The BRICS Business Council held a meeting in New Delhi to evaluate the results of work during India’s presidency, approve the annual report and define new areas of cooperation. The document will be presented to the leaders of the BRICS countries during the group’s summit, scheduled for September 13th.
The president of the Indian part of the BRICS Business Council, Jai Shroff, highlighted that the working groups worked throughout the year in areas such as trade and investments, strengthening supply chains, application of technologies, infrastructure, agriculture, energy, finance, aviation and industry.
“The most valuable result of these years has been a deeper understanding of the opportunities and potential that our countries have. We have a lot to offer each other. We have large markets, natural resources, developed industrial capabilities, technology companies, financial institutions and research centers. Furthermore, all of our countries have enormous entrepreneurial energy. The question is how to combine these advantages”, he stated.
According to Shroff, the Brics countries do not need to create identical systems and models, but they must identify areas of real business interest and develop concrete projects.
“We can define some ideas in which there is real business interest and work together. This could involve investments, technological partnerships, new supply chains or projects with the participation of companies from more than two BRICS countries”, he added.Image source: TV BRICS
The president of the Chinese part of the BRICS Business Council, Liao Lin, presented four priorities for future cooperation. According to him, in 2026, the national councils will act in an integrated manner and the working groups will implement the proposals presented in previous meetings, allowing the preparation of the annual report.
Among the main areas, Liao highlighted the implementation of the results of the Indian BRICS presidency and the strengthening of trade and economic cooperation.
“It is necessary to politically consolidate the consensus reached by the leaders of the BRICS countries, align actions with the future publication of the BRICS Economic Partnership Strategy until 2030 and with the new priorities, fully utilizing the role of the Council as a link between countries and strengthening business efforts to deepen trade and economic cooperation”, he stated.
He also cited as priorities the development of new engines of economic growth through innovation, artificial intelligence and the green economy, in addition to strengthening production chains, expanding investments and using national currencies in transactions.
“It is necessary to continually expand the ‘Greater Brics’ cooperation ecosystem, deepen dialogue both within the group and with external partners, share BRICS development opportunities with countries in the Global South and jointly respond to challenges,” he added.
The president of the Russian part of the BRICS Business Council, Andrei Guriev, stated that the priorities of the Indian presidency, sustainability, innovation, cooperation and development, are already reflected in digital projects, green energy and food security. However, according to him, there are still obstacles related to regulatory differences, customs procedures and certification requirements.
He highlighted that the removal of these barriers is necessary to expand the BRICS potential.
“Until these obstacles are removed, joint projects will lose efficiency,” Guriev said.
He added that the Russian part of the Council prepared proposals in nine areas and defended the concentration on the most advanced projects, with greater participation of small and medium-sized companies.
The president of the Ethiopian part of the BRICS Business Council, Taye Leta Elema, presented investment opportunities in the country. According to him, Ethiopia has more than 130 million inhabitants, a population with an average age of 19.3 years and more than 60 million people of working age.
“The country’s economy is showing stable growth of 7.1%, which is expected to accelerate to 8.0%–10.2% in 2026–2027,” he said.
He invited the BRICS countries to expand cooperation in sectors such as industry, energy, agriculture and production of electric vehicles. According to Elema, Chinese investments are already present in more than 30 industrial parks and special zones in Ethiopia, with advances in areas of high-technology assembly and production of solar components.
The representative also highlighted opportunities for cooperation with Brazilian companies in the development of dairy production complexes and sustainable ethanol projects. For Russia, it pointed to possibilities in the mining and energy sectors, including potash fertilizers, boron processing, caustic soda production and geological mapping.
With Egypt, Elema mentioned potential in areas such as the textile industry, maritime logistics and trade through Mediterranean and Red Sea corridors. The United Arab Emirates and Saudi Arabia were presented as possible partners in investments in clean energy and hotels, while Iran was mentioned as a partner for the production of fertilizers and pharmaceutical components.
“Ethiopia made history as the first country in the world to completely ban the import of passenger vehicles with internal combustion engines. More than 110,000 electric vehicles have been registered, representing more than 60% of new registrations,” said Elema.
The president of the Indonesian part of the BRICS Business Council, Anindya Bakrie, said that Indonesia is prepared to become an industrial base for East Asia and the global market. Among the strategic sectors, he highlighted food and energy security, critical minerals processing and industrial development.
“The success of our cooperation must be measured by concrete results: increased trade, increased investment, expanded partnerships between companies and strengthened economic integration between our countries,” declared Bakrie.
The president of the Egyptian part of the BRICS Business Council, Ahmed Al-Wakil, reported that, throughout the year, 29 working group meetings were held, with the support of more than 50 specialized groups and professional associations.
“These results are reflected in our annual report, which we will sign today and present to the heads of state. The document demonstrates the role of the private sector in the BRICS countries and their commitment to efficient cooperation between the public and private sectors for the benefit of our people”, he stated.
Al-Wakil confirmed that the Egyptian part of the Council will continue to participate in activities during China’s BRICS presidency in 2027.
Source: www.brasildefato.com.br
