South Africa is preparing to host the 15th BRICS Summit, a significant event for the country and the African continent. President Cyril Ramaphosa has addressed the nation on South Africa’s foreign policy, emphasizing the values and principles of the 1955 Freedom Charter that influence the country’s approach.
The Key Pillars of South Africa’s Foreign Policy
South Africa’s foreign policy revolves around promoting human rights, peace, stability, and strengthening trade and investment ties with other countries. The country’s membership in BRICS has positioned it as a reliable and influential partner globally. BRICS members account for a fifth of global trade and make up a quarter of the global economy, with a combined population of over 40%.
Benefits of BRICS Membership
Through BRICS, South Africa has a strategic relationship with China, with several agreements scheduled to be signed during President Xi Jinping’s state visit. The New Development Bank, established by BRICS countries, has funded infrastructure projects worth R100 billion in South Africa. South Africa aims to build a partnership between BRICS and Africa to unlock opportunities for trade, investment, and infrastructure development.
The Importance of the BRICS Summit
The 15th BRICS Summit will address potential expansion, with over 20 countries formally applying to join. South Africa believes that a more diverse group of nations sharing common goals can enhance the value of BRICS. The summit is crucial as the world faces complex challenges that will shape international events for years to come. South Africa advocates for an open, rules-based global governance system focused on advancing the world’s people’s interests.
Africa at the Center of South Africa’s Foreign Policy
South Africa remains committed to strengthening the African Union and implementing the African Continental Free Trade Area. This initiative aims to eliminate trade barriers, boost intra-African trade, and achieve prosperity for the entire continent while accelerating manufacturing and industrial capacity.
South Africa’s foreign policy aims to promote increased collaboration, trade opportunities, and investment. President Ramaphosa’s address reiterates the nation’s commitment to working closely with global partners to entrench peace, democracy, and development for all.
