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Chinese president urges closer cooperation among BRIC nations

2010-04-16 15:42 BJT

Special Report: Hu Attends 2 Summits |

BRASILIA, April 15 (Xinhua) -- 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.

Chinese President Hu Jintao (2nd R), Brazilian President Luiz Inacio Lula da Silva (2nd L), Russian President Dmitry Medvedev (1st L) and Indian Prime Minister Manmohan Singh (1st R) shake hands during a group photo session at the second summit meeting of BRIC (Brazil, Russia, India and China) leaders in Brasilia, capital of Brazil, April 15, 2010. (Xinhua/Liu Weibing)

Chinese President Hu Jintao (2nd R), Brazilian President Luiz Inacio Lula da Silva 
(2nd L), Russian President Dmitry Medvedev (1st L) and Indian Prime Minister Manmohan
Singh (1st R) shake hands during a group photo session at the second summit meeting 
of BRIC (Brazil, Russia, India and China) leaders in Brasilia, capital of Brazil, 
April 15, 2010. (Xinhua/Liu Weibing)

"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 here.

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."