Chinese president urges closer cooperation among BRIC nations

14:43, April 16, 2010      

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Chinese president urges closer cooperation among BRIC nations

Chinese President Hu Jintao on Thursday urged closer cooperation among the BRIC nations (Brazil, Russia, India and China), saying that China is ready to host the third BRIC summit to maintain and advance dialogue and cooperation.

"BRIC cooperation now faces both valuable opportunities and severe challenges. We should set clear objectives for cooperation among the four countries and advance the BRIC cooperation process from a strategic height," said Hu in a speech to the second-ever BRIC summit in Brasilia.

The world''s leading emerging powers gathered last June in Russia''s Yekaterinburg for the first BRIC summit.

He said BRIC nations should "base our cooperation on political mutual trust, and treat each other with sincerity, mutual respect, mutual understanding and mutual support."

"We should focus on practical cooperation and make our cooperation more dynamic through concrete actions. We should strengthen institutional building to support increased cooperation in broader areas. We should aim for mutual benefit by combining our respective strengths and sharing the fruits of cooperation to the fullest extent."

He also said BRIC nations should "view openness and transparency as the prerequisite of our cooperation and strengthen communication and exchanges to make our cooperation an open process."

The Chinese president said the international situation is now "very complex," and that the global pattern is undergoing "profound readjustment."

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