Brazilian President Lula: BRICS countries contribute greatly to global economic development and the multilateral system.

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[Brazilian President Lula: BRICS countries contribute significantly to global economic development and the multilateral system] On July 5 local time, the BRICS Business Forum opened in Rio de Janeiro, Brazil, attended by Brazilian President Lula and Vice President Geraldo Alckmin. In his opening speech, Lula emphasized the important contribution of BRICS countries to global economic development, stating that currently, 40% of global GDP is contributed by BRICS member countries, and the economic growth rate of BRICS countries is expected to reach 4% in 2024, higher than the global economic growth rate of 3.3% that year. Lula stated that with the rise of global protectionism, emerging countries should jointly defend the global multilateral trade system and reshape the international financial architecture.

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