{"id":1784,"date":"2013-03-26T08:43:42","date_gmt":"2013-03-26T14:43:42","guid":{"rendered":"https:\/\/myfutureamerica.org\/?p=1784"},"modified":"2013-03-26T08:43:58","modified_gmt":"2013-03-26T14:43:58","slug":"in-a-bold-move-the-brics-countries-take-it-on-the-west","status":"publish","type":"post","link":"https:\/\/myfutureamerica.org\/?p=1784","title":{"rendered":"In a bold move the BRICS countries take it on the West."},"content":{"rendered":"
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In a bold move the BRICS countries take it on the West. They have all potential to set up new financial organization rivaling the existing ones established by USA after WWII.<\/strong><\/p>\n

We won’t have to wait too long to see a major currency to compete with U.S. Dollar and Euro.<\/strong><\/p>\n

Since the West is glorifying free markets and competition it has the chance to prove it can stand the challenge. <\/strong><\/p>\n

This time however, military might won’t matter – The race is on <\/strong>for <\/strong> a hopefully peaceful modernization of the world order!<\/strong><\/p>\n

Russian President Vladimir Putin has touched down in South Africa opening his trip to the African continent for the BRICS summit that will see emerging economies of Brazil, Russia, India, China and SA discuss a wide range of global and regional issues.<\/p>\n<\/div>\n

The Russian leader\u2019s visit to Africa will kick off with a \u201cnarrow circle\u201d meeting with South Africa\u2019s Jacob Zuma, followed by a \u201cbroad circle\u201d session.<\/p>\n

The negotiations are expected to conclude with the two presidents signing a package of bilateral deals and a press conference, Putin\u2019s aide said.<\/p>\n

BRICS nations agree to development bank<\/a><\/strong><\/p>\n

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\u00a0The BRICS grouping of emerging economies agreed Tuesday to set up a development bank that would rival Western-backed institutions, South Africa’s finance minister said.<\/p>\n<\/div>\n

\u00a0“It’s done,” minister Pravin Gordhan said after meeting with his counterparts from Brazil, Russia, India and China.<\/strong><\/p>\n

“The leaders will announce the details,” he added.<\/p>\n

Russian-Indian relationship have always been close, Prof. Aman Agarwal,<\/strong> a famous economist and deputy director at the Indian Institute\u00a0of\u00a0Finance, told to the Voice of Russia.<\/p>\n

India and Russia has had a very cordial relationship for the last 65-70 years, not only after the independence of India but even before. We have shared a large number of joint cooperative arrangements, scientific ties and had a very humble relationship between the civilians as well. I think that BRICS structure which has come up, which includes five nations together having similar kind of structures \u2013 Brazil, China, India, Russia and South Africa – it is giving a new boost to the way financial structures are going to be looked upon and the way trade is going to take place between.<\/p>\n

Earlier, it used to be regional blocks which were more based on the regional proximities of countries, like the SAARC or NAFTA and so forth. The ASEAN, these were basically countries which joined together by boundaries and created trade block for them to grow in terms of trade. I think the way BRICS is coming forward, it is going to re-strengthen the ties which have been ignored in the past.<\/p>\n

As I said, India and Russia have had very good and strong ties with respect to science, technology, cultural relationships and even education sectors. But when we come to trade, the trade has typically been between the government-government trade sectors, whether it is defense or any other sphere as such, it has been majorly within the government prevalence. There has been very little private participation, either from Russia or from India.<\/p>\n

I think this is something which the recent visit of the Russian President also put forward.<\/p>\n

BRICS leaders to adopt eThekwini Roadmap at SA summit<\/a><\/strong><\/p>\n

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\u00a0Russian President Vladimir Putin today is due to hold a pourparler with his South African counterpart, Jacob Zuma, ahead of a broader meeting later on Tuesday. The high-profile talks will be followed by signing a package of bilateral agreements and a press conference.<\/p>\n<\/div>\n

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In the wake of the today\u2019s summit BRICS leaders are expected to adopt the so-called eThekwini Declaration. It will be a summary of the BRICS countries\u2019 common stance in key issues of global politics and economy. Also BRICS plans to create a Business Council, a body which will manage the countries\u2019 investment projects.<\/p>\n

Voice of Russia\u2019s correspondent\u00a0Polina Chernitsa\u00a0<\/strong>reports from BRICS Summit in Durban.<\/p>\n

Polina, tell us more about the gathering. What\u2019s on the agenda?<\/em><\/p>\n

Today the main talks will be held with Putin\u2019s counterpart Jacob Zuma. Vladimir Putin has already arrived here in Durban and the talks will start approximately in 2 hours and there is a very significant agenda. The talks are expected to result in signing of 13 agreements on cooperation in such fields like energy and mining industry, space exploration, and more and more. The landmark document the two leaders are going to sign is called a Joint Declaration on Strategic Partnership between Russia and South Africa.<\/p>\n

Here, on these talks the Russian delegation will be represented by our Trade and Development Minister Andrey Belousov and Energy Industry Minister Alexander Novak, Finance Minister Anton Siluanov. So, you can see that the talks will be really significant and they will cover these very significant fields.<\/p>\n

Talking about this Thekwini Declaration, it is a road map. It was named after the South African part that the summit host-city Durban is located in. We still don\u2019t know the details of this declaration, they will tell the details later, but it was announced that this declaration will give BRICS attitude to the current global politics and economics, as well as an insight into most urgent issues of multilateral cooperation. And it will just detail the agenda of BRICS for the next year and outline the new opportunities for partnership between the countries of Brazil, India, South Africa, Russia and China.<\/p>\n

In the wake of the summit, BRICS leaders are expected to adopt the so-called eThekwini Declaration and the Thekwini Road map, named after the South African municipality the summit\u2019s host city of Durban is located in.<\/p>\n

\u201cThe declaration will give BRICS\u2019 attitude to the current global politics and economics, as well as an insight into most urgent issues of multilateral cooperation,\u201d Putin\u2019s aide Yuri Ushakov has said. \u201cThe road map will go into detail on BRICS\u2019 agenda for the next year and outline new opportunities for bilateral partnership,\u201d he added.<\/p>\n

President Zuma is expected to give an opening concert to honor Vladimir Putin and other BRICS leaders, ahead of a dinner party on the same night.<\/p>\n

On Tuesday, President Putin is also due to hold bilateral talks with India\u2019s Prime Minister Manmohan Singh.<\/p>\n

The summit will reach its climax on Wednesday, crowned by major talks that are titled\u00a0BRICS and Africa: Partnership for Development, Integration and Industrialization<\/em>. The heads of five BRICS member states will attend two plenary sessions to then be joined by delegates of several African nations for an AFRICA-BRICS leaders\u2019 forum. Further on the agenda is a business breakfast that will bring together heads of BRICS nations and their business elite.<\/p>\n

\u00a0President Putin is also set to meet with Egyptian President Muhammed Mursi. \u201cWe have been contacted over more appointments. We\u2019ll try to settle it all on the go, so more meetings are not ruled out, including those with the Mozambique and Ethiopia leaders,\u201d Putin\u2019s aide said.<\/p>\n<\/div>\n

Voice of Russia<\/a>, TASS, AFP<\/p>\n","protected":false},"excerpt":{"rendered":"

In a bold move the BRICS countries take it on the West. They have all potential to set up new financial organization rivaling the existing ones established by USA after WWII. We won’t have to wait too long to see a major currency to compete with U.S. Dollar and Euro. Since the West is glorifying […]<\/p>\n","protected":false},"author":1,"featured_media":1785,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[104,1,114],"tags":[],"class_list":["post-1784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-uncategorized","category-world-2"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/myfutureamerica.org\/wp-content\/uploads\/2013\/03\/Putin-in-South-Africa.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2SfUR-sM","_links":{"self":[{"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/posts\/1784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1784"}],"version-history":[{"count":2,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/posts\/1784\/revisions"}],"predecessor-version":[{"id":1787,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/posts\/1784\/revisions\/1787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=\/wp\/v2\/media\/1785"}],"wp:attachment":[{"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfutureamerica.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}