BRICS Summit ends with call for fairer global order
Leaders of the BRICS bloc concluded their 17th summit on Sunday in Rio de Janeiro, calling for reforms to global governance, stronger support for developing nations, and collective action on climate finance and artificial intelligence regulation.
In a joint declaration issued at the end of the two-day summit, the group emphasized the need for a more just, inclusive, and multipolar international system, reaffirming its commitment to democracy, human rights, and sustainable development.
The summit, hosted by Brazil, marked the first gathering since the bloc's expansion. The current membership includes Brazil, Russia, India, China, South Africa, Egypt, the UAE, Iran, Ethiopia, and Indonesia, which was formally welcomed during the session. The leaders also announced Belarus, Bolivia, Kazakhstan, Cuba, Nigeria, Malaysia, Thailand, Vietnam, Uganda, and Uzbekistan as new partner countries.
The declaration stressed the urgency of reforming international institutions, particularly the United Nations, to ensure greater representation for emerging economies and developing states, especially from Africa, Latin America, and the Caribbean.
It called for a more transparent and inclusive process in senior UN appointments, advocating for broader geographical and gender representation, and urged an end to the concentration of high-level positions within a limited group of countries.
The bloc referenced the Ezulwini Consensus and the Sirte Declaration, which outline Africa's demands for stronger representation on the UN Security Council. Russia and China, both permanent Council members, expressed support for Brazil and India to take on greater roles in the UN system, including potential permanent seats.
Leaders adopted several initiatives during the summit, including framework declaration on climate finance to enhance support for mitigation and adaptation in vulnerable countries, a joint statement on global AI governance, calling for responsible innovation and inclusive regulation, and the launch of a BRICS partnership to eradicate socially determined diseases, aimed at improving public health through cooperation.
'These efforts reflect our shared commitment to sustainable and people-centered solutions,' the declaration read.
The BRICS countries renewed their support for a rules-based, transparent, and non-discriminatory multilateral trading system, centered around the World Trade Organization (WTO). The leaders underscored the importance of special and differential treatment for developing nations and marked the WTO's 30th anniversary by urging modernization to reflect today's global economy.
The bloc also reaffirmed its dedication to multilateralism, international law, and the principles of the UN Charter, describing the United Nations as central to global peace, development, and cooperation.
In a clear push for a multipolar world, the summit positioned BRICS as a leading coalition advocating for global equity and balanced development. The leaders pledged to continue working together to reshape international institutions and ensure that the voices of the Global South are no longer sidelined in decisions affecting the world's future.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Shafaq News
2 days ago
- Shafaq News
{{ day }}-{{ month }}-{{ year }} {{ hourTwoDigit }}:{{ minuteTwoDigit }}
Shafaq News - New York On Wednesday, Iraq's Permanent Mission to the United Nations hosted a high-level Arab coordination meeting to prepare for two major UN summits on water scarcity and sandstorms. According to a statement from Iraq's Ministry of Foreign Affairs, the meeting was chaired by Iraq's Permanent Representative to the UN, Abbas Kazem Obeid, and in cooperation with the UN Economic and Social Commission for Western Asia (ESCWA). In his remarks, Obeid emphasized the importance of a unified Arab stance in confronting shared environmental challenges, particularly in the areas of water security and sand and dust storms, noting that over 90% of the region's land is classified as severely arid, with 13 Arab countries facing extreme water scarcity. 'Human activity contributes to roughly one-third of the region's sand and dust storms,' he pointed out. The statement added that representatives of Arab countries thanked Iraq for the initiative and praised its diplomatic mission for strengthening joint Arab action in addressing growing environmental and development challenges.
Shafaq News
2 days ago
- Shafaq News
Iraq leads Arab push for water security at UN
Shafaq News - New York On Wednesday, Iraq's Permanent Mission to the United Nations hosted a high-level Arab coordination meeting to prepare for two major UN summits on water scarcity and sandstorms. According to a statement from Iraq's Ministry of Foreign Affairs, the meeting was chaired by Iraq's Permanent Representative to the UN, Abbas Kazem Obeid, and in cooperation with the UN Economic and Social Commission for Western Asia (ESCWA). In his remarks, Obeid emphasized the importance of a unified Arab stance in confronting shared environmental challenges, particularly in the areas of water security and sand and dust storms, noting that over 90% of the region's land is classified as severely arid, with 13 Arab countries facing extreme water scarcity. 'Human activity contributes to roughly one-third of the region's sand and dust storms,' he pointed out. The statement added that representatives of Arab countries thanked Iraq for the initiative and praised its diplomatic mission for strengthening joint Arab action in addressing growing environmental and development challenges.
Shafaq News
3 days ago
- Shafaq News
Gold hits over one-week low on market jitters
Shafaq News Gold prices fell on Wednesday to their lowest point in more than a week, under pressure from a stronger U.S. dollar and rising Treasury yields, as the latest tariff threats from U.S. President Donald Trump unsettled markets. Spot gold was down 0.2% at $3,295.03 per ounce, as of 0435 GMT, after hitting its lowest level since June 30. U.S. gold futures fell 0.4% to $3,303.20. Trump said he would impose a 50% tariff on imported copper and introduce long-threatened levies on semiconductors and pharmaceuticals. Trump reiterated his threat of 10% tariffs on BRICS nations on Tuesday, a day after notifying 14 countries, including Japan and South Korea, of tariff increases set to take effect on August 1. The U.S. dollar index (.DXY), opens new tab strengthened 0.2% after hitting a two-week high late on Tuesday, while the yield on benchmark 10-year U.S. Treasury notes hovered near a three-week high. The price trend that had been rising since mid-February has broken down, signaling weakness, with a stronger dollar and higher Treasury yields, amid uptick in U.S. interest rates, putting pressure on gold, Marex analyst Edward Meir said. Higher yield increases the opportunity cost of holding non-yielding bullion, while a firmer dollar makes greenback-priced gold more expensive for holders of other currencies. Investors will closely examine the U.S. Federal Reserve's latest meeting minutes, due later in the day, for hints of potential interest rate cuts amid the central bank's wait-and-see approach. 'It's a light week for economic data, but how prices react to minutes from June's FOMC meeting may help establish where we are in Fed vs. markets policy debate,' said Ilya Spivak, head of global macro at Tastylive. Meanwhile, Americans' inflation outlook remained stable, with the New York Fed's latest survey showing one-year inflation estimates at 3%, down from 3.2% in May, while the three- and five-year expectations stayed at 3% and 2.6%, respectively. Spot silver fell 0.7% at $36.53 per ounce, platinum was down 1.2% at $1,343.24 and palladium lost 0.8% to $1,102.28.
