Written by Michael Thervil
Video courtesy of the Kremlin
This past Friday, Russian President Vladimir Putin made sure to emphasize during his speech at the BRICS Business Forum that the collective countries that comprise BRICS have now exceeded $60 trillion dollars in growth since last year, which translates to roughly 37% of the global Gross Domestic Product (GDP). This is something to take note of because to the credit of the BRICS countries as a collective, they have far exceeded the GDP of the Collective West (29.3%) by 8.1%. While the G7 consists of Italy, the United States, France, Japan, Canada, Germany, and the United Kingdom. BRICS has expanded beyond Brazil, Russia, India, China, and South Africa to include Iran, United Arab Emirates, Ethiopia, Egypt and Saudi Arabia (pending) (10 total) in 2024. This does not include the other 40 plus countries (and growing) who have either applied for membership or who have been invited to join BRICS.
While The G7 and the rest of the Collective West seem to be threatened by the rise of BRICS, Russian President Putin stressed during his speech at the BRICS Business Forum that: “The work of BRICS is not aimed against anyone. It is aimed only at one general task - the sustainable development and flourishing of our countries and people”. Unlike the Collective West, that seems to focus on the exportation of war for their own financial gain, the members of BRICS place their focus on the building of economic trade partnerships and the diplomatic relationships between their members.
Adding proof to our position here at VEDA Communications were the words of the South African BRICS representative and member Busi Mabuza who stated that: “The opportunity for South Africa and for the African continent that is presented by BRICS is absolutely massive.” And this is a great thing for not only South Africa but for the continent of Africa as a whole. China and Russia has been leading the way in Africa for quite some time now in terms of building and fostering relationships that allows not only for Russia and China to gain something economically; but this relationship with the people of African countries working in partnership with them also gain the chance to install new and build up their existing infrastructure, the ability to significantly grow their economies, increase their GDP through international trading, and obtain technological advancements as well.
The BRICS Business Forum comes at a time when the BRICS Summit will be taking place this coming week between the 22nd and the 24th in the Russian city of Kazan. The reason why BRICS exists is because the founding members of BRICS understand the importance of economic freedom and international trade outside the influence of the Collective West and its ability to apply draconian economic sanctions and coercive measures with their SWIFT banking system.
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