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Russia hosts 8th BRICS Industry Ministers’ Meeting
The meeting was convened on Friday with Iran’s Deputy Industry, Mine, and Trade Minister Mohammad Mousavi in attendance, IRNA reported.
The Iranian official, during the meeting, elaborated on the country’s breakthroughs in the domains of new technologies, such as artificial intelligence, and the Internet of Things.
He also outlined the achievements of the Islamic Republic in the fields of blockchain, cloud computing, robotics, and medical and genetic engineering.
Mousavi described Iran’s membership in the BRICS group as a valuable opportunity to exchange experiences and facilitate industrial and commercial interactions.
The program featured a BRICS–EAEU–UNIDO roundtable devoted to the synergy of developing economies and international organizations to speed up industrial development and improve competitiveness.
Speaking at the event, Russian Minister of Industry and Trade Anton Alikhanov noted that the BRICS expansion is a reflection of the formation of a new multipolar world order.
He stressed that the countries of the association now account for almost 34 percent of the world’s territory and more than 45 percent of its population. In 2023, BRICS contributed about 36 percent to the global GDP in purchasing power parity.
Initiatives in the chemical industry, pharmaceuticals, the mining sector, intelligent manufacturing and robotics were identified among the promising areas of cooperation.
They also discussed the initiative to establish a BRICS Centre of Industrial Competence on the basis of the United Nations Industrial Development Organization (UNIDO), which is at the final stage of preparation. Alikhanov said that Russia, China and India are already ready to finance the project on creation of the BRICS Centre of Industrial Competences on the basis of UNIDO.
BRICS is a bloc of the world’s emerging economies. It was founded in 2006 by Brazil, Russia, India, and China under the name of the “BRIC” group. South Africa joined in 2010, making it “BRICS”.
BRICS seeks alternatives to existing Western-dominated world policies including those on economy, which the bloc sees as unilateral.
Iran became an official member of BRICS in January this year after the bloc invited the Islamic Republic and five more countries to join during its 15th annual summit in South Africa in August 2023.