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BRICS Foreign Ministers call for ‘rebalancing’ of global order 

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Foreign ministers of Brazil, Russia, India, China and South Africa currently meeting in Cape Town ahead of the BRICS Summit have called for a “rebalancing” of the global order.

India’s Foreign Minister, Subrahmanyam Jaishankar said during opening remarks, “Our gathering must send out a strong message that the world is multipolar, that it is rebalancing and that old ways cannot address new situations.”

A video of Russian Foreign Affairs Minister, Sergey Lavrov at the conference also surfaced yesterday, while speaking about the changes in the international system which makes the pursuit of national interest attainable for all in the system.

“A more just, polycentric international order is taking shape,” Lavrov said.

The host, South Africa, has been under pressure to arrest Russian President, Vladimir Putin during an expected visit to the summit in August following a ruling by the International Criminal Court for his arrest.

United States ambassador, Reuben Brigety last month also accused South Africa of supplying Russia with arms in December in the ongoing Russia/Ukraine war.

Meanwhile, Pretoria has maintained that it is neutral over the war, but is accused by critics of tilting towards the Kremlin, and has long advocated for BRICS to act as a counterbalance to a Western-dominated international order.

“Our vision of BRICS is for our partnership to provide global leadership in a world fractured by competition, geopolitical tension, inequality, and deteriorating global security,” South African Foreign Minister Naledi Pandor told the meeting.

“Our discussions today will therefore focus on opportunities… strengthening and transforming global governance systems”.

Meanwhile, South African opposition parties are divided over the country’s continued relations with Russia and the supposed welcoming gesture ahead of Putin’s visit. While Democratic Alliance (DA) disagrees with the stance and has initiated a suit against it, the EFF movement has insisted that “Putin is welcomed.

Musings From Abroad

Brazilian meatpacker JBS invests $2.5 billion in Nigeria, builds six facilities

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Brazilian meatpacker JBS says it has inked a memorandum of understanding with the Nigerian government for a $2.5 billion investment plan that will include the construction of six new plants in the African nation.

Three of the plants would deal in poultry, two in beef, and one in pork, according to a statement from JBS.

In accordance with the memorandum of understanding, JBS stated that it would develop a five-year investment plan in Nigeria, which would include budget estimates, feasibility studies, and an action plan for the development of the local supply chain.

The Nigerian government would then guarantee the sanitary, regulatory, and economic conditions required for the project’s viability, JBS continued.

 

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Musings From Abroad

China’s Xi meets with Morocco’s Crown Prince

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Morocco’s official media reports that Chinese President, Xi Jinping, visited Morocco briefly on Thursday.

According to Morocco’s MAP, Crown Prince Moulay El Hassan welcomed Xi in Casablanca. The visit demonstrated the close ties of camaraderie, collaboration, and solidarity between the Moroccan and Chinese peoples, it said.

China’s official broadcaster, CCTV, said that Xi and Hassan had a “cordial conversation” at the airport after being received by the Crown Prince and Moroccan Prime Minister Aziz Akhannouch.

After attending the G20 Summit in Brazil, Xi paid the visit.

In recent years, China has increased its investments in Morocco’s rail and infrastructure. Morocco is desirable for Chinese electric car battery manufacturers because of its proximity to Europe, free trade agreements with important EU and US markets, and an established automotive sector.

Morocco was chosen by Chinese EV battery company Gotion High Tech in June to establish Africa’s first gigafactory, which will cost $1.3 billion in total.

 

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