Turkish President Recep Tayyip Erdoğan said he anticipates further collaborations between BRICS countries and Turkey in economic matters in his address at the 10th BRICS summit, proposing to form a “new credit-rating agency” to “strengthen the south-south collaboration” in the global political economy.
“As Turkey, we would like to work with BRICS countries, especially in the fields of economy, trade and development. I think that we can form new collaborations between Turkish institutions and the BRICS New Development Bank [NDB] and Business Council,” Erdoğansaid on July 27 at the 10th BRICS summit in South Africa’s financial capital Johannesburg.
The BRICS group, made up of Brazil, Russia, India, China and South Africa, invited Turkey to its 10th annual meeting as the term chair of the Organization of Islamic Cooperation (OIC). Erdoğan travelled to Johannesburg along with the foreign minister, finance and treasury minister, national defense minister, commerce minister and ruling Justice and Development Party (AKP) officials on July 26.
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