BEIJING, July 1 (MENA) - Over the years, the BRICS mechanism has evolved from an initial economic concept into a platform for comprehensive cooperation, Researcher at the BRICS Research Center of the University of International Business and Economics (UIBE) Xie Hongjun was quoted by TV BRICS as saying.

The expert emphasized that he has high hopes for the upcoming BRICS summit in Brazil, as it is the first meeting of the leaders of the expanded group of countries, according to Xie.

The summit will bring new content to key areas of cooperation in the trade and economic sphere.

"Firstly, it is the creation of a committee to promote trade among BRICS countries with the aim of unifying certification processes and customs procedures, which will facilitate trade between the countries of the group, sustainable development and business innovation. Secondly, it is the strengthening of the mechanism for technology exchange within BRICS to promote cooperation between member countries in areas such as new energy, artificial intelligence and sustainable development," said Xie Hongjun.

He expressed the opinion that three main topics will be addressed at the summit: deepening trade and economic cooperation, reforming global governance, and jointly addressing global challenges through the institutional development of BRICS. According to the expert, the focus will be on achieving progress in mutual settlements in national currencies, supply chain coordination and digital trade.

The meeting of the heads of state and government of the BRICS countries will take place in Rio de Janeiro on 6–7 July and will be the main event of Brazil's presidency of the association. (MENA)

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