Egyptian Deputy Foreign Minister and head of the country’s delegation in BRICS, Ambassador Ragui Al-Etrebi, accompanied by Egypt’s Ambassador to Russia Nazih El-Nagari, participated in the BRICS member states meeting held in the Russian capital, Moscow, on Wednesday.
According to an official statement by the Egyptian Ministry of Foreign Affairs, Egypt called for strengthening cooperation and coordination among member states.
Egypt is participating in this meeting for the first time as a full member, according to Al-Etrebi, who noted that this meeting is the first in a series of meetings and events organised by the Russian chairmanship of BRICS during 2024 to discuss cooperation in various fields.
He added that this meeting comes after the founding countries of BRICS invited several nations to become members of the group, including Egypt, the UAE, Iran, and Ethiopia.
Furthermore, Al-Etrebi stressed that Egypt’s membership aligns with its strategic role and contributions to promoting peace and development,
regionally and internationally.
He also pointed out the many opportunities provided by the Egyptian economy to attract investments from BRICS countries and advance mutual trade exchange, noting that as a member of the BRICS, Egypt focuses on advancing industrial transformation efforts and enhancing cooperation in the fields of energy, food security, technology transfer, and logistics.
Moreover, Al-Etrebi said that during the meeting, the Russian chairmanship of the BRICS reviewed the main features of the action plan it prepared for the current year, leading up to the 16th BRICS summit, scheduled to be held in October 2024 in Kazan in Russia.
He also pointed out that Egypt’s vision for enhancing cooperation and coordination among BRICS countries received massive support.
According to Al-Etrebi, Egypt’s vision focused on supporting coordination mechanisms to reform the global economic system and increasing the representation of developing countries in international financial and monetary frameworks.
Furthe
rmore, Egypt advocated for strengthening the ties between BRICS countries and the African continent, establishing institutional links among the bodies concerned with investment in BRICS countries, and working to develop payment systems between the group’s countries in national currencies.
Russia became the chairmanship of the BRICS group in January 2024. During its 15th summit in South Africa in August 2023, the group expanded its membership to include ten countries.
Source: State Information Service Egypt