July 7, 2017
11:15
Hamburg
Informal meeting of BRICS heads of state
and government. Photo: RIA Novosti
Before the start of the G20 Summit
in Hamburg, an informal meeting took place between the heads
of state and government of the BRICS countries (Brazil,
Russia, India, China and South Africa).
Following the meeting, the BRICS leaders
issued a joint press communique.
July 7, 2017
We, the BRICS Leaders, met
on the margins of the G20 Summit in Hamburg, Germany
on 7 July 2017.
We recognize that global economic growth is gathering
pace, though the downside risks persist. BRICS countries and other
Emerging Markets and Developing Countries (EMDCs) continue to be
the main engine of global growth. Facing uncertainties
in the world economy, major economies should enhance macroeconomic
policy coordination and avoid negative spillovers to emerging market
economies.
We affirm our support to the G20 German
Presidency for a successful hosting of the Hamburg G20
Summit. We resolve to use all policy tools – fiscal, monetary
and structural – to enhance resilience and potentials
of emerging markets, and foster strong, sustainable, balanced
and inclusive growth.
We stress the importance of upholding
a more inclusive, balanced, and open world economy, creating
an enabling environment for the development of EMDCs,
encouraging human resource development and increasing people-to-people
links, so that the benefits of globalization can be shared equally
by all countries and peoples.
We firmly support a rules-based, transparent,
non-discriminatory, open and inclusive multilateral trading system,
implementation and enforcement of existing WTO rules
and commitments and oppose protectionism. We will strive
to improve the current framework and functioning of the multilateral
trading system. We call for the acceleration
of the implementation of the Bali and Nairobi MCM
outcomes and for the WTO Ministerial Conference to be held
this year in Argentina to produce positive outcomes.
In order to support global economic growth
and make our financial systems more resilient to any potential
systemic crises, we are committed to making global financial architecture
more effective and reflective of the current global economic
landscape. In this regard, we stress the importance
of increasing the voice and representation of EMDCs
in global economic and financial institutions,
and of the completion of the new round of reforms
of the IMF and the World Bank as scheduled. We welcome
the contribution of the New Development Bank and the Contingent
Reserve Arrangement to international financial stability
and sustainable development.
We commit ourselves and call upon
the international community to make further efforts
in implementing the 2030 Agenda for Sustainable Development
and attaining its Goals in a timely manner with an equal
and balanced emphasis on its economic, social and environmental
dimensions. Education and research are important in reaching
the SDGs. We believe education improves global economic environment
and promotes innovation and adoption of technologies,
accelerates job creation and moves economies towards more diversified
and value adding industries.
We urge developed countries to honor their
Official Development Assistance commitments and help developing countries
improve their development capabilities and achieve the SDGs
by 2030.
We recognize the importance of research
and technology collaboration in stimulating world economic growth
and encourage the contributions of research initiatives
to the development of economic sector. Promotion
of innovation is important for sustainable growth and provides
a strong and sustainable contribution to the world economy.
We emphasize the importance of implementing the G20 commitments
in this regard.
We call upon the international community
to jointly work towards implementation of the Paris Agreement
on Climate Change according to the principles
of the United Nations Framework Convention on Climate Change
(UNFCCC), including the principles of equity and common but
differentiated responsibilities and respective capabilities,
in the light of different national circumstances,
and to fulfill commitments to provide financial
and technical support to developing countries in meeting their
climate challenges.
We commit to take stock of our cooperation
experiences and to build upon existing agreements, including
the Strategy for BRICS Economic Partnership, and look forward
to further enhancing BRICS strategic partnership in all priority
areas of cooperation.
We express appreciation and voice full support
for China’s BRICS Chairmanship. We look forward to a successful
hosting of 9th BRICS Summit in Xiamen under
the theme of ”Stronger Partnership for a Brighter Future“.
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