(Photo: Quartz)The summit, under the theme “BRICS in Africa: Collaboration for Inclusive Growth and Sharred Prosperity in the Fourth Industrial Revolution”, was attended by over 400 representatives from the business communities of Brazil, Russia, India, China and South Africa, as well as representatives from strategic partners such as New Development Bank. The event featured remarks by leaders Xi Jinping (China), Vladimir Putin (Russia), Narendra Modi (India), and Michel Temer (Brazil). A number of trade and cooperation agreements are expected to be signed on the sidelines of the BRICS summit. Earlier, South African Minister of Trade and Industry Rob Davies said on July 24th that delegates would deliberate on strategic economic matters affecting the future of BRICS at the event. "The Business Forum will deliberate on the current global political economy and its implications for BRICS member countries, the implications of the 4th Industrial Revolution on inclusive growth and … [Read more...] about 10th BRICS Summit opens in South Africa
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China, South Africa call for trade cooperation at BRICS summit
China and South Africa urged fellow BRICS governments on Wednesday to fight protectionism and promote multilateral global trade in the face of tariff threats by U.S. President Donald Trump that threaten global trade. President Xi Jinping addresses the BRICS Business Forum held in Johannesburg on Wednesday - Photo: Xinhua Trump’s warnings have given Brazil, Russia, India, China and South Africa fresh impetus to enhance trade cooperation, and officials at a three-day summit that kicked off in Johannesburg on Wednesday found a collective voice championing global trade. The meeting of presidents from the trade bloc is the first since Trump’s administration launched a push to rebalance trade multilateralism that Trump has deemed unfair, relationships which the United States once championed. “It is our sincere obligation to showcase our commitment towards the multilateral trading system, to safeguard the existence of the WTO (World Trade Organisation) and also … [Read more...] about China, South Africa call for trade cooperation at BRICS summit
Asia South East-Short Film Festival hits HCMC
Asia South East-Short Film Festival hits HCMC The Asia South East-Short Film Festival taking place at The Hive in HCMC’s District 2 attracts a large audience - PHOTO: COURTESY OF THE ORGANIZER The Asia South East-Short Film Festival was held at The Hive co-working space in HCMC’s District 2 last weekend, giving audience a chance to watch a wide variety of great short films that are produced from around the world. The festival was curated by Rod Fraser, who is also the festival director of two other international film festivals that take place in the UK including London-X4 Seasonal Short Film Festival and London-Worldwide Comedy Short Film Festival. During the two-day festival, the organizer screened all genres, from drama to action, horror, documentary, comedy and animation. Particularly, there were comedies from India, Korea and Japan, horror films from America and China, music videos from Vietnam and South Africa, documentaries from Myanmar and Canada, poetic … [Read more...] about Asia South East-Short Film Festival hits HCMC
Vietnam, India eye greater trade in paper products
K Srikar Reddy, the Indian consul general in the city, said bilateral trade had grown more than 60 fold in the last two decades to 10.13 billion USD in 2016-17, noting that India is now among the top 10 trading partners of Vietnam.However, India exported paper worth 38.17 million USD to Vietnam last year, only 3.26 percent of its global exports, he said.India imported paper worth 2.7 billion USD, with just 7.78 million USD from Vietnam, he said.There is thus much scope to promote bilateral investment and trade ties in the sector, he added.Hoang Trung Son, vice chairman of the Vietnam Pulp and Paper Association, said the paper industry has seen outstanding growth of 11 percent a year and can meet 64 percent of demand.Last year Vietnam imported around two million tonnes of paper at 1.7 billion USD, mainly from Asian economies such as China, Taiwan, Indonesia, the Republic of Korea, and Japan.According to Son, Vietnam has started importing paper from India with the volume increasing year … [Read more...] about Vietnam, India eye greater trade in paper products
VN, India eye greater trade in paper products
Trade in paper between Viet Nam and India is quite low and there is significant potential for growth, a meeting between Indian and Vietnamese paper companies heard in HCM City on February 9. K Srikar Reddy, the Indian consul general in the city, said bilateral trade had grown more than 60 fold in the last two decades to US$10.13 billion in 2016-17. “India is among the top 10 trading partners of Viet Nam.” India exported paper worth $38.17 million to Viet Nam last year, only 3.26 per cent of its global exports, he said. It imported paper worth $2.7 billion, but only $7.78 million from Viet Nam, he said. There is thus much scope to promote bilateral investment and trade ties in the sector, he added. Hoang Trung Son, vice chairman of the Viet Nam Pulp and Paper Association, said the paper industry has seen outstanding growth of 11 per cent a year and can meet 64 per cent of demand. Last year Viet Nam imported around two million tonnes of paper at $1.7 billion, mainly from … [Read more...] about VN, India eye greater trade in paper products