Forwarded from Roscongress Direct
🎥🌏The XXIII International Film Debut Festival "Spirit of Fire" has concluded in Khanty-Mansiysk — the largest platform in Russia for the cinematic debuts of emerging directors from different countries.
Key highlights:
🔹 47 films from Russia and abroad, including from North and South America, Europe, Asia, and the Middle East, were presented in the competition programs;
🔹 The prize and a cash award of 800,000 rubles from the Roscongress Foundation in the "Soul of Russia. World Cinema" category was awarded to the Kazakh film Citizens of the Roof by director Gulshat Smagulova;
🔹 Over 45 speakers participated in the business and educational program events, with more than 200 participants in the film forum, including members of 20 foreign delegations from China, Cuba, India, Indonesia, South Africa, Belarus, Uzbekistan, and other countries;
🔹 A film dialogue "Russia – China" was held, discussing the prospects of collaboration between two countries in film production, the formation of film clusters in BRICS countries, and more.
emphasized Anton Kobyakov, advisor to the President of Russia.
@RoscongressDirect
Key highlights:
🔹 47 films from Russia and abroad, including from North and South America, Europe, Asia, and the Middle East, were presented in the competition programs;
🔹 The prize and a cash award of 800,000 rubles from the Roscongress Foundation in the "Soul of Russia. World Cinema" category was awarded to the Kazakh film Citizens of the Roof by director Gulshat Smagulova;
🔹 Over 45 speakers participated in the business and educational program events, with more than 200 participants in the film forum, including members of 20 foreign delegations from China, Cuba, India, Indonesia, South Africa, Belarus, Uzbekistan, and other countries;
🔹 A film dialogue "Russia – China" was held, discussing the prospects of collaboration between two countries in film production, the formation of film clusters in BRICS countries, and more.
"The business program of the festival was aimed at creating conditions for the implementation of new social and humanitarian international projects — such cooperation fosters the development of a new model of international relations in a multipolar world,"
emphasized Anton Kobyakov, advisor to the President of Russia.
@RoscongressDirect
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Lukashenko: Belarus will always be on Russia's side
Belarus will always stand by Russia, if it ever faces a choice, Belarusian President Alexander Lukashenko stated.
#NEWS #Belarus #RussiaBelarus
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Belarus will always stand by Russia, if it ever faces a choice, Belarusian President Alexander Lukashenko stated.
"We are committed to comprehensive cooperation with the #CIS, #SCO, and #BRICS countries. We need to engage in trade with nations in Asia, Africa, and Latin America. While we desire good relations with neighbouring Europe and the United States, our primary focus has always been and will continue to be our special and close relationship with you, with Russia," he told Russia’s Federation Council.
"If we must make a choice, we will always stand with our Russia," the Belarusian leader emphasised.
#NEWS #Belarus #RussiaBelarus
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TASS
Belarus will always be on Russia's side — Lukashenko
"If we must make a choice, we will always stand with our Russia," the Belarusian leader emphasized
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China, Russia, Iran to enhance coordination within international organisations
China, Russia, and Iran have reached an agreement to enhance coordination within BRICS and Shanghai Cooperation Organisation (SCO), the diplomats from the three countries announced in a statement following their meeting in Beijing on the Iranian nuclear issue.
The Beijing Meeting was chaired by deputy foreign minister Ma Zhaoxu of the People's Republic of China, with participation of deputy foreign minister Sergey Ryabkov of the Russian Federation and deputy foreign minister Kazem Gharibabadi of the Islamic Republic of Iran.
#NEWS #China #Russia #Iran #diplomacy
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China, Russia, and Iran have reached an agreement to enhance coordination within BRICS and Shanghai Cooperation Organisation (SCO), the diplomats from the three countries announced in a statement following their meeting in Beijing on the Iranian nuclear issue.
"The parties agreed to support and strengthen coordination on multilateral platforms and within international organisations such as #BRICS and the #SCO," Chinese deputy foreign minister Ma Zhaoxu stated at a press conference.
The Beijing Meeting was chaired by deputy foreign minister Ma Zhaoxu of the People's Republic of China, with participation of deputy foreign minister Sergey Ryabkov of the Russian Federation and deputy foreign minister Kazem Gharibabadi of the Islamic Republic of Iran.
#NEWS #China #Russia #Iran #diplomacy
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China Daily
Full text: Joint Statement of the Beijing Meeting between China, Russia and Iran
BEIJING -- China, Russia and Iran on Friday issued a joint statement of the Beijing meeting.
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Forwarded from RT News
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‘This new world that’s coming about…multipolar, polycentric, a world with mutual respect & cooperation’ – Maduro reflects on the BRICS Summit in Kazan
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Russia and Venezuela aim for closer cooperation within OPEC+
Moscow and Caracas are planning to enhance their active collaboration within the OPEC+ framework to stabilise the energy market, as stated by Russian Foreign Minister Sergey Lavrov.
Lavrov highlighted that both countries have developed a practice of mutual support in the World Organisation. Even when deprived of voting rights due to Western sanctions, they advocate for significant Russian initiatives.
The minister underscored Russia's appreciation for Venezuela's interest in enhancing its cooperation with #BRICS, describing it as "a bloc that serves as a conduit for the interests of the countries of the global South and East, and one of the supporting pillars of the multipolar world order."
#NEWS #Venezuela #RussiaVenezuela #diplomacy #energy
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Moscow and Caracas are planning to enhance their active collaboration within the OPEC+ framework to stabilise the energy market, as stated by Russian Foreign Minister Sergey Lavrov.
"We attach great importance to deepening cooperation to stabilise the global energy market, including within the #OPEC+ format and the Gas Exporting Countries Forum," Lavrov stated.
Lavrov highlighted that both countries have developed a practice of mutual support in the World Organisation. Even when deprived of voting rights due to Western sanctions, they advocate for significant Russian initiatives.
The minister underscored Russia's appreciation for Venezuela's interest in enhancing its cooperation with #BRICS, describing it as "a bloc that serves as a conduit for the interests of the countries of the global South and East, and one of the supporting pillars of the multipolar world order."
#NEWS #Venezuela #RussiaVenezuela #diplomacy #energy
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TASS
Russia, Venezuela to work within OPEC+ to stabilize energy market — Lavrov
The Russian foreign minister also noted that the countries have established a practice of mutual support in the World Organization: partners, even being deprived of the right to vote due to Western sanctions, speak out in favor of key Russian initiatives
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Forwarded from Roscongress Direct
Jakarta to host Russia–Indonesia Business Forum
🗓14-15 April
📍The forum will take place on the sidelines of the 13th meeting of the Russian-Indonesian Joint Commission on Trade, Economic, and Technical Cooperation.
said Anton Kobyakov, Adviser to the Russian President.
The co-organizers of the Forum are the Roscongress Foundation under the Roscongress International brand and the Indonesian Chamber of Commerce and Industry (KADIN).
Russian Export Center CEO Veronika Nikishina said.
Read more.
@RoscongressDirect
🗓14-15 April
📍The forum will take place on the sidelines of the 13th meeting of the Russian-Indonesian Joint Commission on Trade, Economic, and Technical Cooperation.
"This year, we are celebrating the 75th anniversary of the establishment of diplomatic relations between our countries, and we are also accepting Indonesia into BRICS, which is evidence of the dynamic development of cooperation between our countries. The Russian-Indonesian business dialogue has every chance of attaining a new level. Moreover, we are on the verge of signing an agreement on a free trade zone between the Eurasian Economic Union and Indonesia",
said Anton Kobyakov, Adviser to the Russian President.
The co-organizers of the Forum are the Roscongress Foundation under the Roscongress International brand and the Indonesian Chamber of Commerce and Industry (KADIN).
“Indonesia is a promising destination for Russian exports. It is the main economy of Southeast Asia, and the country’s accession to BRICS further strengthens its position on the world stage. Now is the time for Russian businesses to enter the Indonesian market, using all available tools and opportunities. In Jakarta, with the support of the Russian Export Center, companies will present a wide range of products and solutions: from food products to information technologies,”
Russian Export Center CEO Veronika Nikishina said.
Read more.
@RoscongressDirect
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Forwarded from Sputnik Africa
🇮🇷🇺🇸 Iran-US nuclear talks: Washington "would have to respect Iran's sovereignty and interests rather than trying to bully it," says an expert
🗣 “Iran's willingness to negotiate on the nuclear issue may be a starting point for dialogue, what I may refer to as testing the waters,” Dr. Darlington Ngoni Mahuku, a lecturer in the Department of Peace and Governance at Bindura University of Science Education, Zimbabwe, told Sputnik Africa, noting that significant challenges remain.
Dr. Mahuku argued that “any potential bargaining will still be embedded in the historical power dynamics between the two states [...] Iran is accepting dialogue and participating in the negotiations with wide-open eyes, especially given that they may interpret this as some kind of geopolitical maneuvering,” he explained.
The expert also highlighted the role of BRICS nations in counterbalancing Western military alliances and promoting alternative security frameworks. “These countries are gradually asserting their independence and sovereignty, seeking to provide a multipolar world order,” he said.
🗣 “They have become key players in shaping alternative security architectures by fostering closer economic, political, and security partnerships or alliances. BRICS nations can effectively counterbalance Western influence and promote a more inclusive and representative global governance architecture,” Dr. Mahuku added.
He further emphasized the potential impact of BRICS expansion on the Global South. “An expanded BRICS grouping could provide a more robust political and economic platform for promoting South-South cooperation, as espoused by dependency scholars or dependency theorists,” he said. “This will challenge the global North's dominance, fostering a more equitable world order.”
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🗣 “Iran's willingness to negotiate on the nuclear issue may be a starting point for dialogue, what I may refer to as testing the waters,” Dr. Darlington Ngoni Mahuku, a lecturer in the Department of Peace and Governance at Bindura University of Science Education, Zimbabwe, told Sputnik Africa, noting that significant challenges remain.
Dr. Mahuku argued that “any potential bargaining will still be embedded in the historical power dynamics between the two states [...] Iran is accepting dialogue and participating in the negotiations with wide-open eyes, especially given that they may interpret this as some kind of geopolitical maneuvering,” he explained.
The expert also highlighted the role of BRICS nations in counterbalancing Western military alliances and promoting alternative security frameworks. “These countries are gradually asserting their independence and sovereignty, seeking to provide a multipolar world order,” he said.
🗣 “They have become key players in shaping alternative security architectures by fostering closer economic, political, and security partnerships or alliances. BRICS nations can effectively counterbalance Western influence and promote a more inclusive and representative global governance architecture,” Dr. Mahuku added.
He further emphasized the potential impact of BRICS expansion on the Global South. “An expanded BRICS grouping could provide a more robust political and economic platform for promoting South-South cooperation, as espoused by dependency scholars or dependency theorists,” he said. “This will challenge the global North's dominance, fostering a more equitable world order.”
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Russia and Venezuela presidents discuss strengthening ties
Presidents of Russia and Venezuela, Vladimir Putin and Nicolas Maduro, held talks via videoconference to mark the 80th anniversary of the establishment of diplomatic relations between the countries.
The Russian leader also proposed to Maduro the signing of a Treaty on Strategic Partnership and Cooperation.
The Venezuelan President was also invited to Moscow for May 9 celebrations, as noted in the report.
The Venezuelan leader emphasised his vision of a "multi-centred and multi-polar" world.
#NEWS #Venezuela #RussiaVenezuela #Summit #diplomacy
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Presidents of Russia and Venezuela, Vladimir Putin and Nicolas Maduro, held talks via videoconference to mark the 80th anniversary of the establishment of diplomatic relations between the countries.
"We have exchanged messages where we stressed our mutual satisfaction with the current level of Russian-Venezuelan relations," Putin said.
The Russian leader also proposed to Maduro the signing of a Treaty on Strategic Partnership and Cooperation.
"I am pleased to note that a strategic partnership and cooperation agreement has been fully settled, which will create a strong foundation for further expansion of multifaceted ties in the long term. It could be signed during your visit to Russia at a time convenient for you", Putin stated.
The Venezuelan President was also invited to Moscow for May 9 celebrations, as noted in the report.
"Memories are still fresh of the historic #BRICS summit in the beautiful city of Kazan, where we shared views on the new world," Maduro said.
The Venezuelan leader emphasised his vision of a "multi-centred and multi-polar" world.
#NEWS #Venezuela #RussiaVenezuela #Summit #diplomacy
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President of Russia
Talks with President of Venezuela Nicolas Maduro
Vladimir Putin held talks via videoconference with President of Venezuela Nicolas Maduro. The consultations were timed to mark the 80th anniversary of diplomatic relations between Russia and Venezuela.
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The notion of "Global majority countries" is actively gaining ground in the political and diplomatic discourse. This term, although appearing to be a relatively new term, has in fact come into use thanks to the global political realities of the 21st century. It reflects tectonic shifts in the balance of power in the world system.
The Global majority countries are a collective term for the states of the Global South that constitute the majority of the world's population and economies. These countries are contrasted with the "old centres of power" — the traditional countries, which are usually Western countries such as the United States, Canada, the European Union, as well as Australia, Japan and some others. But it is the developing and newly industrialised states that represent the majority of the world's population, cultural diversity and growth prospects.
The term "Global majority" has become more frequently used in recent years, particularly against the backdrop of debates about the redistribution of influence and resources in the global agenda. Although the term itself cannot be formally tied to a specific event or date, the key idea has emerged as an alternative to the concept of the "Global South" or "developing countries".
The composition of the World majority is very diverse. It includes countries in Latin America, Asia, Africa and parts of Eastern Europe. What is common to the Global majority countries is that they often feel excluded from key global decisions that they feel are shaped by Western dictation. Many of these countries aspire to build a multipolar world where their voices are equally heard.
The concept of "Global majority" is particularly closely associated with BRICS. #BRICS is one of the main symbols of the Global South's attempts to achieve greater autonomy and reshape the existing system of global governance. Within the bloc, countries are actively discussing reform of institutions such as the United Nations (#UN), the International Monetary Fund (#IMF) and the World Bank to better accommodate the interests of developing countries.
#BRICSExpertCouncil #BRICSExpertCouncilRussia #wordoftheweek
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Forwarded from The Gorchakov Fund
The “Balkans and BRICS+” Media School Opens in Serbia 💌
On March 14, the international media school “Balkans and BRICS+” was officially launched at the Russian House in Belgrade. The project is organized by the NGO Ragusa with grant support from the Gorchakov Fund.
🔖 The program brings together students of journalism, international relations, political science, as well as young journalists from the Balkan region and BRICS countries.
The media school serves as an educational platform where participants can explore key issues of cooperation with BRICS+ countries and develop practical skills in working with information.
📍 Project partners include the “Diplomacy of Knowledge” Center (RSUH), the NGO “Memorable Civilization,” and the NGO “History of the Future.”
Today, the media school continues: the agenda features lectures, workshops, and expert discussions with speakers from Russia, India, and Brazil.
#Balkans
On March 14, the international media school “Balkans and BRICS+” was officially launched at the Russian House in Belgrade. The project is organized by the NGO Ragusa with grant support from the Gorchakov Fund.
The media school serves as an educational platform where participants can explore key issues of cooperation with BRICS+ countries and develop practical skills in working with information.
Today, the media school continues: the agenda features lectures, workshops, and expert discussions with speakers from Russia, India, and Brazil.
#Balkans
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BRICS expansion in Asia: building resilience and global influence
Despite US tariff threats, BRICS's enlargement in Asia shows its resilience and the desire for collaboration.
In recent years, BRICS has become a key player globally. The blocs's influence is growing. In 2025, Indonesia became the first Southeast Asian nation to join BRICS. #Malaysia, #Thailand and #Vietnam joined as partner countries, boosting #ASEAN's connection.
This expansion highlights BRICS' growing influence and its role in a multipolar world. These nations bring strong economies to BRICS, with Asia becoming a focal point due to its vibrant economies and strategic location. As partners, Malaysia and Indonesia strengthen BRICS with robust economies and strategic trade positions. This enhances trade agreements and technological cooperation. Vietnam and Thailand’s inclusion cements the ASEAN-BRICS relationship; both are key in global supply chains.
#BRICS' growth emphasises sustainable development, with many infrastructure projects focusing on renewable energy and green tech, aligning with global sustainability trends.
US tariffs highlight the need for Asia to diversify economic ties. Joining BRICS offers countries like Indonesia and Malaysia wider trade and investment opportunities, reducing reliance on the US.
The article expresses the personal opinion of the author. It may not coincide with the position of the editorial board of the BRICS Expert Council–Russia.
#OPINION #politics
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Despite US tariff threats, BRICS's enlargement in Asia shows its resilience and the desire for collaboration.
In recent years, BRICS has become a key player globally. The blocs's influence is growing. In 2025, Indonesia became the first Southeast Asian nation to join BRICS. #Malaysia, #Thailand and #Vietnam joined as partner countries, boosting #ASEAN's connection.
This expansion highlights BRICS' growing influence and its role in a multipolar world. These nations bring strong economies to BRICS, with Asia becoming a focal point due to its vibrant economies and strategic location. As partners, Malaysia and Indonesia strengthen BRICS with robust economies and strategic trade positions. This enhances trade agreements and technological cooperation. Vietnam and Thailand’s inclusion cements the ASEAN-BRICS relationship; both are key in global supply chains.
#BRICS' growth emphasises sustainable development, with many infrastructure projects focusing on renewable energy and green tech, aligning with global sustainability trends.
US tariffs highlight the need for Asia to diversify economic ties. Joining BRICS offers countries like Indonesia and Malaysia wider trade and investment opportunities, reducing reliance on the US.
The article expresses the personal opinion of the author. It may not coincide with the position of the editorial board of the BRICS Expert Council–Russia.
#OPINION #politics
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www.globaltimes.cn
BRICS Asia enlargement boosts multipolarity, regional resilience
The growing trade and investment relations among Asian BRICS members, coupled with enhanced infrastructure connectivity, underscore the group’s potential to drive sustainable development and regional stability.
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Trade routes and partnerships show fundamental changes in Russia
Against the backdrop of the structural transformation of the Russian economy, major shifts in trade routes have influenced at least 40% of the country's exports and imports since 2022. During this period, BRICS countries supplanted Western nations to become Russia's primary trade partners, as highlighted in a study by the Analytical Credit Rating Agency (ACRA).
The report states that these fundamental changes took place predominantly in 2022 and 2023. Over these eighteen months, BRICS countries took over the position previously held by Western countries in Russia’s trading ecosystem.
According to ACRA, the share of #BRICS countries in Russia's foreign trade turnover surged from 20-25% in 2022 to 45-55% by 2024. The importance of Russia's Central Asian neighbours has also grown, along with that of Belarus, albeit to a lesser degree.
Moreover, the reorientation of trade routes has coincided with alterations in the currency structure for trade payments, the types of transportations utilised, and several other facets of Russia's trade operations.
#NEWS #Russia #economics #trade
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Against the backdrop of the structural transformation of the Russian economy, major shifts in trade routes have influenced at least 40% of the country's exports and imports since 2022. During this period, BRICS countries supplanted Western nations to become Russia's primary trade partners, as highlighted in a study by the Analytical Credit Rating Agency (ACRA).
The report states that these fundamental changes took place predominantly in 2022 and 2023. Over these eighteen months, BRICS countries took over the position previously held by Western countries in Russia’s trading ecosystem.
According to ACRA, the share of #BRICS countries in Russia's foreign trade turnover surged from 20-25% in 2022 to 45-55% by 2024. The importance of Russia's Central Asian neighbours has also grown, along with that of Belarus, albeit to a lesser degree.
Moreover, the reorientation of trade routes has coincided with alterations in the currency structure for trade payments, the types of transportations utilised, and several other facets of Russia's trade operations.
#NEWS #Russia #economics #trade
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TASS
Fundamental changes in Russian trade routes affect at least 40% of exports and imports
ACRA noted that the share of BRICS countries in foreign trade turnover increased from 20-25% in 2022 to 45-55% in 2024
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BRICS and South Asia: Experts discuss ways to overcome global crisis
On March 16, 2024, Kathmandu School of Law hosted an international discussion "BRICS and South Asia", bringing together experts from various countries. More than 50 experts and academics from China, Russia, India, Bangladesh, Nepal, India, Germany, Pakistan and the UK noted the willingness of the BRICS countries to strengthen cooperation in sustainable development and addressing a set of challenges.
Valeriia Gorbacheva, Deputy Head of BRICS Expert Council—Russia and Head of the Multilateral Strategic Projects Office at HSE University, participated in the discussion and noted the importance of the BRICS expert track. The expert also noted the achievements of the Russia's BRICS Chairship in 2024. According to the expert, the Kazan Declaration has become a key document reflecting the common goals of the member countries at the current stage of #BRICS development.
The panelists noted that the development of dialogue platforms between the BRICS countries and the Global South will contribute to strengthening the voice of the Global Majority on the world stage.
@rossotrudnichestvo
#NEWS #BRICSExpertCouncil #BRICSExpertCouncilRussia
🕊 🕊 🕊
On March 16, 2024, Kathmandu School of Law hosted an international discussion "BRICS and South Asia", bringing together experts from various countries. More than 50 experts and academics from China, Russia, India, Bangladesh, Nepal, India, Germany, Pakistan and the UK noted the willingness of the BRICS countries to strengthen cooperation in sustainable development and addressing a set of challenges.
Valeriia Gorbacheva, Deputy Head of BRICS Expert Council—Russia and Head of the Multilateral Strategic Projects Office at HSE University, participated in the discussion and noted the importance of the BRICS expert track. The expert also noted the achievements of the Russia's BRICS Chairship in 2024. According to the expert, the Kazan Declaration has become a key document reflecting the common goals of the member countries at the current stage of #BRICS development.
The panelists noted that the development of dialogue platforms between the BRICS countries and the Global South will contribute to strengthening the voice of the Global Majority on the world stage.
@rossotrudnichestvo
#NEWS #BRICSExpertCouncil #BRICSExpertCouncilRussia
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Russia-Iran diplomatic talks in Tehran address security threats
Russian Deputy Foreign Minister Alexander Grushko held discussions in Tehran with Iranian Deputy Foreign Minister Majid Takht-Ravanchi on the formation of Eurasian architecture and security threats posed by NATO and the European Union. The talks were part of inter-ministerial consultations between Russia and Iran held on March 16-17.
Grushko was also hosted by Iranian Foreign Minister Abbas Araghchi.
The statement highlighted their mutual interest in deepening the bilateral political dialogue and emphasised the importance of cooperation within the #SCO, #BRICS, and other formats. They also welcomed the upcoming implementation of the Free Trade Agreement between the EAEU and Iran.
It was agreed to maintain regular consultations moving forward.
#NEWS #Iran #RussiaIran #security
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Russian Deputy Foreign Minister Alexander Grushko held discussions in Tehran with Iranian Deputy Foreign Minister Majid Takht-Ravanchi on the formation of Eurasian architecture and security threats posed by NATO and the European Union. The talks were part of inter-ministerial consultations between Russia and Iran held on March 16-17.
Grushko was also hosted by Iranian Foreign Minister Abbas Araghchi.
"There was a thorough exchange of views on global trends in world development, the formation of a polycentric world and Eurasian architecture. In this context, the sides touched upon the situation in Europe, including threats to stability and security emanating from #NATO and the European Union (#EU), the situation in the #OSCE, the activities of the Council of Europe. The inadmissibility of the use of illegal unilateral restrictive measures in interstate relations was emphasised. The sides compared their approaches to issues on the regional and international agenda," the ministry stated.
The statement highlighted their mutual interest in deepening the bilateral political dialogue and emphasised the importance of cooperation within the #SCO, #BRICS, and other formats. They also welcomed the upcoming implementation of the Free Trade Agreement between the EAEU and Iran.
It was agreed to maintain regular consultations moving forward.
#NEWS #Iran #RussiaIran #security
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TASS
Senior Russian diplomat discusses security threats posed by NATO in Tehran
"There was a thorough exchange of views on global trends in world development, the formation of a polycentric world and Eurasian architecture," the statement says
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Forwarded from Sputnik Africa
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🌍🤍 AfCFTA and BRICS: Unlocking Africa’s trade potential
The BRICS bloc represents a significant share of global GDP and investment. Meanwhile, Africa offers vast untapped potential in trade, infrastructure, and critical minerals. In an interview with Sputnik Africa, Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), explained how these two entities can benefit each other.
Mene also addressed the challenges of currency exchange in intra-African trade, pointing to the Pan-African Payment and Settlement System as a solution:
With these initiatives, AfCFTA aims to drive economic integration and reduce trade barriers across the continent.
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The BRICS bloc represents a significant share of global GDP and investment. Meanwhile, Africa offers vast untapped potential in trade, infrastructure, and critical minerals. In an interview with Sputnik Africa, Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), explained how these two entities can benefit each other.
"The value proposition that we make as a continent of Africa to the BRICS is to look at the AfCFTA as an investment market, as an opportunity for investment-led trade," he said.
Mene also addressed the challenges of currency exchange in intra-African trade, pointing to the Pan-African Payment and Settlement System as a solution:
"If the cost of trade is caused to increase by buying a third currency, then the AfCFTA has to intervene, which we have done through the Pan-African Payment and Settlement System," he explained.
With these initiatives, AfCFTA aims to drive economic integration and reduce trade barriers across the continent.
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