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Industrial Cooperation of the BRICS Countries:
New Opportunities for Growth

Declaration of the BRICS Industry Ministers
Moscow, Russia, October 20, 2015

We, the Ministers of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa, in charge of matters of Industry, have met in Moscow, Russia on October 20,2015.

Taking into consideration the global economic situation and the increased volatility in global markets, that are affecting the structure of the world economy and creating new challenges,

Reiterating the commitment towards achieving the objectives of the 2030 Agenda for Sustainable Development, particularly the Sustainable Development Goal 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation,

Reaffirming the importance of the implementation of the agreements resulting from the 7th BRICS summit, that took place in Ufa on 8-9 July 2015, on the need to increase bilateral and multilateral cooperation between the BRICS countries in all sectors of industry, as well as the practical realization of the goals and objectives outlined in the Strategy for BRICS Economic Partnership,

Recognising the need to develop and strengthen the industrial sector for accelerated economic growth, job creation, and improving the quality of life of our countries' populations,

Emphasising the importance of the BRICS Industry Ministers meeting to strengthen business contacts of our countries and our relations moving to a qualitatively new level through the implementation of specific initiatives and projects in various fields,

Agreeing that it is necessary to define key areas and joint steps to expand cooperation in the industrial sector

Declare our common determination:

The Ministers of the Federative Republic of Brazil, the People's Republic of China, the Republic of India and the Republic of South Africa, in charge of matters of Industry, expressed their sincere appreciation to Mr. D. Manturov, Minister of Industry and Trade of the Russian Federation, for initiating and conducting the first ministerial meeting under the chairmanship of the Russian Federation in BRICS, as well as for the hospitality extended to the participants. 

Source: Russian Presidency of the 2015 Ufa Summit

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