Partial leaders: Egypt’s participation with a summit "Brex" It enhances its international position and increased investment and growth opportunities

Party leaders emphasized that Egypt’s participation in the 17th of the BRICS gathering as an official member enhances the economic partnership between it and the countries of the assembly

& nbsp; It is hosted by the Brazilian city of Rio de Janeiro, it represents a very important step on the path of enhancing Egypt’s position on the international scene, and affirming the world’s confidence in the Egyptian vision towards comprehensive and sustainable development. And sustainable & quot; reflects the political leadership’s keenness to build multilateral strategic partnerships, and to benefit from major economic blocs, in a way that contributes to supporting the national economy and diversifying sources of cooperation and investment. It is a clear evidence of its pivotal role in supporting the issues of the global south, and its endeavor to devote the principles of fair development and regional and international integration, especially in light of the successive economic crises that the world is going through. It represents an important platform for developing countries to enhance their collective voice in global governance, and the participation of Egypt confirms that it has become a major actor in drawing the features of the new international economic system. Mustafa Madbouly, the Egyptian Prime Minister, at the seventeenth summit of the BRICS gathering held in Rio de Janeiro, after Egypt became an official member of the gathering that enhances the bilateral economic partnership between them and the countries of the group and cooperation between them, especially since the BRICS countries represent about half of the world’s population and the size of the GDP of its members reaches about 30 trillion dollars, holds 25% of the world’s exports, and represents about more than 30% of the size of the global economy, About 35% of the grains in the world produce, as it includes the largest global economies, in conjunction with the continuous expansion of the group’s membership reflects the greater attractiveness and impact of the mechanism of cooperation between its members. Allow Chinese companies to deal in the yuan in Egypt, which indicates dealing between the two countries in the yuan currency, and the announcement of Russia to adopt payment of the nuclear station loan in the Russian ruble, & nbsp, explaining that the coming period will allow Egypt to deal with the countries of the group in local currencies, especially China, Russia and India, from which Egypt imports grains and oils and a large percentage of production materials, which contributes to reducing Egypt’s dependence on the dollar, which leads to raising the value of the local currency, Especially in light of the BRICS Group countries seeking to form a stronger global economic alliance than the American Western economy. Loans worth 35 billion dollars for nearly 100 projects, & nbsp, indicating that the economic zone of the Suez Canal in Egypt has become a Chinese and Russian industrial zone and the State of India seeks to establish an industrial zone in it. The volume of investments for these countries in Egypt periodically increased during the last period, especially since Egypt is the main gateway to the African continent and that these countries want to establish more investments in Egypt to cross their trade for African countries, adding that there is an opportunity for the Egyptian product to invade. New markets for the BRICS gathering countries after increasing the number of countries to the gathering. More than justice in the distribution of resources and opportunities between countries. Development goals, away from the restrictions of the traditional financial system. It is very important, which reflects the confidence of the international community in its economic capabilities and its pivotal geopolitical location. Local currencies in trade exchange between the countries of the group as a step to enhance financial independence. Anti -Berkest is a promising platform to support infrastructure and sustainable development projects in Egypt, in line with the Vision of the State 2030.

& nbsp; Developing realism and responsibility, especially with regard to debt swap initiatives, and support for the green economy. It is hosted by the Brazilian city of Rio de Janeiro, explaining that this strategic step goes beyond the mere diplomatic presence, to confirm the growth of the Egyptian role as a pivotal player in the new global multi -polar economy. An important turning point in the country’s foreign and economic policy, and certainly reflects Cairo’s relentless endeavor to diversify its economic partnerships and not limit themselves to traditional blocs, which enhances the flexibility of the Egyptian economy in facing global challenges. The summit in achieving several major goals for Egypt, the most important of which is enhancing economic and trade cooperation, where the summit is an opportunity to increase the volume of trade exchange with the BRICS countries, which is one of the fastest growing economies in the world, as it paves the way for promoting inter -investments, especially in the promising sectors that Egypt targets within its development plans, as well as activating Egypt’s role in the new development bank & quot; ndb & quot ;::: Egypt can activate its contribution to the new Development Bank, which represents an important financing arm for infrastructure and sustainable development projects in member states and developing countries in general, which provides financing alternatives to major projects. Brex is a platform to discuss and activate the mechanisms of using local currencies in trade exchange between member states, which will reduce pressure on the foreign monetary reserves of Egypt and enhance the stability of the Egyptian pound, in addition to contributing to the formulation of a new global system, because Egypt’s joining and its effective participation in the BRICS summit enhances its voice in international forums, and enables it to contribute effectively to the formulation of a more balanced global system And justice, takes into account the interests of developing countries, as well as attracting technology and experiences, as in -depth relations with the BRICS countries, especially China, India, Russia, Brazil and South Africa, provides Egypt with the opportunity to attract advanced technology and experiences in multiple areas, which supports industrial development plans and digital transformation.

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