BRICS to foster equality, economic development and achieve financial connectivity: Victor Gao

BRICS to foster equality, economic development and achieve financial connectivity: Victor Gao

Ali Sabry, Erika Mounyes, Victor Gao and Mesganu Arga Moach at a panel session at the Doha Forum Sunday, which was moderated by Gustau Alegret, journalist and anchor, NTN24. Picture: Shaji Kayamkulam

Intergovernmental organisation BRICS, which originally comprised Brazil, Russia, India, China, and South Africa, can still exist with or without the G7 Group of countries, noted Victor Gao, vice president of the Beijing-based Center for China and Globalisation (CCG), and chair professor of Soochow University.Gao noted, “This is because these member countries of BRICS want to have independence and equality. They want to have their voice heard at the international stage.”“China accounted for more 50% of BRICS economy to start with...when there were only five member states. China did not dictate terms to other BRICS members. All the five members operated in equality with each other. Now, we have 11 members in BRICS,” Gao said at a panel session at the Doha Forum Sunday.“I think this equality and independent decision making of each of the BRICS members will become even more important. And this will serve as a greater incentive for all the other BRICS applicants.“Because they see BRICS as a platform of equality...a platform where they can