls for an open-minded approach to the recovery of the world economy by supporting an open, transparent, equitable, inclusive, non-discriminatory, rules-based multilateral trading system, granting special and differential treatment to developing countries, ensuring a level playing field and avoiding actions that run counter to WTO rules, such as unilateralism and protectionism. The BRICS countries are called upon to strengthen communication and cooperation in the World Trade Organization and to support the necessary reforms in the World Trade Organization, to enhance cooperation in trade and investment facilitation, to enhance transparency in their respective business environments, and to deepen exchanges and cooperation in e-commerce, intellectual property rights, trade in services, MSMEs, economic technology, etc. The Initiative calls for increased mutual trust, enhanced cooperation and accurate, balanced and full implementation of the United Nations Framework Convention on Climate Change and its Paris Agreement, in accordance with institutional arrangements for national ownership of contributions. Urge countries to design, adopt and implement measures to address climate change, as called for by the World Trade Organization, to prevent arbitrary or unjustified discrimination and disguised restrictions on international trade. The Initiative proposes a partnership for a new industrial revolution in the BRICS countries that embraces the digital economy. The BRICS countries strengthen policy communication and dialogue between the political and business communities, and promote digitalization, intellectual development, upgrading and upgrading of traditional industries and the transformation of manufacturing industries. The Initiative proposes enhanced coordination and cooperation to enhance the resilience of industrial chain supply chains. BRICS countries are committed to maintaining open, resilient, transparent, stable and trusted global and regional supply chains, emphasizing the important role of SMEs in the supply chain of industrial chains, and strengthening investment cooperation to enhance supply chain stability, diversity and resilience, including economic, trade and supply chain cooperation to facilitate supply chain operations among BRICS countries.

Note: This is a translated version of the Chinese news media article. A mature and nuanced reading is suggested.

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