Multipolarization of International Economic Relations Further Stepped up
Date: 07/08/2022 | Source: Ministry of Foreign Affairs (EN) | Read original version at source
Today, multipolarization of international economic relations is actively pushed forward in the international arena.
At the 14 th BRICS Summit hosted by China from June 23 to 24, the member states agreed to strengthen the expanded cooperation in overall fields including politics, security, the economy, finance, exchanges among people on the principles of improved relations and reciprocity. They also adopted and issued Beijing Declaration.
At present, BRICS member states have become strong forces as they account for 41% of the world population and 24% of the world’s GNP. Iran, Egypt, Argentina and other countries are also desirous of joining BRICS.
Concerning this, a German newspaper reported that the Western values and hegemonic stand have become the major factors in uniting the BRICS member states. It continued that the economic relations of BRICS will be continuously expanded in the future.
This shows that BRICS, a cooperational organization of emerging economic states, is playing a great role in realizing the multipolarization of international economic relations by challenging the U.S.-led unipolar economic system.
This is not all.
Meeting of Eurasian Inter-Governmental Council was recently held in Minsk participated by the government leaders of the Eurasian Economic Union (EAEU) members and the government leaders of Cuba and Uzbekistan, the observers of the EAEU.
At the conference, the basic rules for coordinating the export of individual product were set and the consensus of opinion was reached on establishing the infrastructure of “east-west” and “north-south” transportation within the Union and organizing the committees which deal with the cooperative production and localization in high-tech sectors and primary industrial sectors.
Meanwhile, practical measures were discussed at the 17 th Meeting of the Shanghai Cooperation Organization Forum to further develop cooperation in the fields of politics, security and the economy. The African Union is also taking measures to accelerate trade within the continent since the advent of the African free trade zone. These are the signs of active multipolar movement in the regions.
The reality attests to the fact that multipolarization of the international economic relations is the irresistible trend of the times and that any high-handedness, arbitrariness, threats and blackmailing of the U.S. and the West, aimed at maintaining their unipolar economic system, cannot deter the unity and cooperation of the developing countries.
More From Ministry of Foreign Affairs (EN)
Many countries have expressed concerns over the U.S. announcement on July 22 of its decision to withdraw yet again from the United
August 08, 2025
Many countries have expressed concerns over the U.S. announcement on July 22 of its decision to withdraw yet again from the United
Russia has been advancing bilateral cooperative relations with various countries. In July, the Foreign Minister of Russia met wit
August 08, 2025
Russia has been advancing bilateral cooperative relations with various countries. In July, the Foreign Minister of Russia met wit
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
August 07, 2025
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
The spokesman for the Chinese Ministry of Foreign Affairs, at a recent regular press conference, denounced the EU for sanctioning
August 06, 2025
The spokesman for the Chinese Ministry of Foreign Affairs, at a recent regular press conference, denounced the EU for sanctioning
On August 4, 2001, Moscow Declaration was signed between the Democratic People’s Republic of Korea (DPRK) and the Russian
August 04, 2025
On August 4, 2001, Moscow Declaration was signed between the Democratic People’s Republic of Korea (DPRK) and the Russian
A delegation of the Supreme People's Assembly (SPA) of the Democratic People's Republic of Korea attended the Sixth World
August 03, 2025
A delegation of the Supreme People's Assembly (SPA) of the Democratic People's Republic of Korea attended the Sixth World
A spokesperson for the Ministry of Foreign Affairs of the Democratic People's Republic of Korea gave the following answer to a
August 02, 2025
A spokesperson for the Ministry of Foreign Affairs of the Democratic People's Republic of Korea gave the following answer to a
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
August 01, 2025
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
In a recent statement, the spokesman for the Chinese foreign ministry strongly opposed the Japanese government which designated Ch
July 30, 2025
In a recent statement, the spokesman for the Chinese foreign ministry strongly opposed the Japanese government which designated Ch
Freed from the centuries-old feudalism, deprivation of political rights and social fetters, women in the DPRK are now revered as
July 30, 2025
Freed from the centuries-old feudalism, deprivation of political rights and social fetters, women in the DPRK are now revered as
Comrade Alexander Kozlov, Minister of Natural Resources and Ecology who is chairman of the Russian side of the DPRK-Russia
July 30, 2025
Comrade Alexander Kozlov, Minister of Natural Resources and Ecology who is chairman of the Russian side of the DPRK-Russia
Talks between Yun Jong Ho, minister of External Economic Relations, and Alexandr Kozlov, minister of Natural Resources and
July 29, 2025
Talks between Yun Jong Ho, minister of External Economic Relations, and Alexandr Kozlov, minister of Natural Resources and
Pak Thae Song, premier of the Cabinet of the Democratic People's Republic of Korea, met Alexandr Kozlov, minister of Natural
July 29, 2025
Pak Thae Song, premier of the Cabinet of the Democratic People's Republic of Korea, met Alexandr Kozlov, minister of Natural
Alexandr Kozlov, minister of Natural Resources and Ecology who is chairman of the Russian side to the DPRK-Russia
July 29, 2025
Alexandr Kozlov, minister of Natural Resources and Ecology who is chairman of the Russian side to the DPRK-Russia
The preparatory committee for celebrating the 72 nd anniversary of the victory in the Fatherland Liberation War gave a reception
July 28, 2025
The preparatory committee for celebrating the 72 nd anniversary of the victory in the Fatherland Liberation War gave a reception
Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
July 27, 2025
Kim Jong Un , general secretary of the Workers' Party of Korea and president of the State Affairs of the Democratic People's
Our Republic achieved a decisive victory in the 3-year-long Fatherland Liberation War – the fierce war with disparity in numbers,
July 27, 2025
Our Republic achieved a decisive victory in the 3-year-long Fatherland Liberation War – the fierce war with disparity in numbers,
July 27, 1953, is a day full of pride and glory for Korean people who achieved miraculous victory in the three-year-long
July 27, 2025
July 27, 1953, is a day full of pride and glory for Korean people who achieved miraculous victory in the three-year-long
Kim Jong Un , general secretary of the Workers’ Party of Korea and president of the State Affairs of the Democratic People’s
July 27, 2025
Kim Jong Un , general secretary of the Workers’ Party of Korea and president of the State Affairs of the Democratic People’s
As they are significantly celebrating July 27 with the great dignity and honour of being citizens of a powerful victor nation, all
July 27, 2025
As they are significantly celebrating July 27 with the great dignity and honour of being citizens of a powerful victor nation, all
More Articles