Mon, 04 Jul 2022

Promoting Economic Recovery

37. We recognize the important role of BRICS countries working together to deal with risks and challenges to the world economy in achieving global recovery and sustainable development. We reaffirm our commitment to continuing to enhance macro-economic policy coordination, deepen economic practical cooperation, and work to realize strong, sustainable, balanced and inclusive post-COVID economic recovery. We emphasize the importance of continued implementation of the Strategy for BRICS Economic Partnership 2025 in all relevant ministerial tracks and working groups.

38. We recognize the dynamism of the digital economy in mitigating the impact of COVID-19 and enabling global economic recovery. We also recognize the positive role that trade and investment can play in promoting sustainable development, national and regional industrialization, the transition towards sustainable consumption and production patterns. We take note of China's hosting the "Buy BRICS" online promotion event and endorse the BRICS Digital Economy Partnership Framework, BRICS Initiative on Trade and Investment for Sustainable Development and BRICS Initiative on Enhancing Cooperation on Supply Chains. We recognize the challenges facing trade and investment development in the digital era and acknowledge that BRICS members are at different levels of digital development, and thus recognize the need to address respective challenges including the digital divide. We welcome the establishment of the Digital Economy Working Group by upgrading the E-commerce Working Group. We also agree to promote consumer protection in e-commerce by advancing the implementation of BRICS Framework for Consumer Protection in E-commerce. We reaffirm that openness, efficiency, stability, transparency, reliability and resilience of the global, regional and national production and supply chains are crucial in combating the COVID-19 pandemic, tackling economic recovery challenges and boosting international trade and investment. We encourage cooperation among BRICS countries to enhance the interconnectivity of supply chains and promote trade and investment flows. We agree to strengthen exchanges and cooperation in trade in services and engagement of BRICS national focal points, as established in the BRICS Framework for Cooperation on Trade in Services, with the BRICS Business Council with the aim to promote implementation of BRICS Trade in Services Cooperation Roadmap and relevant documents including the BRICS Framework for cooperation in Trade in Professional Services. We take note of the proposal of the Chair to establish the BRICS Trade in Services Network (BTSN) and will continue discussions.

39. We congratulate New Development Bank (NDB) on its relocation to its permanent headquarters building in Shanghai as well as the opening of NDB's regional office in India. We welcome the decisions on admission of four new members to the NDB and look forward to further membership expansion in a gradual and balanced manner in terms of geographic representation and comprising of both developed and developing countries, to enhance the NDB's international influence as well as the representation and voice of EMDCs in global governance. We support the NDB's goals of attaining the highest possible credit rating and institutional development. We appreciate the vital role of the NDB in addressing the impact of the pandemic and assisting in the economic recovery in member countries. We note the second General Strategy approved by the Board of Governors at its annual meeting and look forward to its smooth implementation. We encourage the Bank to follow the member-led and demand-driven principle, mobilize financing from diversified sources, enhance innovation and knowledge exchange, assist member countries in achieving sustainable development goals and further improve efficiency and effectiveness to fulfill its mandate, aiming to be a premier multilateral development institution.

40. We welcome the decision to establish the BRICS Think Tank Network for Finance. We expect it to work independently and provide intellectual support, as and when tasked, for knowledge sharing, exchange of experiences and practices and cooperation on finance issues amongst BRICS countries, aiming at addressing global challenges and serving the interests of the EMDCs.

41. We recognize the key role that infrastructure investment can play in facilitating sustainable development. We reaffirm our understanding that PPPs are an effective approach to leveraging the private sector to address infrastructure gaps, and scaling up infrastructure assets. We endorse the Technical Report on Public Private Partnerships for Sustainable Development. We welcome the exchange and sharing of good practices and experiences, and encourage further cooperation on infrastructure investment and PPPs. We look forward to resuming technical engagements with the NDB and the BRICS Task Force on PPP and Infrastructure on the Integrated Digital Platform on infrastructure investment projects and call for intensification of work in this area.

42. We acknowledge the importance of strengthening the Contingent Reserve Arrangement (CRA) mechanism, which contributes to strengthening the global financial safety net and complements existing international monetary and financial arrangements. We support the amendments to the CRA Treaty, and welcome the progress in amending other relevant CRA documents. We look forward to the finalization of the amendments which would enhance the flexibility and responsiveness of the CRA mechanism. We look forward to the successful completion of the fifth CRA test run later in 2022. We support the work to improve the framework for coordination between the CRA and the IMF. We welcome the progress in developing the BRICS Economic Bulletin 2022 as part of our streamlined CRA research program.

43. We underscore the importance of continued work under the existing work streams, including information security in the financial sector, and the BRICS Payments Task Force (BPTF) as a platform for exchanging experience and knowledge, and welcome the central banks' further cooperation on the payments track.

44. We commit to strengthening intra-BRICS cooperation to intensify the BRICS Partnership on New Industrial Revolution (PartNIR) and collectively create new opportunities for development. We encourage intra-BRICS cooperation in human resource development through BRICS Centre for Industrial Competences, BRICS PartNIR Innovation Centre (BPIC), BRICS Start-up Events and collaboration with other relevant BRICS mechanisms, to carry out training programmes to address challenges of NIR for inclusive and sustainable industrialization. We support the BRICS PartNIR projects to explore cooperation mechanisms with New Development Bank (NDB) and other financial institutions based on market-driven principles. We recognize the importance of BRICS Startup Events including BRICS Innovation Launchpad and BRICS Startup Forum Meeting, aimed to promote networking, interaction, mentorship among Startups in BRICS countries. We welcome the events hosted by the BPIC including the 4th BRICS Forum on PartNIR, the BRICS Industrial Innovation Contest 2022, and the BPIC training programme, which are aimed at translating the vision of PartNIR into real actions and benefits for all BRICS members. We welcome the BRICS Forum on Development of Industrial Internet and Digital Manufacturing, during which representatives from BRICS governments, industry and academia participated and discussed the development of digital manufacturing. We also welcome the release of the BRICS Initiative for Cooperation on Digitalization of Manufacturing.

45. We acknowledge the progress of BRICS cooperation on STI, including outcomes of BRICS STI Steering Committee, inter alia, on advancement of flagship projects initiative aiming to find effective STI solutions to global challenges. We encourage further work on proposals regarding the polycentric BRICS Technology Transfer Center Network, iBRICS Network, joint research projects including flagship projects, BRICS Young Scientist Forum and Young Innovation Prize.

46. We commend the progress of cooperation in the field of ICTs, including the adoption of the terms of reference of the Digital BRICS Task Force (DBTF) and the decision to hold the Digital BRICS Forum in 2022. We encourage the BRICS Institute of Future Networks and the DBTF to make suitable working plans at an early date, and carry out cooperation on R&D and application of new and emerging technologies. We look forward to a fruitful and productive meeting of BRICS Communication Ministers in July 2022. We support the coordination and interaction among the Digital Economy Working Group and the Working Group on ICT Cooperation, as well as the workstreams established within this track, namely the DBTF and the BIFN as practicable to avoid any duplication for advancing the BRICS digital economy in accordance with respective advantages, and within respective domestic legal frameworks.

47. We commend our Customs authorities for the Agreement Between the Governments of BRICS Countries on Cooperation and Mutual Administrative Assistance in Customs Matters, and the progress made in areas of mutual administrative assistance, capacity building and law enforcement cooperation. We recognize the importance of BRICS customs enforcement cooperation and will work together to further strengthen it. We support our Customs authorities in holding the BRICS Workshop on Customs Strategy and Capacity Building and the BRICS Workshop on Customs Enforcement Cooperation, for smart cooperation and smart practice sharing, as also for promoting partnership in customs under the theme of "Smart Cooperation for a High-quality Partnership among BRICS Customs".

48. We emphasize the fundamental role of energy security in achieving sustainable development goals. While recognizing that the energy transition of each country is unique according to national circumstances, we underscore the prime importance of securing universal access to affordable, reliable, sustainable and modern energy in line with Sustainable Development Goal 7. We welcome the BRICS Energy Report 2022, support joint research and technical cooperation within the BRICS Energy Research Cooperation Platform, and commend the holding of the BRICS Youth Energy Summit and other related activities.

49. We encourage the BRICS Interbank Cooperation Mechanism to continue playing an important role in supporting BRICS economic and trade cooperation, and appreciate the renewal of the Memorandum of Understanding between the Member Development Banks of BRICS Interbank Cooperation Mechanism and the New Development Bank. We welcome the seventh edition of the BRICS Economic Research Award to encourage and stimulate advanced doctoral research by nationals of the BRICS countries on topics of relevance to the BRICS nations.

50. We reiterate the commitments to promote employment for sustainable development, including to develop skills to ensure resilient recovery, gender-responsive employment and social protection policies including workers' rights. We welcome research by the BRICS Network of Labour Research Institutes on employment and income support in the context of COVID-19 crisis outlining impact of the pandemic, response measures and post-COVID-19 changes.

51. We recognize the crucial role that MSMEs play in the BRICS economies and reaffirm the importance of their participation in production networks and value chains. We agree to continue to deepen cooperation on competition amongst BRICS countries and create a fair competition market environment for international economic and trade cooperation. We agree to enhance exchanges and cooperation in the field of standardization and make full use of standards to advance sustainable development. We commit to strengthen cooperation and coordination in areas of tax information exchange, capacity building and innovation in tax administration, and create a signature knowledge product called "the Best Tax Practices from BRICS" to serve as reference for other developing countries. We support deepening IPR cooperation and promoting exchanges and mutual learning on IPR protection system, and look forward to more practical outcomes in such fields as patent, trademark, and industrial design. We support enhancing BRICS statistical cooperation and continuing to release the BRICS Joint Statistical Publication 2022.Expediting Implementation of the 2030 Agenda for Sustainable Development

52. We note with concern that the COVID-19 pandemic has disrupted efforts to achieve the 2030 Agenda for Sustainable Development and reversed years of progress on poverty, hunger, health care, education, climate change, access to clean water, and environmental protection. We reaffirm our commitment to the implementation of the 2030 Agenda in all its three dimensions - economic, social and environmental - in a balanced and integrated manner. We stress that the international community should attach more importance to development, revitalize global development partnerships and push for realization of all sustainable development goals by pooling the necessary resources to instill fresh momentum into implementing the 2030 Agenda. We urge donor countries to honour their Official Development Assistance (ODA) commitments and to facilitate capacity building and the transfer of technology along with additional development resources to developing countries, in line with the national policy objectives of recipients. We stress the importance of dialogue between the relevant development agencies from the BRICS countries.

53. We commemorate the 30th anniversary of the United Nations Framework Convention on Climate Change (UNFCCC) and call on all parties to adhere to the principle of common but differentiated responsibilities and respective capabilities, in the light of different national circumstances and in accordance with the institutional arrangement of nationally determined contributions, and to implement the UNFCCC and its Paris Agreement in an accurate, balanced and comprehensive way, based on existing consensus. We recall relevant provisions of the Paris Agreement, emphasizing that the Paris Agreement aims to strengthen global response to the threat of climate change in the context of sustainable development and efforts to eradicate poverty, and that peaking of Green House Gas (GHG) emissions will take longer for developing countries. We underline that the developed countries have historical responsibilities for global climate change, and should take the lead in scaling up mitigation actions and scale up indispensable support to developing countries on finance, technology and capacity-building. We express our support to the incoming Egyptian Presidency of COP27, working towards the success of COP27, and promote COP27 to prioritize implementation and highlight the reinforcement of adaptation and delivery and enhancement of developed countries' commitments to provide financial support and technology transfer to developing countries.

54. We oppose green trade barriers and reiterate our commitment to enhancing coordination on these issues. We underline that all measures taken to tackle climate change and bio-diversity loss must be designed, adopted and implemented in full conformity with the WTO agreements and must not constitute a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade and must not create unnecessary obstacles to international trade. We express our concern at any discriminatory measure that will distort international trade, risk new trade frictions and shift burden of addressing climate change to other trading partners, developing countries and BRICS members.

55. We acknowledge the positive outcomes of the first phase of the 15th Meeting of the Conference of the Parties to the Convention on Biological Diversity (COP15) and its Kunming Declaration. We welcome and support China's hosting of the second phase of COP15 and call on all parties to jointly adopt an ambitious, balanced and practical Post-2020 Global Biodiversity Framework.

56. As BRICS countries produce around 1/3 of the world's food, we stress our commitment to furthering agricultural cooperation and driving sustainable agricultural and rural development of BRICS countries aimed at safeguarding food security of BRICS countries and the world. We emphasize the strategic importance of agriculture inputs, including, inter alia, fertilizers, on ensuring global food security. We reiterate the importance of implementing the Action Plan 2021-2024 for Agricultural Cooperation of BRICS Countries, and welcome the Strategy on Food Security Cooperation of the BRICS Countries.

57. We take note that the breakthroughs in the applications of digital technologies, such as Big Data and Artificial Intelligence (AI) may play an important role towards sustainable development. We take note of the BRICS Forum on Big Data for Sustainable Development. We support information exchanges and technical cooperation on AI technology. We recall the declaration of the 7th BRICS Communications Ministers meeting recognizing the rapid developments and huge potential of Artificial Intelligence technologies and its value to economic growth. We acknowledge the need to cooperate with each other to build trust, confidence and security, as well as transparency and accountability in promoting trustworthy AI to maximize its potential for the benefit of society and humanity as whole with specific emphasis on marginalized and vulnerable groups of population. We express our concerns on the risk, and ethical dilemma related to Artificial Intelligence, such as privacy, manipulation, bias, human-robot interaction, employment, effects and singularity among others. We encourage BRICS members to work together to deal with such concerns, sharing best practices, conduct comparative study on the subject toward developing a common governance approach which would guide BRICS members on Ethical and responsible use of Artificial Intelligence while facilitating the development of AI.

58. We welcome the establishment of the BRICS Joint Committee on Space Cooperation in line with the Agreement on Cooperation on BRICS Remote Sensing Satellite Constellation and the convening of the first joint committee meeting. We are satisfied with the formulation of working procedures for data exchange and joint observation of the BRICS Remote Sensing Satellite Constellation and appreciate the commissioning of data sharing and exchange of the constellation. We encourage BRICS space authorities to continue to effectively utilize the capacity of the Constellation, and to widely promote application with data of the Constellation, aimed at facilitating the sustainable development of BRICS countries.

59. We commend the proposal to organize the BRICS High-level Forum on Sustainable Development. Taking it as an opportunity, we look forward to deepening cooperation on, inter alia, the fight against COVID-19, digital transformation, resilience and stability of industrial and supply chains and low-carbon development.

60. We reiterate the importance of exchanges and dialogues among BRICS disaster management authorities. We encourage cooperation in key areas including comprehensive disaster reduction capacity, disaster resilient infrastructure and emergency rescue and response, with a view to improving the global and regional disaster management response.

61. We express our support to the African Union Agenda 2063 and to Africa's efforts towards integration through the development of the African Continental Free Trade Area and other means. We stress the importance of issues including industrialization, infrastructure development, food security, health-care, and tackling climate change for the sustainable development of Africa. We support Africa in attaining economic recovery and sustainable development in the post pandemic era.Deepening People-to-People Exchanges

62. We reaffirm the importance of BRICS people-to-people exchanges in enhancing mutual understanding, friendship and cooperation amongst our nations and people. We appreciate the progress made under China's Chairship in 2022, including in the fields of governance, culture, education, sports, arts, films, media, youth and academic exchanges, and look forward to further exchanges and cooperation in these areas.

63. We appreciate the signing of the Action Plan for the Implementation of the Agreement between the Governments of the BRICS States on cooperation in the Field of Culture (2022-2026), encourage the BRICS countries to promote the development of digitalization in the field of culture, continue to deepen cooperation in the fields of, inter alia, arts and culture, cultural heritage, cultural industry and cultural alliances under the framework of the action plan, and establish a cultural partnership featuring inclusiveness and mutual learning.

64. We acknowledge the urgent need for tourism industry recovery and the importance of increasing mutual tourist flows and will work towards further strengthening the BRICS Alliance for Green Tourism to promote measures, which can shape a more resilient, sustainable and inclusive tourism sector.

65. We appreciate the progress on education and Technical and Vocational Education and Training (TVET) cooperation, especially the establishment of the BRICS TVET Cooperation Alliance which focuses on strengthening communication and dialogue in TVET, promoting substantial cooperation in TVET, integrating TVET with industry, enhancing research collaboration and supporting recognition of TVET standards. Also, the launch of the BRICS Skills Competition will strengthen exchanges and cooperation among the nations. We support the digital transformation in education and TVET space, and commit to ensure education accessibility and equity, and promote the development of quality education. We reiterate the importance of digitalization in education and development of a sustainable education by strengthening the cooperation within BRICS Network University and BRICS University League.

66. We commend the successful holding of the BRICS Business Forum and welcome the Beijing Initiative of BRICS Business community. We encourage the BRICS Business Council to strengthen cooperation, including in the fields of agri-business, aviation, deregulation, digital economy, energy and green economy, financial services, infrastructure, manufacturing, and skills development. We appreciate contributions and activities of the BRICS Women's Business Alliance (WBA) to deepening BRICS economic and trade cooperation. We welcome the holding of the second BRICS Women's Innovation Contest by the BRICS Women's Business Alliance towards empowering women's innovation and entrepreneurship.

67. We commend the progress in sports exchanges and the role it plays in the development of our athletes in a fair, inclusive and non-discriminatory fashion. We look forward to the successful holding of BRICS Sports Ministers Meeting in 2022.

68. We appreciate the holding of the fora pertaining to political parties, think tanks, and civil society organizations. We also acknowledge the proposal for institutionalization of the BRICS Civil Society Organizations Forum.

69. We support the convening of the fifth BRICS Media Forum and the continuation of the BRICS International Journalism Training Program within the framework of the Forum.

70. We look forward to the BRICS Youth Summit, support youth development as a priority and encourage strengthened exchanges among BRICS youth. We welcome the BRICS Film Festival in Shanghai and look forward to enhancing exchanges and cooperation in the field of film. We commend the progress made by BRICS countries in promoting urban development, and appreciate the contribution of mechanisms including BRICS Urbanization Forum, BRICS Friendship Cities and Local Governments Cooperation Forum and BRICS International Municipal Forum to facilitating the building of more friendship city relations among BRICS countries and promoting the implementation of the 2030 Agenda for Sustainable Development.Institutional Development

71. We note with satisfaction the progress made in BRICS institutional development and stress that BRICS cooperation needs to embrace changes and keep abreast with the times. We shall continue to set clear priorities in our wide-ranging cooperation, on the basis of consensus, and make our strategic partnership more efficient, practical and results-oriented.

72. We emphasize the BRICS efforts of extending its cooperation to other EMDCs and support further promoting the BRICS Outreach and BRICS Plus Cooperation in line with the updated Terms of Reference adopted by the BRICS Sherpas in 2021 through inclusive and equal-footed and flexible practices and initiatives. We commend China's Chairship for hosting the Dialogue session under the theme 'Increased Role of Emerging Markets and Developing Countries in Global Governance' during the Meeting of BRICS Ministers of Foreign Affairs/International Relations on 19 May 2022.

73. We support promoting discussions among BRICS members on BRICS expansion process. We stress the need to clarify the guiding principles, standards, criteria and procedures for this expansion process through Sherpas' channel on the basis of full consultation and consensus.

74. South Africa, Brazil, Russia and India commend China's BRICS Chairship in 2022 and express their gratitude to the government and people of China for holding the XIV BRICS Summit.

75. Brazil, Russia, India and China extend full support to South Africa for its BRICS Chairship in 2023 and the holding of the XV BRICS Summit.

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