NEW DELHI Nike Air Force 1 Mid 07 White Black 315123-114 UK Sale , Aug. 3 (Xinhua) -- BRICS nations have more opportunities for mutual growth and development compared to their challenges, an expert has said.
In a recent interview with Xinhua on the upcoming BRICS summit to be held in China, Varaprasad S. Dolla, a professor from Jawaharlal Nehru University Women's Nike Air Force 1 High Blue 321813-411 UK Sale , said the key objective of this summit is about "stronger partnership for a brighter future."
China, which took over the BRICS presidency this year, will host the Ninth BRICS Summit this September in Xiamen, southeast China's Fujian Province.
"Looking at the opportunities and new challenges Nike Air Force 1 Low Blue Men's 488298-414 UK Sale , I see that there are more opportunities for mutual growth and common development compared to the challenges that these countries face together," said the expert.
Commenting on some western media's skeptical attitude about the prospects of BRICS cooperation, the expert said, "No two countries are without differences."
"When you have five countries coming together Men's Nike Air Force 1 Low Green 488298-305 UK Sale , they are bound to have differences, definitely more differences. But differences can be seen as stumbling block provided the differences are addressed and then amicably a common agenda is sort," said Varaprasad.
Reviewing the accomplishments BRICS countries have achieved in the last decade, Varaprasad said Men's Nike Air Force 1 Low Black 488298-033 UK Sale , "Look at the trade where it's actually happening within the BRICS countries, it has been growing ever since they came together. Today BRICS trade is to the tune of about roughly 200 billion U.S. dollars among the BRICS countries."
Varaprasad said the future of innovation could be with the bloc.
"One suggestion ...... is that all BRICS countries state their innovation potential," said Varaprasad. "For instance, India and China gave the world a number of scientific innovations in the past."
"And if you take that into account Nike Air Force 1 HI Black Gold 386152-001 UK Sale , it is likely that these countries will actually lead the innovation-trajectory in the years to come," said the expert.
On the global economic governance, the expert said today developing countries, particularly BRICS Nike Air Force 1 Mid 07 Black 315123-001 UK Sale , are able to contribute more to global growth.
"BRICS has now emerged as the major block. Therefore it is likely that they will have a lot more than they had before to contribute to economic governance," said Varaprasad.
The highlight of this year's BRICS summit is to establish a new platform for south-south cooperation by exploring the "BRICS Plus" model involving more countries under the BRICS fold.
"As I indicated, the global economic governance architecture, if it is to become truly representative and inclusive Women's Nike Air Force 1 High Burgundy 706653-600 UK Sale , then initiatives like 'BRICS Plus' is imperative. Therefore inviting a number of countries from the south to the BRICS summit in Xiamen is to be welcomed," said Varaprasad.
When asked how BRICS countries can cooperate to promote the China-proposed Belt and Road Initiative, the expert called for more participation from companies.
"I think it is only when you allow the participation of the companies from these countries within the Belt and Road Initiative, they would also come forward because when they participate Men's Nike Air Force 1 Low 07 LE Burgundy 315122-610 UK Sale , they will bring their own competitive advantages and their own technical know-how and personnel."
Proposed by China in 2013, the Belt and Road Initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road aimed at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of the Silk Road.
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by Abu Hanifah
JAKARTA， Dec. 24 (Xinhua) -- The Association of Southeast Asian Nations (ASEAN) is now advancing its mechanisms to facilitate the creation of the ASEAN Community (AC) with several measures to address its efficacy target by 2025 already carried out in the first year since it was instituted on Dec. 31， 2015.
The three pillars that embody the ASEAN Community， comprised of the ASEAN Economic Community (AEC)， ASEAN Political and Security Community (APSC) and ASEAN Socio-Cultural Community (ASCC)， were set in an ASEAN blueprint to configure the bloc's new paradigm in the future.
The creation of the single identity supported by those pillars is assessed as being essential in dealing with the current global economic and political issues， analysts said.
They said strong cohesiveness among the ASEAN member countries would further extend the peace and prosperity that have been enjoyed by around 620 million people living in the region over the past five decades.
The creation of the ASEAN Economic Community (AEC) was originally expected to establish a single regional market and production base， turning the region into an economic-competitive area with fair economic development that is fully integrated into the global economy.
ASEAN Deputy Secretary General for AEC， Lim Hong Hin， said that 2016 saw numerous advancements towards the AEC creation， among these was the establishment of National Trade Repositories (NTRs) of all the ASEAN member states， allowing traders to get easier access and better compliance with prescribed regulations.
Facilitating the gradual liberalization of the services sector in the regional bloc towards a free flow of service was also put into effect with the signing of the Protocol to Implement the Ninth Package of Commitments under the ASEAN Framework Agreement on Services (AFAS) this year， he added.
"A legal framework that allows the elimination of substantial restriction i.