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Wang Yi: Make the BRICS Solid and the Claims that BRICS Are Losing Luster Will Collapse by Themselves

2013/09/27

On September 26, 2013, Foreign Minister Wang Yi attended the Foreign Ministers' Meeting of BRICS Countries in New York. At the meeting, the foreign ministers discussed financial cooperation among BRICS countries, Syria, cyber-security and other issues and reached broad consensus.

Wang Yi said that the BRICS Summit this year in Durban yielded positive results. China attaches great importance to the follow-up execution of Durban Action Plan. If the cooperative projects are well executed, the foundation of BRICS will be solidified and the claims that BRICS are losing luster will collapse by themselves. The BRICS countries should continue to strengthen communication and coordination on the Syrian issue, stick to the big direction of political settlement and uphold the UN Charter and the basic norms of international law.

Wang Yi said that progress was made in the establishment of a development bank and contingency reserves at the informal meeting of the leaders of the BRICS countries in St. Petersburg. The five countries should set up the two mechanisms as soon as possible and build up a financial security net to respond to the fluctuations of the international market. In addition, the parties should make good preparations for the Sixth BRICS Summit meeting, gather consensus, coordinate positions and make BRICS cooperation move towards the goal of a big market for trade and investment, big circulation of financial services and currencies, well-interconnected infrastructure, and frequent people-to-people and civil exchanges.

After the meeting, a joint press release that reflects the common position of the BRICS countries on the above issues was published.

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