BRICS Nations Commit to Maintaining Global Trade and Energy Flows
· Business · Al Jazeera, Indian Express
The BRICS group of nations has adopted a joint declaration in New Delhi, pledging to cooperate on maintaining the flow of global trade, supply chains, and energy. Prime Minister Narendra Modi is hosting the two-day summit, which includes leaders such as China's President Xi Jinping and Russia's President Vladimir Putin. The bloc is addressing challenges posed by ongoing wars in the Middle East and Ukraine, as well as trade tariffs. Discussions also cover the expansion of non-Western cross-border payment channels and artificial intelligence cooperation. The summit marks the 20th anniversary of the bloc amid internal disagreements over how to respond to current geopolitical conflicts.
Why it matters
As an expanded bloc, BRICS' ability to coordinate on trade and energy directly affects global economic stability and the influence of non-Western financial systems.
Read the original report — Al Jazeera
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