The cooperation among BRICS countries is called: South-South cooperation.
South-South cooperation, that is, economic and technical cooperation among developing countries (because most of the developing countries are located in the southern hemisphere and the southern part of the northern hemisphere, economic and technical cooperation among developing countries is called " "South-South Cooperation") is an indispensable and important component of international multilateral cooperation that promotes development.
South-South cooperation is an important channel for developing countries to become self-reliant and seek progress. It is also an effective means to ensure that developing countries can effectively integrate and participate in the world economy. South-South cooperation is cooperation between developing countries based on their common historical experiences and common tasks they face after independence.
South-South cooperation aims to promote the ability of developing countries to disseminate knowledge or experience in all fields of human activities and share with each other. The main content includes promoting technical cooperation and economic cooperation among developing countries. , and is committed to strengthening exchanges and cooperation in infrastructure construction, energy and environment, development of small and medium-sized enterprises, human resources development, health education and other industrial fields.
Forms of South-South Cooperation
1. Regional Economic Cooperation
Tariff reduction and exemption among member countries, self-testing of commodity circulation, unification of external tariffs and implementation of ***Same market.
2. Trade cooperation
The multinational group of 70 countries is establishing the Global Trade Preference System for Developing Countries, establishing the Trade Organization among Developing Countries, and establishing the Golden Country Sales Enterprise of Developing Countries. A lot of work went into it.
3. Monetary and financial cooperation
For example, the Andean Development Association, the Central Bank of West African Countries, etc., they provide loans and assistance to their member countries, and Arab countries and some monetary and financial organizations provide assistance to developing countries. The state provides low-interest or preferential loans, which are characterized by low interest rates, long cycles, and no political or economic conditions attached.
4. Technical cooperation
For example, mutual transfer of technology, sale of patents, technical consultation and training, exchange of technical information, etc., as well as provision of technical services and labor through joint ventures in developing countries. and other ways to develop mutually beneficial technical cooperation.
Reference for the above content: Baidu Encyclopedia-South-South Cooperation