Quotes from the 5th BRICS Summit in Durban

Remarks by President Jacob Zuma on the occasion of receiving the Peoples Republic of China Premier Xi Jinping:

 “We view China’s success as a source of hope and inspiration as we engage with the task of finding our own solutions for bringing about a better future”

“China is South Africa’s biggest trading partner and a significant investor in the South African economy. In 2012, exports from South Africa to China amounted to 89 billion rand, while imports from China to South Africa totaled 112 billion rand. Total trade stood at 201 billion rand, according to figures from the SA Revenue Service”.

“Excellency, historians continue to uncover evidence that the contact between Africa and China predates the written record”.

“It is said that our own Kingdom of Mapungubwe in Limpopo province, which is now a UNESCO World Heritage Site, had contact with China already nine centuries ago. Regrettably colonialism, imperialism and apartheid disrupted contacts”.

From the premier of the People’s Republic of China Xi Jinping:

“The 21th century would sure be a century of rising for Africa”

“The world cannot enjoy stability and prosperity without the peace and development of Africa”

From a speech made by President of Russia, Vladimir Putin:

“The number five has a special ring here in general. Our summit is taking place in Africa, with its rich nature and very diverse fauna. In Africa people talk about the ‘big five’ – the five biggest animals on the African continent. BRICS is also made up of five countries, and as I just said, we make a very visible contribution to the global economy”.

From a statement made by India’s prime minister Manmohan Singh:

“Given the collective economic weight and global standing of BRICS countries, the forum represents a unique mechanism to address regional and global challenges, particularly in so far as the interests of the developing world are concerned”.

“At the time when the world is facing multiple challenges, the Durban Summit provides a useful and timely opportunity to consult and coordinate on a broad range of issues with our BRICS partners. ”

From a speech made by Indian minister of commerce and trade Anand Sharma

“A new order is clearly emerging, both politically and economically, reflecting the realities of the twenty-first century world.”

From the ANC statement on fifth BRICS summit:

“The ANC believes that these gatherings are critical in redefining the collective future of the developing nations at a time when the world is constantly threatened by a possible collapse of established economies. We believe that the outcomes of the summit and the meeting of the 15 African Heads of State will be instructive on the consolidation of trade within BRICS and within the African Union and as well as consolidation of cooperation in the area of investment between these countries”.

Mbuyiseni Ndlozi of BDS South Africa from statement that announced protest to ensure BRICS takes action against Israel on the Palestinian issue:

“As citizens and organizations of BRICS countries, we now hereby call on BRICS to take decisive action against the increasing Israeli Occupation (and its illegal Settlement enterprise). The time has come for progressive countries that seek a peaceful and just world to take clear action in the interests of the oppressed Palestinians – taking such action would put BRICS on the side of the developing countries, on the side of the peoples of the world and on the right side of history. We are calling on the 5th BRICS Summit to sever trade with Israel’s illegal settlements and immediately initiate a comprehensive arms embargo on Israel.”

From a statement by President Jacob Zuma on the eve of the fifth BRICS summit

 “At a global level, we want to obtain increased support for the reform of International Financial Institutions, the revival of the Doha Development Agenda, as well as the reform of the United Nations including the United Nations Security Council”

“The importance of BRICS for South Africa is best reflected in bilateral trade relations at a practical level.  In 2012, South Africa’s total trade with the BRICS countries stood at 294 billion rand, which is 11% higher than the 2011 figure of 264 billion rand.

Total trade with Brazil grew from 18 billion rand in 2011 to 20 billion rand in 2012, representing growth of 11%. Total trade with Russia increased from three billion rand in 2011 to five billion rand in 2012, representing growth of 45%.

Total trade with India, which is South Africa’s sixth largest trading partner, grew substantially from 53 billion rand in 2011 to 67 billion rand in 2012, representing growth of over 26%.

China ranks first among the BRICS Partners and is South Africa’s largest bilateral trading partner, with total trade expanding from 188.42 billion rand in 2011 to 201 billion rand in 2012, representing growth of 7%.

Intra-BRICS trade expanded by 28% in 2011, to reach 230 billion US dollars.  Another area of focus is infrastructure development at a domestic, regional and continental level”.

 

From the joint statement of the BRICS Business Forum 2013

“We reiterate that the world economic order is changing and that the process of developing economic policy agenda at the global level should reflect this. While there is a realization even amongst the developed countries about the increasing economic weight of emerging economies, this is not fully reflected in the governance model of global institutions such as the IMF and World Bank. We shall continue to work alongside our governments to gradually usher in governance reforms at multi-lateral institutions”.

“We should look to continue enhancing intra-BRICS trade to achieve at least US$ 500 billion by 2015 as per agreement from previous Business Forum in India”.

From the meeting of BRICS trade ministers:

“Given the global slowdown, the Ministers reiterated the need to resist protectionist tendencies and to promote international trade as an engine of economic growth and development, while respecting the WTO consistent policy space available to developing countries to pursue their legitimate objectives of growth, development and stability”.

South African minister trade and industry Rob Davies:

“Other Brics countries have advantage of large populations providing big domestic markets for their products. The South African population is small compared to other Brics countries, but if you add up numbers on continent then you have a critical mass that can support the new industrial wave in Africa. That is why we need achieve the African integration in order to create large trading blocks across large parts of African continent”

“The Importance of Brics can never be overemphasised. From the South African perspective, we have seen significance growth in trade and economic relations with bricks countries. Trade between South Africa and other Brics countries has grown from 11.6% to 27%. We are currently having 31 projects by 25 companies located in Brics countries totalling R12, 6 billion,”

From the statement by BRICS leaders on the establishment of the BRICS Development Bank:

“We have agreed to establish the New Development Bank. The initial capital contribution to the bank should be substantial and sufficient for the bank to be effective in financing infrastructure”.

“In June 2012, in our meeting in Los Cabos, we tasked our Finance Ministers and Central Bank Governors to explore the construction of a financial safety net through the creation of a Contingent Reserve Arrangement (CRA) amongst BRICS countries”.

“We are of the view that the establishment of the CRA with an initial size of US$

100 billion is feasible and desirable, subject to internal legal frameworks and appropriate safeguards. We direct our Finance Ministers and Central Bank Governors to continue working towards its establishment”.

From a speech made by Transnet CEO Brian Molefe:

“At the UN Britton Woods conference of 1944, Jim Keynes proposed the formation of the International Clearing Union (a global bank)…”

“The USA prevailed. The International Stabilisation Fund became the monetary fund. The International Bank for Reconstruction became the World Bank”

“The consequences, especially the poor indebted countries have been catastrophic. As Joseph Stiglitz observed, the fund has compounded existing crises where they did not exist before. It has destabilised exchange rates, exacerbated balance of payments problems, forced countries into debt and recession and destroyed jobs of tens of millions of people”.

 

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