The Egyptian Businessmen Association hosts a webinar on Egypt’s accession to BRICS and economic cooperation opportunities
Yesterday, the African Egyptian Businessmen Association, headed by Dr. Yousrey El-Sharkawi, organized a virtual conference with the Commercial Representation Authority, with the participation of the head of the agency and directors of foreign offices in the new BRICS countries (UAE – Saudi Arabia – Ethiopia – Argentina and Brazil), entitled “Discussing the vision of the new BRICS countries between the business community and the Egyptian commercial representation.” “, in the context of Egypt’s accession as a member of BRICS for the year 2024. This event comes to play a vital role in exploring and discussing the challenges and opportunities that arise from this important economic alliance.
The webinar aimed to bring together experts, thinkers and government representatives from the Egyptian commercial representation in various countries to exchange ideas and experiences, and explore ways to enhance economic cooperation and investment between the two sides. A wide range of topics were discussed in the webinar with the aim of enhancing economic cooperation between the parties concerned and highlighting challenges and investment opportunities. available on the African continent and how to invest it better through cooperation with the BRICS countries and studying the current and future economic transformations on the African continent.
The conference was opened by Dr. Yousrey El-Sharkawi, Chairman of the Board of Directors of the Egyptian-African Businessmen Association, touched on the impact of Egypt’s accession to the BRICS organization in detail and depth.
During his speech, Al-Sharqawi pointed out the importance of this historic event and its expected impact on the African economy. He also highlighted the opportunities and challenges emerging from this accession, as it presents great opportunities to enhance economic cooperation and investment in the African continent.
Al-Sharqawi also addressed the expected economic and social impact of Egypt’s accession to BRICS, noting the importance of analyzing and evaluating these economic transformations. He also touched on the role of innovation and entrepreneurship in promoting economic development on the African continent, and urged the exchange of experiences and successful practices in this field with the BRICS countries.
Mr. Yahya Al-Wathiq Billah, First Undersecretary of the Ministry and Head of the Egyptian Trade Representation, spoke, explaining that BRICS is a group of large and emerging economies, and this means that it has a significant impact on the global economy. BRICS can contribute to enhancing global economic stability, and it can also play a role in Improving international trade and encouraging sustainable development, as he said that it is an important step to exchange experiences and benefit from all information, and that it is important to break Western hegemony, which constitutes 50% of the world’s economy, and suggested that trade and investment, with increased exchange, plays an important role to benefit from investment opportunities, enhance cooperation, and pay attention to infrastructure and energy transfer. Technology, innovation and the benefit of African countries, and this of course helps to develop culture, education and health.
The speech of Mr. Fadel Yaqoub, Minister of Trade Plenipotentiary and Head of the Trade Office in Addis Ababa, focused on the great importance for Ethiopia, as it is considered an attempt to achieve greater balance in the international system, as these countries seek to enhance their influence in global decision-making and get rid of the sole hegemony of some Western countries. Therefore, It can be said that BRICS carries great importance in determining the paths of the global economy and shaping the future of international relations. The speech was important for those interested in economics and sustainable development, as it provided an in-depth look at the role of information and communications technology and enhancing data exchange in this context.
Mr. Osama Pasha, Minister of Trade Plenipotentiary and Head of the Commercial Office, indicated that Saudi Arabia is seeking to join the BRICS grouping, and that Saudi Arabia considers it to be an economic opportunity with a political dimension, and that the Saudi government is conducting its studies to benefit from BRICS in accordance with its internal policies, and that Saudi Arabia believes that the BRICS grouping helps it invest with… China and India will witness an economic transformation by 2023.
During his lecture, Mr. Ashraf Hamdy, Minister of Trade Plenipotentiary and Head of the Commercial Office in Dubai, said that BRICS seeks to achieve common positions in international forums, which makes its voice more powerful. He also pointed out that the economic bloc is a major economic force, as it plays an important role in shaping the global dynamics of markets. . This economic trend has a strong impact in a variety of areas. Permanent membership in the global emerging economies group is a historic event and a strategic success in the context of trade policy and international expansion with bloc countries.
Finally, Mrs. Nashwa Ahmed, Commercial Advisor and Head of the Commercial Office in San Paolo, explained that BRICS will be the food gateway to the whole world. She explained in her summary the great importance of the role of the Egyptian-African Businessmen Association in enhancing communication between businessmen in Egypt and African countries. He stressed the importance of these international meetings and events to build bridges of cooperation and enhance economic exchange between Egypt and its African partners.
She pointed out that these efforts seek to reach the African street more, and build strong trade and economic relations that enhance sustainable development on the African continent and enhance cooperation between peoples.
At the conclusion of this important webinar on Egypt’s accession to the BRICS and economic cooperation opportunities in Africa, we reiterate the importance of this historical event and the economic transformation that it will bring with it, as Egypt’s accession to the BRICS represents a new beginning and an amazing investment opportunity, and we look forward to its effective participation in this alliance. Global economic.