Dialogue between emerging markets and developing countries kicked off here on Tuesday, which is attended by Egyptian President Abdel Fattah El Sisi and other leaders participating in the BRICS Summit.

The meeting is held on the sidelines of BRICS Summit, now in session here.

Chinese President Xi Jinping inaugurated the session pointing out that the world economy is on the threshold of a new phase.

He added that the emerging markets have a unique opportunity to achieve progress and development in the coming period. 
The Chinese president underlined in his speech at the emerging markets and developing countries dialogue the importance of cooperation and coordination among the developing countries.

He noted that the emerging markets have contributed to building the world economic order and that these markets have a rare opportunity to achieve development and progress.

He further highlighted the importance of coordination among these countries to create a propitious atmosphere for investment.