Abstract
On April 14, 2011, the Sanya Declaration issued at the Third Brics Summit established an all-dimensional Brics cooperation mechanism featuring inclusive development as the orientation and focusing on economic and trade cooperation, becoming a new model for global economic cooperation. Within the G20 framework, this new model of cooperation among the Brics countries is also an important practice to change the international economic system dominated by a small number of developed countries (G7) and blaze a new path of “South-South Cooperation”. Inclusive development is the essence and innovation of brics cooperation mechanism, and its core is benefit sharing. Based on common interest demands and highly complementary economic structures, the Brics countries have been actively engaged in practical cooperation at multiple levels and in various fields, with a growing momentum of share-based cooperation. During 2001–2011, the trade volume among the five Brics countries increased by 18.3 times, reaching over 280 billion USD in 2011.
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- 1.
According to the data of the Ministry of Commerce of China, India is one of the countries that impose the most anti-dumping duties on Chinese products, and India has been continually imposing tighter quality restrictions on mobile phones, milk products and toys imported from China. Brazil has recently sharply increased trade protection measures against Chinese products.
- 2.
As major emerging market economies, the Brics countries hold a pivotal position in the world. In 2010, they accounted for 43.2% of the world’s total population, 18.2% of the world’s economic aggregate and 15.4% of global trade volume, contributing as much as 60% to world economic growth. Refer to the electronic version of BRICS United Statistical Manual (2011), pp. 2, 12, 32 and 128, http://www.stats.gov.cn/tjsj/qtsj/jzgj2011. The trade data were sorted out based on the data from the UN commodity trade statistics database (UN comtrade), http://comtrade.un.org/db.
- 3.
Refer to the comment written by Manoj Pant for the Economic Times of India (February 10, 2012).
- 4.
Source: sorted out based on the data from the UN commodity trade statistics database (UN comtrade), http://comtrade.un.org/db.
- 5.
South Africa is the country in Africa launching the largest number of anti-dumping actions against Chinese exports. In July 2010, the Trade and Industry Minister of South Africa Davis said that South Africa would not sign a free trade agreement with China because it would be unfavorable to South Africa, as South Africa is unable to compete with China’s economic size. Refer to China–South Africa Economic and Trade Cooperation Net, http://www.csc.mofcom.gov.cn/article/csacsbdt/201007.
- 6.
BRICS United Statistical Manual (2011). Beijing: China Statistics Press, 2011.
- 7.
In order to obtain reliable sources of raw materials, Investment China has increased its investment in resources sector of Brazil, South Africa and other countries, which has aroused concerns of host countries on their own economic security.
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Ouyang, Y., Yi, X., Tang, L. (2019). Shared Growth of Foreign Trade of the Brics Countries. In: Growth and Transformation of Emerging Powers. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-32-9744-9_5
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