Mao Xuhui (China), ’92 Paternalism, 1992 In 2003, high officials from Brazil, India, and South Africa met in Mexico to discuss their mutual interests in the trade of pharmaceutical drugs. India was and is one of the world’s largest producers of various drugs, including those used to treat HIV-AIDS; Brazil and South Africa were both […]
Low ratings, record sales and comedy quicksand + this day in history w/the Great New England Hurricane and our song of the day by St. Paul & The Broken Bones on your Morning Monarchy for September 21, 2018.
South Africa will host the BRICS Vaccine Research Centre
BRICS leaders say multilateralism is facing unprecedented challenges [PPIO]
South African President Cyril Ramaphosa in his media briefing wrapping up the progress of the Tenth BRICS Summit mentioned the defence of the multilateral trading system first, but also highlighted the importance of the BRICS outreach programme as South Africa had hosted 31 countries in addition to its BRICS partners.
BRICS is no longer in need of proving to the naysayers its sustainability and viability. The time has now come for it to expand its membership and reach among emerging markets.
South Africa today hosts the 10th BRICS Summit amid growing global trade tensions[PREUSS]
The world was in the grips of a growing financial crisis when Brazil, Russia, India and China first agreed to form an economic bloc in 2008.
“These actions are accompanied by growing disdain for multilateralism and global trade rules.”
Davies says US unilateral policies will disrupt global trade [Photo courtesy: DTI]
The South African Minister of Trade and Industry, Dr Rob Davies, told the BRICS Business Council meeting in Durban South Africa that the US was creating global economic turbulence by ignoring long standing world trade rules and imposing unilateral actions.
