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Russia to sign BRICS pact on science and innovation
March 22, 2015, 7:57 am

The BRICS Bank launched last year will fund infrastructure projects in Brazil, Russia, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF [GCIS]

The BRICS Bank launched last year will fund infrastructure projects in Brazil, Russia, India, China and South Africa, and challenge the dominance of the Western-led World Bank and the IMF [GCIS]

Russia is ready to ratify a science, innovation and technology cooperation pact prepared by the five BRICS nations, said a Russian government statement on Sunday.

“Russia jointly with its BRICS partners has prepared a draft Memorandum on Cooperation in Science, Technology and Innovations Between the Governments of the Federal Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the South African Republic,” said the statement. The next BRICS Summit will be held in the Russian city of Ufa on July 9-10 this year.

BRICS countries, led by China, are looking to offer incentives to nudge domestic companies to shift from low-value, low-cost manufacturing to fostering innovation.

The power bloc is aiming to step up coordination in “food supply security, sustainable agriculture, climate change, renewable energy, space, aeronautics, astronomy and space-based Earth observation, medical science and biotechnology; high-tech zones, science parks and incubators; technology transfer”.

“The institutional basis for cooperation will be meetings of ministers of science, technology and innovation, meetings of senior officials in science, technology and innovation, and a working group on science, technology and innovation of BRICS member-states,” added the statement.

Chinese telecom giant Huawei Technologies became the world’s No. 1 applicant for international patents in 2014, a United Nations agency said Thursday, underscoring the innovative strides made by Chinese technology companies.

The World Intellectual Property Organization (WIPO) said China was the only country to see double-digit growth in its filings.

The Science & Technology Ministers Conference of Brazil, Russia, India, China and South Africa (BRICS) was held in Brazil this week.

The five countries have established five thematic working areas, with each BRICS member providing leadership in one of them.

South Africa is to take the lead in astronomy, while Brazil will lead in the area of climate change and natural disaster mitigation, Russia in water resources and pollution treatment, India in geospatial technology and its applications, and China in new and renewable energy efficiency.

Russian President Vladimir Putin has already signed the ratification of a law that sanctions Russian participation in the $100 billion BRICS Bank.

The BRICS bank, Putin has said, “will become one of the largest multilateral financial development institutions in the world”.

“The bank and the Currency Pool, with combined resources of 200 billion dollars, lay the foundation for coordinating a macroeconomic policy between our nations,” Putin said during the 6th BRICS Summit in Brazil.



5 Responses to Russia to sign BRICS pact on science and innovation

  1. Artioli Demetrio Reply

    March 22, 2015 at 2:54 pm

    I am working by 35 years in security solutions Hight Level.
    Industrial systems for airport, port, Custom, public building, military site, ecc.

    Another line of job is water potable.

    I am very interested in this international Agreement and partecipate in this cooperation.

    I have already now by 10 years a company in Brasil in Florianópolis.

    Best Regards Demetrio Artioli

  2. Tatter Reply

    March 23, 2015 at 9:18 pm

    I love the photo! It’s almost correct… only most of the hands should be in China’s (and a lessor degree: Brazil’s) back pockets! That would be the ‘real’ state of affairs!

  3. Dragan Reply

    March 25, 2015 at 7:26 pm

    Tatter – U R typical american-like expecting that everybody is a dirty liar – sorry to disappoint – most of glob population are ordinary people and they like BRICS every day more and more

  4. Raahul Reply

    March 30, 2015 at 11:56 am

    I’m still unclear as to what actual concrete proposals will be followed through as a result. Will the other BRICS’s collaborate on the Square Kilometer Array in South Africa?

    How do these vague areas translate into actual research on the ground?

  5. ckling1234 Reply

    April 1, 2015 at 10:56 am

    BRICS is the ONLY ALTERNATIVE TO US imperialism & hegemonic dollar destructive policies towards 3rd world nations !With IMF /WBank !Thank you BRICS! !!

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