The BRICS Summit in Brazilia was held under the motto "Economic growth in the interests of an innovative future," The work and discussions carried out during those two days once again showed that over the past ten years, BRICS has achieved serious results and has gained a reputation as a respected association. At the same time, the coordination mechanisms established within BRICS make it possible to cooperate effectively in politics, security, trade, finance and culture.
The BRICS summit with the participation of the heads of Brazil, Russia, India, China and South Africa was held on November 13 and 14 in the capital of Brazil. In 2020, the BRICS chairmanship will pass to Russia.
Russian President, Vladimir Putin said that Russia, during its chairmanship of the BRICS in 2020, would propose initiatives in the tax, customs and antitrust areas. According to Kremlin press release at the BRICS plenary meeting, Vladimir Putin said: "We also plan to come up with new initiatives to expand cooperation between the fiscal, customs and antimonopoly authorities of the BRICS member states. I believe practical work and practical cooperation of this kind will be very useful as it promotes our efforts to achieve our objectives."
The Russian president also further spoke about the importance of the BRICS cooperation – "The BRICS member states consistently deepen mutually beneficial economic ties, strengthen trade and investment flow and together address such important tasks as industrial upgrading, the introduction of innovative technologies, and improvement in our people's welfare."