BRICS News Digest for the previous week



BRICS News Digest for the previous week

We tell you what happened in the five countries during the week

Russia, China and India are working on an environmental project

Scientists from universities in Russia, India and China are working together on an initiative to restore soil fertility as part of the BRICS initiative

Scientists from universities in the three countries are focusing on using new technologies, such as creating biochar from food waste, to improve soil quality and fertility.

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Chinese President meets with South African Vice-President

Xi urged his African counterpart to continue close co-operation within the BRICS

President Xi Jinping and South African Vice President Paul Mashatile convened in Beijing on 6 November.

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Brazil seeks to increase trade with India

India’s relations with Brazil are growing exponentially, say experts

India, with the world’s second-largest agricultural gross domestic product (GDP) and the largest population on the planet, is Brazil’s main trading partner in Asia, but it accounts for only 2 per cent of Brazil’s exports and 3.3 per cent of imports.

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South Africa remains the preferred investment destination on the African continent

The African Continental Free Trade Area will open up opportunities for export markets

South Africa remains a preferred investment destination and an important gateway to markets in other countries across Africa, President Cyril Ramaphosa said.

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Cuba and Russia strengthen trade relations

The 39th International Fair (FIHAV 2023) kicked off in the Cuban capital

Opening the event, Cuban President Miguel Diaz-Canel emphasised that Russia’s presence at the event is a sign of the country’s growing interest in the Cuban market.

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Brazil’s Unemployment Rate falls

In the third quarter of this year, Brazil’s unemployment rate dropped to 7.7%

The unemployment rate in Brazil saw a significant decline in the third quarter of this year, dropping to 7.7%.

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BRICS trade volume has grown by 56 per cent over the past 5 years

Trade turnover reached $422bn

According to Bloomberg, trade between the five members of the BRICS bloc increased by 56 per cent to $422 billion between 2017 and 2022.

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