China's Xi opens BRICS summit in South Africa

Modi was meeting Putin after their informal meeting in May in the Black Sea coastal city of Sochi in Russia in May

Putin brought up the nuclear deal in his first meeting with Ramaphosa on the sidelines of the BRICS summit on Thursday afternoon. This assumes significance in the wake of the United States, under President Donald Trump, acting unilaterally on several occasions - from the Israel-Palestine issue to Iran, and withdrawing from multilateral pacts like JCPOA and TPP.

"We recognize that the multilateral trading system is facing unprecedented challenges".

He handed a list of complaints to South African Public Works Minister Thilas Nxesi, who said the BRICS forum would help attract investment and create jobs.

"A global trade war should be rejected because there will be no victor", said Xi, who oversees the world's second-largest economy, and whose nation is dominant in the BRICS bloc. The rand and the real are the worst-performing currencies of the five as Washington and Beijing fire trade-war salvos at each other. "The urgency this time is greater", he said. South Africa's Minister of Trade and Industry Dr Rob Davies said more business-to-business projects are needed to drive economic cooperation among BRICS countries.

The Associated Press reports that the BRICS Summit will find common ground in opposition to "protectionism" and the U.S.'s recent trade policies.

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The 10th BRICS Summit, which is scheduled to end on Friday, feature high-level discussions among leaders, policymakers and industry executives around the theme of enhanced partnerships to realise inclusive growth and the next phase of industrial revolution.

He says Putin was relaxed about South Africa's position on the matter. "BRICS has the strategic potential to re-shape world trade".

China will host the first China International Import Expo in Shanghai this November, which will serve as a new platform for the world to access the Chinese market, Xi said.

President Mnangagwa also expressed gratitude to observer missions deployed by various organisations including SADC and the African Union and some from countries that belong to the BRICS grouping, for responding positively to the invitation by the Zimbabwean government. The BRICS leaders will tomorrow have time to interact with African leaders during the BRICS Africa Outreach on how best they can bring about "inclusive growth" and "shared prosperity".

Turkish leader Recep Tayyip Erdogan will also attend a summit as the current chair of the Organisation of Islamic Cooperation (OIC).

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