Source: Taiwan Industry and Commerce Times

Industrial and Commercial Times Society

The BRICS Summit held in South Africa closed on the 24th, accepting three Middle East countries, two African countries, and Argentina in South America as new members.Choose intriguing.After the meeting, the "Johannesburg Declaration" emphasized that member states will work together to respond to global risks and work hard to promote sustainable economic recovery.In addition, the financial minister and the central bank's president studied the cooperation of BRICS national currency, joint payment tools and platform applications, and submitted a report before the next leader's meeting; this move can be regarded as the starting point of the BRICS countries to review the "US dollar".

BRICs (B), Russia (R), India (i), and China (C), have been partly accepted in South Africa (S) to become the fifth member country in 2009, although although althoughIt is not a "quasi" international organization with a complete system, but in the United States and China, there are more and more countries that want to join Brics in the United States and China.Important topics of the summit.In this summit, the existing five countries of the BRICS countries, like the five permanent members of the United Nations, discussed the reviewing application for review and the BRICS "New Development Bank" based on the headquarters in Shanghai.22 countries and decided those countries to be qualified to become new members.

In terms of location, 22 countries applying for "admission" this time are not all rainy dew. The five countries of the five countries have "political compromises and losses."The six countries passed in the end are Argentina, Egypt (North Africa), Ethiopia (East Africa), Iran, Iran, Saudi Arabia and the United Arab Emirates (UAE).

There are four points worth observing.First, Indonesia, Vietnam, and Thailand, which are interested in the conference, have lost their arms.Secondly, the only African country has a population of more than 200 million, and Nigeria, located in West Africa, has not been accepted.

Third, the three Middle East countries were allowed to enter the meeting at the same time.On the one hand, Saudi Arabia in "Sunni" and Iran in Shiite, political and military confrontation, and religious factions.pattern.On the other hand, the two major regions, coupled with the "small and wealthy" UAE, represent "oil-natural gas-dollar wealth".

Fourth, the setting of hidden rules and new standards remains to be observed.On the one hand, do you want to set the lowest per capita income as a standard, or just evaluate one of the standards of "admission" and "admission".On the other hand, South Africa is the host. The new member countries have East Africa Ethiopia and Egypt in North Africa, and there are no representative countries in West Africa.In Argentina in South America, in recent years, the inflation in recent years has been severely reached that the current left president announced its incomparable election. The first round of presidential election is also the extreme right -right candidate that will use the US dollar after the election.The rotation election has won the big position, but when the storms are fluttering, Brazil, which is the main country of the South American "Southern Common Market" with Argentina.Economic and trade influence.If the Argentine President is finally elected by the candidate of the left camp, Brazil will be the "leader" status of the southern hemisphere country.

In addition to expanding the results of the summit, in addition to expanding member states, there are three issues worth paying attention to.First of all, set more specific operating rules, find the same mechanism to accept new member states for "admission" and "admission".How to launch a new operating model in 11 countries in "BRICS+" is believed to have a clearer outline before the Russian rotating summit next October.On this view, Russia may end "special military operations" against Ukraine before October next year.

Secondly, do not "competition-confrontation" with G7 and G20, do not "decoupling-risks" with European and American countries, attach importance to economic and trade investment, and develop infrastructure construction.The "New Development Bank" with $ 100 billion is now contributed by Mainland China $ 41 billion, Brazil, India, and Russia each contribute $ 18 billion in each, and South Africa contributed $ 5 billion.Whether the scale will be further expanded, how to average capital and discourse power will be a challenge.

Third, the energy power, including Russia, Saudi Arabia, and the UAE, is enough to have the pricing power that affects oil and natural gas.However, unlike the G7, the US dollar, the euro, the pound, and the yen, will the "energy currency-dollar wealth" be carried out due to the gradual development of "local currency transactions-joint payment", which has changed from quantitative change?This issue is worthy of attention.Even if the trade exchanges and dependence in the BRICS countries are insufficient, the EU countries cannot achieve the pattern of supporting the euro, nor can the Brazilian President Lulu have a "common currency".However, this is a starting point after all, through the "local currency transaction-common payment" and re-examine the collective action of "oil dollar".