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Director General Li pledges UNIDO support to promote the New Industrial Revolution in BRICS
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Director General Li pledges UNIDO support to promote the New Industrial Revolution in BRICS

The United Nations Industrial Development Organization (UNIDO) Director General LI Yong reaffirmed support to the BRICS countries (Brazil, Russia, India, China and South Africa) to enable their manufacturing sectors to benefit from the New Industrial Revolution.

The Director General, speaking at the BRICS Business Forum in Xiamen , China, said “The New Industrial Revolution will transform traditional manufacturing as a result of the growth of smart technologies. UNIDO will therefore support BRICS collectively as well as individually, thereby enabling their manufacturing sectors to benefit from the New Industrial Revolution.”

Taking place on the sidelines of the Ninth BRICS Summit, the BRICS Business Forum is a platform to facilitate dialogue and consultation among business communities of the BRICS countries, and deepen trade and economic cooperation. Around the theme of “BRICS: Stronger Partnership for a Brighter Future”, this year’s Forum was addressed by the Presidents of China, Brazil and South Africa. Discussions focused on a wide range of issues, including trade and investment, connectivity, and how to prepare for the New Industrial Revolution.

“UNIDO intends to expand existing bilateral initiatives with individual BRICS countries to enhance cross-border trade and investment among BRICS countries as a group,” said Li.

The BRICS Summit and Business Forum mark the culmination of China’s chairmanship of the BRICS process in 2017. Throughout the year, UNIDO has been an active partner of the BRICS in policy dialogue mechanisms, notably during the BRICS Industry Ministers’ meeting in Hangzhou and the BRICS Trade Ministers’ meeting in Shanghai in July and August respectively. UNIDO’s valuable support was acknowledged and welcomed by the action plan and outcome statement endorsed by the ministers during the meetings.

UNIDO is supporting research activities on industry and trade related aspects within BRICS, as well as organizing workshops and match making events to increase communication and dialogue between communities. A report on e-commerce development in BRICS, prepared by UNIDO in collaboration with the International Trade Centre, was submitted during the BRICS Trade Ministers’ meeting. As part of its e-commerce activities, UNIDO is also supporting the establishment of an E-commerce Industry Alliance among small and medium-sized enterprises from BRICS and Belt and Road countries.

On the sidelines of the main meeting, the Director General exchanged views with the President of the New Development Bank (BRICS Bank), K.V. Kamath, the Chairperson of the Export-Import Bank of China, HU Xiaolian, and other senior official from BRICS countries.

 

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