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It is reported that as the core outcome document of the BRICS Summit, the Ufa Declaration, which covers a total of 100 pages, brings together the latest views and solutions of BRICS member states on hot issues in multilateral cooperation. There is an urge for quota reform, and there is also a list of the latest results of cooperation among BRICS countries in trade, investment, finance, energy, manufacturing and other fields. Another major outcome of this summit is the adoption of the BRICS Economic Partnership Strategy by member states. From the establishment of an annual meeting mechanism of economic and trade ministers by the BRICS countries in 2009, to the formulation of a trade and investment cooperation framework in 2009, and then further focusing on the field of trade and investment in 2009, the closeness of economic and trade relations among BRICS member states has increased year by year. Experts pointed out that the adoption and implementation of the BRICS Economic Partnership Strategy will further move towards a community of interests with integrated markets, multi-level circulation, land, sea and air connectivity, and cultural exchanges through cooperation among BRICS countries. Lay a new solid foundation for building a closer BRICS economic partnership. As an important outcome of the SCO Summit, the signing of documents such as the SCO Development Strategy for the Year to Year and the SCO Member States’ Border Defense Cooperation Agreement demonstrate the importance of SCO member states in national strategic alignment, security cooperation, and joint combat against transnational Broad consensus has been achieved on crime and other aspects, which has formed a useful complement to a series of outcomes of the BRICS Summit and enriched the connotation of all-round cooperation between emerging economies and developing countries.
The Ufa Bilateral Summit not only achieved specific cooperation results in trade, investment, finance and other fields, but also represented emerging economies and developing countries in making their voices heard in front of the international community, allowing the BRICS to The country and the SCO have established a closer bond and achieved the superposition effect of +.
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Major breakthrough in financial cooperation
The reporter noticed that before the BRICS Summit, there were already discussions about the BRICS New Development Bank (hereinafter referred to as the BRICS Bank) Positive developments include convening the first board meeting. It is reported that the legislative bodies of the five BRICS countries have approved the "Agreement on the Establishment of the New Development Bank", and the first Board of Governors meeting held today also completed the organizational preparations before formal operation and appointed Varman from India. . Kamath was the first president and served a five-year term. Therefore, after the positive progress made by the NRIC Bank, the media paid special attention to more progress in financial cooperation at this summit.