Since the establishment of the trade and economic ministerial conference mechanism of BRICS in 2011, the trade and economic cooperation of BRICS was promoted steadily with favorable momentum under the joint efforts of all countries. At present, the global economic recovery is weak and BRICS face relatively greater overall economic downturn, but still owning broad intra-market, huge development potential and abundant policy space. BRICS have 42% of the world population and 23% of the global economic aggregate, marking the important new strength of development internationally. Strengthening practical trade and economic cooperation between BRICS is of great important to promoting common development of BRICS and the world economic growth.

In this coming September, leaders of BRICS will hold the 9th meeting in Xiamen. In order to do a good job in the preparation work of trade and economic field, we will hold the 7th trade and economic ministerial conference of BRICS and the trade and economic liaison group conference, strive to tap the potential of trade and investment of BRICS, vigorously promote the institutionalization, systematization and substantiation of trade and economic cooperation of BRICS based on the previous cooperation, focus on strengthening the cooperation in the fields such as trade facilitation, investment facilitation, service trade, e-commerce, intellectual property and economic technology, promote BRICS to build closer economic partnership and to realize market integration and make efforts to push forward trade and economic cooperation of BRICS to a new stage and help BRICS not only maintain the current strengthen, but also become even stronger.