On 19 March, 2020 Moscow hosted an international conference, "The Strategy for the BRICS Economic Partnership”. The event was organized by the Russian Ministry of Economic Development as part of the Russian chairmanship’s economic agenda.
The conference saw the presence of the representatives of Russian ministries and government agencies, development institutions and the BRICS Business Council, as well as leading experts from Russia and other BRICS countries.
Given the difficult epidemiological situation due to the coronavirus pandemic, many speakers chose to participate remotely, and an online broadcast of the event was organized for the audience.
The experts discussed the key dimensions of the Strategy for BRICS Economic Partnership 2025, such as trade, investment, finance, digitalization and sustainable development. They also shared their assessments of the impact the coronavirus pandemic will have on the BRICS economies, as well as outlined main problems faced by businesses and the ways to overcome them with the use of the potential of the cooperation among the five countries.
“Cooperation between the BRICS countries in digital transformation, increasing the role of the agenda of sustainable and inclusive development, and the implementation of the sustainable development goals by our countries are especially important now that the world is fighting the epidemic,” said Natalya Stapran, Director of the Department for Multilateral Economic Cooperation and Special Projects at the Russian Ministry of Economic Development. “Today, against the backdrop of new and unforeseen challenges, it is more important than ever before to coordinate the efforts of our countries in order to maintain economic growth, revive and find new opportunities for trade and economic relations,” she added.