March 19, 2025 – In a virtual seminar held on March 18, Brazil’s Ministry of Foreign Affairs and the Ministry of Development, Industry, Trade and Services brought together experts from around the world to discuss the impact of the data economy on the development of BRICS countries. The event, part of Brazil’s presidency within the BRICS Contact Group on Economic and Trade Issues, highlighted the data economy as a key driver of industrial transformation.
The seminar, which was live-streamed on MDIC’s YouTube channel, focused on the creation of data spaces and markets, as well as the role of data in digital transformation. Participants included researchers, policymakers, representatives from international organizations, and private sector experts. The event aimed to demonstrate how the strategic valorization of data can reduce economic asymmetries and ensure that the benefits of this new business model are widely distributed, fostering social inclusion and economic development.
The initiative is part of Brazil’s priorities within the BRICS CGETI, which seeks to advance cooperation among BRICS countries in areas such as trade, investment, and innovation. By emphasizing the importance of data-driven decision-making, the event reinforced the bloc’s commitment to promoting a more inclusive and sustainable digital economy.
The seminar provided valuable insights into the next steps for the BRICS economic agenda and its contribution to global digital economy governance. The event’s organizers emphasized that cooperation among BRICS countries is crucial in navigating the complexities of the modern digital landscape.
- Key takeaways from the seminar include:
- The importance of data-driven decision-making in industrial transformation and economic development;
- The need for strategic valorization of data to reduce economic asymmetries and promote social inclusion; and
- The potential benefits of cooperation among BRICS countries in advancing their digital economies.
In the broader international context, Brazil’s emphasis on the data economy reflects its commitment to promoting sustainable development and reducing economic disparities. As a member of the G20 and BRICS blocs, Brazil plays an important role in shaping global economic policies and priorities.
By leveraging the power of data-driven decision-making, Brazil aims to create new opportunities for economic growth, social inclusion, and environmental sustainability. The country’s efforts in this area are closely watched by international partners and will likely influence the development of global digital economy governance in the years to come.
The virtual seminar on “Leveraging Data Economy Across the BRICS’ Digital Economy Community” marked an important step in Brazil’s presidency within the BRICS CGETI. As the country continues to navigate the complexities of the modern digital landscape, its commitment to promoting a more inclusive and sustainable data economy will be closely followed by global observers.