Ramaphosa, Putin agree to revisit nuclear deal issue in future

  • Ramaphosa, Putin agree to revisit nuclear deal issue in future

Ramaphosa, Putin agree to revisit nuclear deal issue in future

Speaking during a closing media briefing of the 10th Brics Leaders' Summit in Johannesburg, Ramaphosa said he had told the Russian delegation led by President Vladimir Putin that the South African economy was not in a place where it could deal with huge financial constraints.

Chinese President Xi Jinping said China is taking major steps to firmly support trade liberalization and open its market while addressing the BRICS Business Forum here on Wednesday.

"We are meeting here at a time when the multilateral trading system is facing unprecedented challenges", he said in a speech.

Asserting that the objective of the two countries should be to bring about a more just and rational worldwide order, Xi said China was willing to work with India to carry forward the impetus provided to bilateral ties through his informal summit with Modi in the central Chinese city of Wuhan in April.

Chinese President Xi Jinping attends an informal meeting to commemorate the 10th anniversary of the BRICS mechanism in Johannesburg, South Africa, July 27, 2018.

"I will not make any comments for now, it is a very delicate, sensitive issue, which needs further research and development", he told journalists at the press conference on the outcomes of the BRICS summit held in South Africa.

"India wants to work collectively along with BRICS nations in the area of the fourth Industrial Revolution and all nations must share the best practices and policies on this", Modi said.

"Unilateralism and protectionism are mounting, dealing a severe blow to multilateralism and the multilateral trading regime", Xi said at the annual summit of the BRICS emerging economies, held this year in Johannesburg.

"South Africa, and Africa more broadly, can benefit from increasing exports to fast growing countries like India and China".

The BRICS Summit is an global relations conference attended by the heads of state or heads of government of the five member states including H.E Michel Temer of the Federative Republic of Brazil, H.E Vladimir Putin of the Russia Federation, the Hon.

Sreeram Chaulia, of the Jindal School of International Affairs outside Delhi, said BRICS leaders would "concur that the U.S. has unleashed punitive trade wars that are hurting all the BRICS members".

You will see during the summit that the likes of President Xi and Prime Minister Modi run real powerhouses, not Putin.

The rapid adoption of mobile telecommunications in Africa and other parts of the developing world, for example, demonstrated how innovation can ignite sudden bursts of development, he said.

In economic terms, BRICS countries account for about 30 per cent of global gross domestic product (GDP) and these countries control some 43 percent of global foreign exchange reserves.