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Putin will participate in a fifth BRICS summit due in Durban on March 26-27

March 19, 2013, 11:20 UTC+3
He will visit South Africa at the invitation of country’s President Jacob Zuma
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MOSCOW, March 19 (Itar-Tass) – Russian President Vladimir Putin will visit the South African Republic on March 26, the Kremlin press service reported on Tuesday.

Putin will visit South Africa at the invitation of country’s President Jacob Zuma. “At upcoming negotiations the presidents are expected to discuss the development of trade and economic, humanitarian cooperation, the implementation of the projects in different spheres, including the energy industry. Several bilateral documents are planned to sign upon the results of the visit,” the Kremlin press service said.

Putin will participate in a fifth BRICS summit due in Durban, South Africa, on March 26-27.

The first summit of the union was held at the Russian initiative in Yekaterinburg in 2009.

“At an upcoming summit the leaders of Brazil, Russia, India, China and South Africa will discuss the topical problems of world economy, international and regional security and the ways to reform the global management system,” the Kremlin press service reported. The leaders of the BRICS states “will focus on the capabilities of development of economic cooperation between the BRICS partners,” the Kremlin press service said.

The leaders of the BRICS states will also hold a meeting with the leadership of the African Union, the New Partnership for Africa’s Development (NEPAD), sub-regional integration unions, which work in Africa.

A BRICS Business Council is to be held for the first time at a forthcoming BRICS summit.

“The idea to create this mechanism was put forward by Russia at the BRICS summit in the Chinese city Sanya in 2011,” the Kremlin press service reported.

 

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