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.
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.
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.
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.
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.
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%.
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.