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)
On May 15, 2025, a policy research agency of India issued an article under the title of “U.S., Global Emperor of Sanctions”. The a
May 30, 2025
On May 15, 2025, a policy research agency of India issued an article under the title of “U.S., Global Emperor of Sanctions”. The a
The Global Times in a recent article categorically rejected the Japanese notion of “threat from China”, an allegation that Japan t
May 29, 2025
The Global Times in a recent article categorically rejected the Japanese notion of “threat from China”, an allegation that Japan t
A DPRK delegation led by Jong Mu Rim, minister of Public Health, returned home on May 27 after taking part in the 78 th Assembly
May 28, 2025
A DPRK delegation led by Jong Mu Rim, minister of Public Health, returned home on May 27 after taking part in the 78 th Assembly
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
May 28, 2025
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People’s Republic of Korea, sent a
The Institute for American Studies of the Ministry of Foreign Affairs of the DPRK released a memorandum on May 26 to inform the
May 27, 2025
The Institute for American Studies of the Ministry of Foreign Affairs of the DPRK released a memorandum on May 26 to inform the
Successive incidents including a sexual assault by a U.S. soldier and falling of spare parts from a U.S. military helicopter
May 27, 2025
Successive incidents including a sexual assault by a U.S. soldier and falling of spare parts from a U.S. military helicopter
It has been 50 years since President Kim Il Sung paid a historic visit to the People’s Democratic Republic of Algeria from
May 26, 2025
It has been 50 years since President Kim Il Sung paid a historic visit to the People’s Democratic Republic of Algeria from
Officials of the Ministry of Foreign Affairs, the Ministry of External Economic Relations and the Bureau for Affairs with
May 26, 2025
Officials of the Ministry of Foreign Affairs, the Ministry of External Economic Relations and the Bureau for Affairs with
The Standing Committee of the Supreme People's Assembly (SPA) of the Democratic People's Republic of Korea (DPRK) sent a message
May 25, 2025
The Standing Committee of the Supreme People's Assembly (SPA) of the Democratic People's Republic of Korea (DPRK) sent a message
Comrade Choe Son Hui, Minister of Foreign Affairs of the Democratic People's Republic of Korea (DPRK), sent a message of greetings
May 24, 2025
Comrade Choe Son Hui, Minister of Foreign Affairs of the Democratic People's Republic of Korea (DPRK), sent a message of greetings
Comrade Choe Son Hui, Minister of Foreign Affairs of the Democratic People's Republic of Korea (DPRK), received a message of
May 24, 2025
Comrade Choe Son Hui, Minister of Foreign Affairs of the Democratic People's Republic of Korea (DPRK), received a message of
Western countries like professing to be “model states of democracy” and spend every spare moment advocating freedom and
May 23, 2025
Western countries like professing to be “model states of democracy” and spend every spare moment advocating freedom and
NATO recently released its annual report, labelling China as a “systemic challenge” and claiming that the country is rapidly expan
May 22, 2025
NATO recently released its annual report, labelling China as a “systemic challenge” and claiming that the country is rapidly expan
It’s been a year since the Central Cadres Training School of the Workers’ Party of Korea (WPK) was built magnificently in the
May 21, 2025
It’s been a year since the Central Cadres Training School of the Workers’ Party of Korea (WPK) was built magnificently in the
Amidst the warmth of spring, the DPRK is brimming over with a festive atmosphere with the third housewarming celebrations taking
May 21, 2025
Amidst the warmth of spring, the DPRK is brimming over with a festive atmosphere with the third housewarming celebrations taking
The delegation of the Democratic People’s Republic of Korea led by Comrade Jong Mu Rim, minister of Public Health, left
May 18, 2025
The delegation of the Democratic People’s Republic of Korea led by Comrade Jong Mu Rim, minister of Public Health, left
In December 2017, the 72 nd Session of the UN General Assembly designated May 16 as the “International Day of Living Together
May 16, 2025
In December 2017, the 72 nd Session of the UN General Assembly designated May 16 as the “International Day of Living Together
China recently released a video titled “Never Kneel Down!”. Released by the Chinese Foreign Ministry on its official WeChat
May 16, 2025
China recently released a video titled “Never Kneel Down!”. Released by the Chinese Foreign Ministry on its official WeChat
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea, sent a reply message
May 15, 2025
Respected Comrade Kim Jong Un , President of the State Affairs of the Democratic People's Republic of Korea, sent a reply message
President of the Russian Federation, Comrade Vladimir Vladimirovich Putin commended combat capabilities, bravery and heroism of th
May 14, 2025
President of the Russian Federation, Comrade Vladimir Vladimirovich Putin commended combat capabilities, bravery and heroism of th
More Articles