As BRICS we find ourselves at an inflection point. As the global economy is reshaped as trade patterns shift as technological advances accelerate and climate pressures increase. Countries and companies are compelled to reconsider where they source and produce and invest. For us, this is an opportunity to shape a more resilient, diversified, and inclusive economic future for the global south. For too long developing economies have participated in global value chains mainly as suppliers of raw commodities and consumers of goods that are made elsewhere. Value creation, technology, and higher value manufacturing remained concentrated elsewhere. We should not reproduce the pattern that pattern within the expanded BRICS. Our ambition must extend beyond increasing intra-BRICS trade to to deepening the productive relationships between our economies. We cannot accept a future, for instance where countries that have resources such as Africa continues to supply minerals on which the next generation of industries depend while value addition and manufacturing take place elsewhere. If we are to change where value is created, we must also change where investment is directed. We must direct investment towards manufacturing and beneficiation and adding value to products that are extracted in our various countries. We must develop industrial technologies, energy systems, infrastructure, as well as logistics. Companies must invest not only to access markets, but to establish production facilities and develop local capabilities. As governments and business communities, let us make BRICS a platform through which investment and trade reshape existing economic patterns and thereby transform the destinies of our various BRICS countries and the people who live in our countries. I thank you.