BRICS Can Make Trade With New Partners Easier for Africans

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BRICS Can Make Trade With New Partners Easier for Africans
BRICS Can Make Trade With New Partners Easier for Africans

Africa-Press – Angola. On May 27-28, Russian capital of Moscow hosted BRICS 2024 International Financial and Economic Forum. Participants of the event gathered to talk on the evolution of business in the midst of global changes and the establishment of independent financial tools within the association’s structure.

BRICS, especially the finance that the bloc wants to bring, could make it very easy for Africans to trade with their new partners, president of the Cameroonian diaspora in Russia, Louis Gouend, told.

“The world is changing. So we need a new system. We need new models. We cannot work on the models that were working 100 years before. […] So BRICS, like one of the systems, I think, needs to be and has its place. And maybe even in the future we will have other ones,” he said on the sidelines of the BRICS 2024 International Financial and Economic forum.

African countries show interest in BRICS membership as the organization is a “win-win platform,” where the nations are seen as equal and not as second or third world countries, Gouend highlighted.

Speaking about the process of de-dollarization, the diaspora president noted that the use of US dollars in trade with countries other than the US “does not make sense” as a lot of money is lost in transactions.

African countries view BRICS as a means to gain true independence in economic, financial, and technological sectors, Irina Abramova, Director of the Institute of African Studies at the Russian Academy of Sciences (RAS), underlined.

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