New Brics chairman commits to trade and investment facilitation

Minister of International Relations and Cooperation, Lindiwe Sisulu.

As Brazil’s José Serrador formally took over the chairmanship of the Brics Business Council (BBC) from South Africa’s Busi Mabuza yesterday (Thursday), he pledged to focus on trade and investment facilitation between the five country members – Brazil, Russia, India, China and South Africa.

He said his country recognised the excellent work done by its predecessors, “especially South Africa, for the strict cooperation in the process of handing over the chairpersonship”.

“We encourage the debate of measures that will make the demands of the business council more efficient and more civil. We would like to emphasise the voice of the private sector with our governments. We count on all national sections to reach this goal,” added Serrador.

Speaking at the conclusion of the two-day mid-term BBC meeting in Johannesburg, Minister of  International Relations and Cooperation, Lindiwe Sisulu, said South Africa welcomed the assurance from Brazil that the new government was committed to continuing the relationship.  

She assured the BBC of South Africa’s ongoing support as it firmed up trade relations on the African continent.

“South Africa will chair the African Union (AU) in 2020 to usher in the Africa Continental Free Trade Area. A vibrant and energetic Council is a very necessary partner for this,” said Sisulu.

“Yesterday, the 22nd country signed the Africa Continental Free Trade Area, meeting the minimum threshold for the agreement to come into effect. It bodes well for Africa, for SA and for the Business Council as it opens up Africa for new business opportunities,” she said.

Serrador announced that this year’s Brics Summit would be held on November 13 and 14 in Brasilia, under the theme “Economic growth and innovative future”.

 


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