World
Saturday, 02 September 2017 04:02

What do you know about BRICs?

By /Abeer Almadawy 

During these days China is preparing to open BRICs summit (3 September to 5 September)under huge international interest and expectations of a difference in the view of its influence on the major economic troubles worldwide.

China will host the 9th BRICS summit in Xiamen on September 3rd, 4th and 5th, 2017. With the presence of world presidents from more than 18 countries as guests.

BRICs who gathered the most development countries who already have strong and stable economic growth with its five partners Brazil,Russia,India China ,and South Africa;prepares to wide its organization with more countries who share the same economic growth language.

The term does not include countries such as South Korea, Mexico and Turkey for which other acronyms and group associations were later created.

But the 9th Summit version of 2017 is going to wide itspartners with the presence of Egypt  who get an invitation from the China to share this summit ,in a prospection that Egypt will join in BRICs plus later. As one of the promises economic growth countries. Other countries  also  are looking forward to join this treatment.

But before moving to the news of BRICS , it is good to examine your knowledge and know more information about this economic summit that gathers Brazil,Russia,India,China South Africa. Then know why this economic summit BRICS  is important so that  world now interested to follow its news special the biggest the governments worldwide .

 

BRICS;

The BRICS Forum, an independent international organisation encouraging commercial, political and cultural cooperation between the BRICS nations, was formed in 2011.

is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Originally the first four were grouped as "BRIC" (or "the BRICs"), before the induction of South Africa in 2010.The BRICS members are all leading developing or newly industrialized countries, but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs; all five are G-20 members.Since 2009, the BRICS nations have met annually at formal summits.

 

As of 2015, the five BRICS countries represent over 3.6 billion people, or about 40% of the world population;

all five members are in the top 25 of the world by population, and four are in the top 10. The five nations have a combined nominal GDP of US$16.6 trillion, equivalent to approximately 22% of the gross world product, combined GDP (PPP) of around US$37 trillion and an estimated US$4 trillion in combined foreign reserves.

Overall the BRICS are forecasted to expand 4.6% in 2016, from an estimated growth of 3.9% in 2015. The World Bank expects BRICS growth to pick up to 5.3% in 2017.

The BRICS have received both praise and criticism from numerous commentators.Bilateral relations among BRICS nations have mainly been conducted on the basis of non-interference, equality, and mutual benefit.

other speculation of Development ;

 

The BRICS Forum, an independent international organisation encouraging commercial, political and cultural cooperation between the BRICS nations, was formed in 2011.In June 2012, the BRICS nations pledged $75 billion to boost the lending power of the International Monetary Fund (IMF). However, this loan was conditional on IMF voting reforms.In late March 2013, during the fifth BRICS summit in Durban, South Africa, the member countries agreed to create a global financial institution which they intended to rival the western-dominated IMF and World Bank.After the summit, the BRICS stated that they planned to finalise the arrangements for this New Development Bank by 2014.However, disputes relating to burden sharing and location slowed down the agreements.

At the BRICS leaders meeting in St Petersburg in September 2013, China committed $41 billion towards the pool; Brazil, India and Russia $18 billion each; and South Africa $5 billion. China, holder of the world's largest foreign exchange reserves and who is to contribute the bulk of the currency pool, wants a greater managing role, said one BRICS official. China also wants to be the location of the reserve. "Brazil and India want the initial capital to be shared equally. We know that China wants more," said a Brazilian official. "However, we are still negotiating, there are no tensions arising yet."On 11 October 2013, Russia's Finance Minister Anton Siluanov said that a decision on creating a $100 billion fund designated to steady currency markets would be taken in early 2014. The Brazilian finance minister, Guido Mantega stated that the fund would be created by March 2014.However, by April 2014, the currency reserve pool and development bank had yet to be set up, and the date was rescheduled to 2015. One driver for the BRICS development bank is that the existing institutions primarily benefit extra-BRICS corporations, and the political significance is notable because it allows BRICS member states "to promote their interests abroad... and can highlight the strengthening positions of countries whose opinion is frequently ignored by their developed American and European colleagues."

In March 2014, at a meeting on the margins of the Nuclear Security Summit in The Hague, the BRICS Foreign Ministers issued a communique that "noted with concern, the recent media statement on the forthcoming G20 Summit to be held in Brisbane in November 2014. The custodianship of the G20 belongs to all Member States equally and no one Member State can unilaterally determine its nature and character." In light of the tensions surrounding the 2014 Crimean crisis, the Ministers remarked that "The escalation of hostile language, sanctions and counter-sanctions, and force does not contribute to a sustainable and peaceful solution, according to international law, including the principles and purposes of the United Nations Charter."This was in response to the statement of Australian Foreign Minister Julie Bishop, who had said earlier that Russian President Vladimir Putin might be barred from attending the G20 Summit in Brisbane.

In July 2014, the Governor of the Russian Central Bank, Elvira Nabiullina, claimed that the "BRICS partners the establishment of a system of multilateral swaps that will allow to transfer resources to one or another country, if needed" in an article which concluded that "If the current trend continues, soon the dollar will be abandoned by most of the significant global economies and it will be kicked out of the global trade finance.

Over the weekend of 13 July 2014 when the final game of the World Cup was held, and in advance of the BRICS Fortaleza summit, Putin met his homologue Dilma Rouseff to discuss the BRICS development bank, and sign some other bilateral accords on air defence, gas and education. Rouseff said that the BRICS countries "are among the largest in the world and cannot content themselves in the middle of the 21st century with any kind of dependency."[36] The Fortaleza summit was followed by a BRICS meeting with the Union of South American Nations president's in Brasilia, where the development bank and the monetary fund were introduced.The development bank will have capital of US$50 billion with each country contributing US$10 billion, while the monetary fund will have US$100 billion at its disposal.

On 15 July, the first day of the BRICS 6th summit in Fortaleza, Brazil, the group of emerging economies signed the long-anticipated document to create the US$100 billion New Development Bank (formerly known as the "BRICS Development Bank") and a reserve currency pool worth over another US$100 billion. Documents on cooperation between BRICS export credit agencies and an agreement of cooperation on innovation were also inked.

At the end of October 2014, Brazil trimmed down its US government holdings to US$261.7 billion; India, US$77.5 billion; China, US$1.25 trillion; South Africa, US$10.3 billion.

In March 2015, Morgan Stanley stated that India and Indonesia had escaped from the 'fragile five' (the five major emerging markets with the most fragile currencies) by instituting economic reforms. Previously, in August 2013, Morgan Stanley rated India and Indonesia, together with Brazil, Turkey and South Africa, as the 'fragile five' due to their vulnerable currencies. But since then, India and Indonesia have reformed their economies, completing 85% and 65% of the necessary adjustments respectively, while Brazil had only achieved 15%, Turkey only 10%, and South Africa even less.

After the 2015 summit, the respective communications ministers, under a Russian proposal, had a first summit for their ministries in Moscow in October where the host minister, Nikolai Nikiforov, proposed an initiative to further tighten their information technology sectors and challenge the monopoly of the United States in the sector.

Since 2012, the BRICS group of countries have been planning an optical fibre submarine communications cable system to carry telecommunications between the BRICS countries, known as the BRICS Cable.Part of the motivation for the project was the spying of the National Security Agency on all telecommunications that flowed across the US.

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sources/Wikipedia ,

IMF Outlook for BRICS ,China agency for News

 

 

 

 

 

 

 

Published in Exclusive

Berlin

Books / Abeer Almadawy

 

  In the light of the official visit of Egyptian Foreign Minister Sameh Shukri to Germany for three days, which produced a number of important statements from the German side, especially with regard to the war on terrorism and adherence to all agreements and treaties with Egypt and stand by Egypt in the development and investment files today said the Egyptian Foreign Ministry that Germany is ready to mediate between the Nile Basin countries.

Where the Egyptian Foreign Ministry announced on Sunday evening that Germany expressed its willingness to "mediate between the Nile Basin countries."

In a joint press conference with his Egyptian counterpart Sameh Shukri,German Foreign Minister Ziegmar Gabriel announced in Berlin on Sunday his support for Egypt

The German Minister Gabriel expressed Egypt's concern about the dam of the Ethiopian Renaissance and stressed the need for Egypt to agree on any projects on the Nile River, stressing that "the Nile River for Egypt is a matter of life"

"In a controversial issue related to what is happening between the Nile Basin countries," according to an external statement issued after the conference.

He said:

"We have a great understanding and support for Egypt and the position of my Egyptian friends ... All what is happening on the Nile affects on Egypt, and Nile is the heart of Egypt, which is existential for them."

"Any project in Upper Nile should be in coordination with and in accordance with Egypt, and any projects in the Nile Basin should take into account the Egyptian interests," he said, stressing that Germany was ready to mediate between the different parties.

Published in Europe

By / Abeer Almadawy

 

 The Arab Republic of Egypt condemned the horrific terrorist incident that targeted  a mosque in the central of the Afghanian Capital Kabul,that killed about 28 people and injured more than 56 people

Where a statement was issued by the Egyptian Foreign Ministry confirmed on

  Egypt Condemns of the terrorist attack by Daesh who targeted on a mosque in central Afghanistan, killing 28 people and injuring 50

others.


The Egyptian Foreign Ministry affirmed in its statement today that the Egyptian government and people stand with the government and the people of Afghanistan in the face of terrorism, which aims at security and stability in all parts of the world, expressing sincere condolences to the families of the victims.

Published in Politics

Editing by;Abeer Almadawy  
 


The relations between Egypt and Chad are extended, distinct, and they have several fields for cooperation.
Since president of Egypt took the authority and he is keen to establish a new link with the African countries special Chad that has deep historical root with Egypt since thousands of years.And may it returns to the ancient Times of Egyptian.
But this deep roots of relations got a new push up to go forward for more tied relations during the ruling of president Alsisi who sees Chad as an important country for The Egyptian national security too. From its side Chad welcomes this relation and it appears by the official visits of the president IDriss Debby to Cairo.
Ibrahim Hussein Taha, Chadian Foreign Minister confirmed in a press release in March 2017, that a top-level coordination exists between Cairo and N Djamena on all regional and international issues, noting that the strong relations between the two Presidents Abdel Fattah Al sisi  and Idriss Deby consolidate this coordination and confirm it in all Forums, which serves the interests of both countries. He affirmed in this regard that Egypt's support for Chad's candidate for the post of the African Commission president had a positive impact.

According to the report issued by the foreign information sector with the OGI, relations between Egypt and Chad are strong enough to be have united countries.
There are many factors helped to create this special relationship between the two countries , as long they share each other in the same international and regional organizations including the African Union, the Community of Sahel-Saharan States, the Organization of Islamic cooperation and NEPAD, as well as the multiplicity of areas of cooperation on many issues, including the neighborhood and the participation of borders with "Libya" and other cooperation for sustainable development.



According to these data, the visit of President Sisi to Chad within his African tour that he paid Last week ,is very important in order to have more consultations on major regional issues of common interest and to accelerate the pace of bilateral cooperation Between the two countries.

The report by the foreign information sector also noted an intensity of meetings between officials of the two countries at all levels, particularly during the previous period.

The last visits of President of the Republic of Chad, Idriss Deby, to Egypt on 14/12/2014, where he met President Abdel Fattah Al Sisi,could to strengthen the relationship and find more chances for cooperation In the African issues of both interest common.


Libya crisis wasn't away from the discussions and exchanges of visions about it,which paved the way before both Egypt and Chad to agree on the importance of preserving the unity of Libyan territory and the maintenance and support the capacities of the Libyan legitimate institutions, in particular the Libyan Parliament and The National Army.

Means to strengthen bilateral relations in all areas were also discussed, particularly in the areas of health and agriculture, as both the Egyptian Prime Minister and the President of Chad signed a protocol later on medical cooperation.


In addition the cooperation in the field of groundwater and the study of the establishment of an Egyptian model farm in southeastern Chad, within the framework of agricultural cooperation, for livestock development and Cultivation of certain types of wind and improved seed crops.

President Abdul Fattal Alsisi confirmed that Egypt is concerned to continue its training programs for the capacities of Chadian cadres in various fields, according to priorities on the Chadian side, whether by Al-Azhar or through Egyptian Agency for Partnership for Development.
Idriss Deby, President of the Republic of Chad, also commended the role played by Egypt over the years in teaching Arabic for Chadian students, praising the positive role of Egyptian teachers and professors Sent to Chad in the hope of increasing their numbers in all levels of education


President Deby also stressed the role of Chadian graduates in enriching the various aspects of the professional life of Egyptian universities and Chadian institutions that helped the Egyptian in their project at West of Owaynat at the western south of the Egyptian country.
   

The report of the foreign information sector indicated that several cooperation agreements between the two countries have been signed since 1984, culminating in the creation of the Joint High Committee, held several times. These and subsequent agreements represent the basis of the strategic relationship, including the agreements between Cairo and N'djamena in various areas, concentrated in particular in the fields of economy, development, culture and media.  

Though the tied relationship but still  The  trade exchange
 Don't meet the ambitious of both countries.The rate of trade between Egypt and Chad still very low , which opens the door to new efforts to facilitate trade and to resolve the obstacles encountered, in particular in the field of trade. Transport of goods due to the geographical location of Chad as a country without beaches.
Egyptian exports to Chad vary between food, engineering, medical, real estate, agricultural, clothing, textile and leather goods, while Egypt can imports from Chad a variety of food and cotton. A direct line from EgyptAir between Cairo and N'djamena was launched on 2 August 2014. The launch of this line comes within the framework of Egypt's concern to strengthen cooperation between the two countries and represents a service to students Foreigners from Chad to study at Al-Azhar, or to obtain medical care in Egypt.

At the end this long report we share now,its importance is in the new strategy of Egypt towards its African neighbors that is build up on respect and never to interfere in the other issues while it supports on the peace and stability with the work on true development that can advance from these countries and realize their rights in life as partners of modern civilization.





Published in Exclusive

   The Armed Forces Chief of Staff Mahmoud Hegazi received in Cairo on Thursday 27/07/2017 his Italian counterpart Claudio Graziano and his accompanying delegation.

During their meeting, they discussed a number of issues of mutual concern amid the developments facing the region. They also tackled means of fostering bilateral ties especially in military and security fields.

Hegazi hailed the deep-rooted relations with Italy and called for promoting ties to confront terrorism and restore stability and security in the Middle East.

Graziano asserted his country agrees with Egypt’s stance in various issues.

The meeting was also attended by a number of army commanders as well as the Italian military attaché in Cairo.

MENA

Published in Politics


China's ambassador to Cairo, Song Iguo, stressed the long-standing ties between China and Egypt in all fields, pointing out the two leaders' keenness to further enrich these historic ties in a speech on Thursday (July 27th) at the celebration marking the 90th anniversary of the establishment of the army. Which was attended by the Minister of Military Production Major General Mohammad Al-Asar and a number of ambassadors and military attaches accredited to Egypt

He noted that China has established strategic partnership with Egypt and that President Abdul Fattah Al Sisi visited China three times. Chinese President Xi Jinping made a historic visit to Egypt in 2016, noting that bilateral cooperation in all fields has achieved fruitful results.

Published in Politics
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