SA Coat of Arms 4.jpg

Media Statement, 7 July 2015

 

 

President Zuma Leads Delegation to the

 

Seventh BRICS Summit

 

in the Russian Federation

 

 

His Excellency President Jacob Zuma has arrived in Ufa, where he is leading
the South African delegation to the VII (Seventh) BRICS Summit which will be
hosted by the President of the Russian Federation, His Excellency Vladimir
Putin, from 08 to 09 July 2015. The theme for the VII Summit is: "BRICS
Partnership - a Powerful Factor of Global Development".

 

A number of meetings are being held in the run-up to the Summit.  These
include:

 

.         The BRICS Business Council and its Working Groups will meet in
Moscow on 06 July 2015 and then proceed to Ufa for a meeting with the BRICS
Leaders on 09 July 2015.

.         The BRICS Ministers of Finance and Central Bank Governors will
meet in Moscow prior to the Summit on 07 July 2015;

.         The first meeting of the BRICS Board of Governors of the New
Development Bank will also take place in Moscow, on 07 July 2015;

*       The BRICS Ministers of Trade and Industry will meet in Moscow on 07
July 2015;

 

It is expected that, during the Summit, the Leaders will also receive
feedback following their meeting on the margins of the G20 Summit in
Brisbane on 15 November 2014, at which they asked their Finance Ministers to
designate the President and Vice-Presidents of the New Development Bank, in
advance of the next Summit. 

 

Ufa BRICS sign.jpg

 

The Leaders also tasked the Finance Ministers and Central Bank Governors
with ensuring that, by this Summit, the Contingent Reserve Arrangement (CRA)
Working Group concludes the procedural rules and operational guidelines of
the Governing Council and Standing Committee of the CRA, and to conclude an
Inter-Central Bank Agreement.

 

The Leaders will also be informed of the status of ratification process
within each BRICS Country of the New Development Bank (NDB) Agreement and
CRA Treaty. 

 

On 17 June 2015 and 18 June 2015 respectively, our National Assembly and the
National Council of Provinces ratified the Agreement and Treaty and
necessary Instruments of Ratification and Acceptance have also been signed.

 

The first meeting of the Board of Governors of the New Development Bank will
take place in Moscow today, 07 July 2015, prior to the VII BRICS Summit, and
the Board is expected to report to the BRICS Leaders on the steps taken to
operationalise the Bank.

 

The Leaders are also expected to adopt the key Summit outcome documents,
namely the Ufa Declaration and the Ufa Action Plan, which will reflect the
views of BRICS member states on a number of international issues, and the
Action Plan will spell out the areas of cooperation and meetings which will
be held during the chairpersonship of the Russian Federation. 

 

The Leaders will also witness the signing of various agreements which
indicate a deepening of the BRICS relationship.

 

In keeping with the tradition of an "outreach meeting" initiated by South
Africa when it hosted the Fifth BRICS Summit, and continued by Brazil at the
Sixth Summit, President Putin has arranged a meeting between the BRICS
Leaders and the Leaders of the Shanghai Cooperation Organization (SCO),
Eurasian Economic Union (EEU) and other invited Leaders.

 

This outreach meeting is with eleven leaders from the Shanghai Cooperation
Organisation (SCO- i.e. permanent members inclusive of BRICS members and the
following: China, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and
observers, which are Afghanistan, Iran, Mongolia and Pakistan) and Eurasian
Economic Union (EEU- Russia, Belarus, Kazakhstan, Armenia) and other invited
states (the Leaders of Turkmenistan and Azerbaijan). This outreach will take
place on 09 July 2015.

 

President Zuma will be accompanied by the Minister of International
Relations and Cooperation, Ms Maite Nkoana-Mashabane; Minister of Defence
and Military Veterans, Ms Nosiviwe Mapisa-Nqakula; Minister of Arts and
Culture, Mr Nathi Mthethwa; Minister of Energy, Ms Tina Joemat-Pettersson;
Minister of Finance, Mr Nhlanhla Nene and Minister of State Security, Mr
David Mahlobo.

 

 

Issued by:

The Presidency, Pretoria

 

Enquiries:

Bongani Majola, 082 339 1993 or

Harold Maloka, 082 847 9799

or  <mailto:[email protected]> [email protected]

or  <mailto:[email protected]> [email protected]  

 

 

 <http://www.thepresidency.gov.za/> www.thepresidency.gov.za 

 <http://www.operationphakisa.gov.za/> www.operationphakisa.gov.za

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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