00:00President Xi has also held talks with India's Prime Minister Narendra Modi at the BRICS summit.
00:05Xi urged China and India to develop greater cooperation between BRICS members
00:10and said each country should call for an equal and orderly multipolar world.
00:16Suvan Ahmed Becker is a former Ethiopian Minister of Finance and Economic Development.
00:22BRICS is a significant group of major emerging economies.
00:28And for Ethiopia to be a part of that group really created three big opportunities in my view.
00:39The first one is a pool of investments for Ethiopia.
00:46Burying from China to India, Middle East and the Gulf countries.
00:53The second, it will also create huge market for Ethiopian export to this major group of emerging economics.
01:03And certainly, probably in my view, the most important one is it will also give Ethiopia an alternative source of
01:13financing for its investment in infrastructure.
01:17In general, it is really a huge, huge opportunity for Ethiopia.
01:25And what can countries like Ethiopia bring to BRICS?
01:31Well, as you know, Ethiopia can really be a very strategic partner in this group for three reasons, in my
01:43opinion.
01:44The first is the size of the population of Ethiopia.
01:49It is the second most populous country in Africa.
01:53And it is the population is increasing.
01:57So it will be a huge, huge market for a group of BRIC countries.
02:05The second is probably more strategic because of the history of Ethiopia and its relation with Africa.
02:16Ethiopia can really be a bridge between Africa and the BRIC countries.
02:23Third, and the location of Ethiopia is also critical.
02:28It is very close to the Horn of Africa.
02:33Ethiopia is very close to the Indian Ocean, to the Red Sea and to the Middle East.
02:42So, Ethiopia can also, African countries can also bring Africa.
02:46It is also a huge continent with huge potentials.
02:50Ethiopia says it wants more predictable access to trade, finance and investment through BRICS.
02:57Where do you think the biggest practical potential, the biggest practical opportunity lies?
03:06Basically, in infrastructure, in my opinion, currently, the international financial institutions,
03:17most of the emerging economies, they don't have voices.
03:23Access to financing is extremely limited.
03:26There is Kyle's not to say any time to say anything is possible.
03:26It is greater than an emphasis toline, data and far above.
Comments