Within the framework of Russia's chairmanship of the Business Council this year, the active promotion of initiatives aimed at strengthening the BRICS partnership continues
Vladimir Padalko, the Vice President of the Russian Chamber of Commerce and Industry, spoke at the session titled "Looking into the future: joining BRICS and developing trade" during the conference "BRICS 2.0 - new countries and new opportunities." The event was organized by the Russian National Committee of the International Chamber of Commerce (ICC Russia).
Speaking at the session, Padalko highlighted the crucial role of the BRICS Business Council in advancing trade, economic, and business relations. He acknowledged the positive experience accumulated over the BC's decade of work. This is reported by the website of the Chamber Of Commerce and Industry of the Russian Federation.
During Russia's chairmanship in the Business Council this year, efforts are being made to strengthen the BRICS partnership through initiatives like enhancing trade regulation, improving market openness, fostering a favorable investment climate, and developing sustainable infrastructure for foreign economic activities within the association.
Andrey Teryokhin, Russia's Trade Representative to the UAE, also delivered a presentation on the Emirates' economy, foreign economic policy priorities, and their approach to BRICS membership during the session.
The participants discussed the concept of establishing an independent international settlement system and showcased the benefits of BRICS membership for member countries.
Trade representatives from India, Iran, and the UAE also shared insights on cooperation with Russia and their respective countries' engagement in BRICS collaboration.
Photo: iStock
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Alisher SalomovAdviser to the Chairman of the National Committee for Ecology and Climate Change of the Republic of Uzbekistan"First and foremost, I would like to highlight the importance of this Central Asia–Russia initiative, because environmental problems know no borders, and only a shared understanding of these problems and the search for joint solutions can deliver positive results" -
![Joao Paulo Capobianco]()
Joao Paulo CapobiancoBrazilian Minister of the Environment and Climate Change"The BRICS countries have a very high level of responsibility because they share an important part of the world's biodiversity, landscapes, populations, food production and water resources. So, we have an opportunity to lead by example. We have our development bank, which can demonstrate and develop new ways of financing programmes. We can reduce the risks for private capital to invest in restoration and efforts to combat desertification" -
![Dilma Rousseff]()
Dilma RousseffPresident of the New Development Bank"India’s BRICS Presidency this year gives special significance to our discussion. NDB stands ready to be a trusted partner in turning commitments on sustainability, clean energy, smart and resilient infrastructure into concrete results on the ground. […] For NDB, mobilising private capital is a strategic imperative. Created by the BRICS founding members, NDB is a bank of the Global South, for the Global South, mandated to mobilise resources for infrastructure and sustainable development" -
![Sihasak Phuangketkeow]()
Sihasak PhuangketkeowDeputy Prime Minister and Minister of Foreign Affairs of Thailand"BRICS can play a very important role in maintaining the free flow of trade and investment. The group can also be a vehicle for all of us to engage and to look at economic opportunities"
