Business
BRICS Business Council meets in South Africa
(IANS) – Business leaders from Brazil, Russia, India, China and South Africa (BRICS) are meeting in Johannesburg, South Africa Monday to identify specific measures to eliminate barriers to growing trade and investment.
Prominent business leaders from 19 other African countries are also taking part in the first BRICS Business Council meeting at the Sandton Convention Center.
The Council was established by the BRICS heads of state and government during their summit in Durban in March 2013, to develop and grow business, trade, manufacturing and investment ties among the group countries and between them and Africa.
According to the Council chairman Patrice Motsepe, the two-day meeting would identify specific measures and initiatives to increase trade, business, manufacturing and investment ties among member-countries.
“The meeting will identify specific measures and initiatives to increase trade, business, manufacturing and investment ties amongst the BRICS countries and between the BRICS countries and Africa.”
“We will also propose measures to eliminate barriers or hurdles to growing trade and investment ties amongst the BRICS countries and between the BRICS countries and Africa” said Motsepe.
He said it was important that African business leaders and entrepreneurs established partnerships and joint ventures amongst themselves and also network and exchange ideas to ensure that they significantly benefit from the various business, trade, manufacturing and investment opportunities between the BRICS countries and Africa.
