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Wang Yi: BRICS Cooperation Shows Strong Vitality

On June 19, 2017, the meeting of BRICS Ministers of Foreign Affairs was held at the Diaoyutai State Guesthouse in Beijing. Foreign Minister Wang Yi made the remarks at the opening ceremony and said that the BRICS cooperation mechanism has grown into a vigorous big tree.

Wang Yi pointed out that since the establishment of BRICS cooperation mechanism ten years ago, under the guidance of the five leaders and the joint nurturing and cultivation of the five countries, BRICS cooperation has grown out of nothing, from the shallower to the deeper, and grown into a vigorous big tree. Firstly, BRICS cooperation has greater importance, as the five countries' share in global economy has increased from 12 percent to 23 percent while they have contributed more than half of global growth. Trade and investment among the five countries have increased sharply, and voice of the BRICS has been significantly enhanced in major international finance institutions such as the World Bank and the International Monetary Fund. Secondly, BRICS cooperation becomes more mature, as cooperation among the five countries has been expanded from economy to all aspects such as political fields, people-to-people and cultural engagement and other areas. A cooperation framework featuring all-round aspects, broad areas and multiple levels has been formed. Thirdly, BRICS cooperation has greater effect, as it strengthens coordination within the international organizations such as the UN and G20, safeguarding the interests and unity of developing countries, contributing BRICS wisdom and proposing BRICS measures to cope with global challenges.

Wang Yi said that the key for BRICS cooperation working steadily with one step at a time and maintaining exuberant vitality is to uphold BRICS spirit featuring openness, inclusiveness, cooperation and win-win results. This year sees the opening year of the second decade of the BRICS, and China holds the BRICS rotating presidency. The country stands ready to work with all sides to shelter each other from wind and rain, embrace the future together, and usher in a new golden decade of BRICS countries, so as to take its responsibilities for world stability and prosperity, as well as for the health development of multilateralism.

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