Xi's BRICS business forum speech earns accolades

Nanda Lal Tiwari, sub-editor, The Rising Nepal

Nanda Lal Tiwari, sub-editor, The Rising Nepal. [Photo by Chen Liubing/chinadaily.com.cn]

President Xi said, we should get more emerging market and developing countries involved in our concerted endeavors for cooperation and mutual benefit. BRICS places a high premium on cooperation with other emerging market and developing countries and has established effective dialogue mechanisms with them. It shows that BRICS will not be limited to the five countries alone but include many other developing countries through different means and mechanisms, such as BRICS Plus.

The other thing I was interested in was how President Xi would draw a link between BRICS and the Belt and Road Initiative. As I come from Nepal, which has signed an MOU with China on the Belt and Road Initiative, it is heartening to note that BRICS and the Belt and Road Initiative will complement to enhance investment, trade and infrastructure, as well as economic development of the developing countries.