The Memorandum of Understanding between the BRICS Business Council and the New Development Bank was signed in Xiamen as part of the BRICS 2017 Summit.
The document was signed by the head of the Russian Chapter of the BRICS Business Council Mr. Sergey Katyrin, the heads of other National Chapters and by the President of the New Development Bank Mr. Kundapur Vaman Kamath.
The signed memorandum includes the exchange of information, the development of recommendations on investment projects, interaction in resolving core issues, consultations, etc.
According to Mr. Katyrin joint projects in which several BRICS countries participate simultaneously should become a priority. Meanwhile, the number of bilateral projects surpasses the multi-lateral projects of the BRICS countries.
The development of the Klyuchevskoye gold mine in the Trans-Baikal region is one example in which all five BRICS countries take part.
By CCI of Russia news reports