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BRICS leaders condemn Gaza and Iran attacks, urge global reforms

BRICS leaders condemn Gaza and Iran attacks, urge global reforms

Dubai Eye18 hours ago
Leaders of the BRICS group of developing nations on Sunday condemned attacks on Gaza and Iran, called for reforms of global institutions and presented the bloc as a haven for multilateral diplomacy amid violent conflicts and trade wars.
With forums such as the G7 and G20 groups of major economies hamstrung by divisions and the disruptive "America First" approach of US President Donald Trump, expansion of the BRICS has opened new space for diplomatic coordination.
In opening remarks to the summit in Rio de Janeiro, Brazil's President Luiz Inacio Lula da Silva drew a parallel with the Cold War's Non-Aligned Movement, a group of developing nations that resisted joining either side of a polarized global order.
"BRICS is the heir to the Non-Aligned Movement," Lula told leaders. "With multilateralism under attack, our autonomy is in check once again."
BRICS nations now represent more than half the world's population and 40 per cent of its economic output, Lula noted in remarks on Saturday to business leaders warning of rising protectionism.
The original BRICS group gathered leaders from Brazil, Russia, India and China at its first summit in 2009. The bloc later added South Africa and last year included Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates as members. This is the first summit of leaders to include Indonesia.
"The vacuum left by others ends up being filled almost instantly by the BRICS," said a Brazilian diplomat who asked not to be named. Although the G7 still concentrates vast power, the diplomat added, "it doesn't have the predominance it once did."
However, there are questions about the shared goals of an increasingly heterogeneous BRICS group, which has grown to include regional rivals along with major emerging economies.
Stealing some thunder from this year's summit, Chinese President Xi Jinping chose to send his premier in his place. Russian President Vladimir Putin is attending online due to an arrest warrant from the International Criminal Court.
Still, several heads of state were gathered for discussions at Rio's Museum of Modern Art on Sunday and Monday, including Indian Prime Minister Narendra Modi and South African President Cyril Ramaphosa.
More than 30 nations have expressed interest in participating in the BRICS, either as full members or partners.
In a joint statement released on Sunday afternoon, the leaders assembled called attacks against Iran's "civilian infrastructure and peaceful nuclear facilities" a "violation of international law".
The group expressed "grave concern" for the Palestinian people over Israeli attacks on Gaza, and condemned what the joint statement called a "terrorist attack" in India-administered Kashmir.
On trade, the joint statement warned the rise in tariffs threatens global trade, continuing the group's veiled criticism of Trump's US tariff policies.
The group voiced its support for Ethiopia and Iran to join the World Trade Organisation, while calling to urgently restore its ability to resolve trade disputes.
The leaders' joint statement backed plans to pilot a BRICS Multilateral Guarantees initiative within the group's New Development Bank to lower financing costs and boost investment in member states, as first reported by Reuters last week.
In a separate statement following a discussion of artificial intelligence, the leaders called for protections against unauthorised use of AI to avoid excessive data collection and allow mechanisms for fair payment.
China and the UAE signaled in meetings with Brazilian Finance Minister Fernando Haddad in Rio that they plan to invest in a proposed Tropical Forests Forever Facility, according to two sources with knowledge of the discussions about funding conservation of endangered forests around the world.
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India Needs To Raise Defence Spending Substantially
India Needs To Raise Defence Spending Substantially

Arabian Post

time3 hours ago

  • Arabian Post

India Needs To Raise Defence Spending Substantially

By Nantoo Banerjee It is difficult to believe that India, the world's fourth largest economy by gross domestic product (GDP) and a major military power, ranks below even the tiny states of Kuwait and Greece when it comes to defence spending as a percentage of GDP. Considering the tricky geo-political situation in the south Asian region with China, India's No. 1 enemy increasingly surrounding the country with its growing economic and military control over Bangladesh, Sri Lanka, Maldives, Pakistan and Nepal, India does not seem to be spending enough on its defence in the face of a growing China threat. In terms of gross value, India's annual defence budget may not look that unimpressive, but it accounts for less than one-third of China's defence expenditure of nearly $267 billion. The US continues to be the biggest defence spender with a budget of $895 billion. Russia's defence budget is worth around $126 billion. India's defence budget is estimated at only around $75 billion. Effectively, India's defence spending works out 1.9 percent of its GDP. Although China's defence spending is officially estimated at only 1.5 percent of its economy, it excludes several important expenditures such as weapon imports, funding for the People's Armed Police, and research and development, according to the As a result, China's effective defence expenditure may be largely hidden. Or, it could be significantly higher than the publicly shared estimate. Communist China, the third major global military power after the US and Russia, has been rapidly modernizing its technological capability in the defence sector as it is expanding its presence across the world, only next to the US. It is difficult to assess China's actual military expenditure as it is also supposed to provide protection to the country's Belts & Roads Initiative (BRI) investments that cover some 150 countries across the world. The Chinese BRI spans across Asia, Africa, Europe, Latin America, and the Pacific region. Going by the recent reports, China has a potential base in Sri Lanka, Pakistan, Tanzania, Mauritius, Maldives and Myanmar. China is engaged in developing commercial seaports or free trade zones in the Indian Ocean's points of these countries. China is also supporting these countries with finalized contracts for conventional arms sales. The US is concerned. And, so is India. This explains the formation of the Quadrilateral Security Dialogue, or Quad, operating as a strategic forum to promote regional security and cooperation in the Indo-Pacific region, with a focus on shared values and a free and open international order based on the rule of law. The Quad member countries are: the US, Japan, Australia, and India. 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Largely import-dependent on China for critical war equipment stocks, Pakistan appears to be ready to fight proxy war for China in both the South and West Asian regions. China's BRI investment in Pakistan, primarily through the China-Pakistan Economic Corridor (CPEC), is estimated to cost $62 billion. The CPEC is a key component of the BRI, aiming to enhance connectivity and trade between the two countries. The 27-member European Union, which appears to be fighting a proxy war in support of Ukraine against Russia, is looking to raise the defence expenditure to as high as five percent of its GDP due to a combination of factors, including Russia's aggression in Ukraine, a reassessment of security risks, the need to modernize its defence capabilities, and to better align with NATO's defence plans. According to reports, Ukraine's prolonged war against Russia is behind the EU's decision in support of a stronger and more unified European defence, particularly in the face of US President Donald Trump's lack of interest in continuously fund-feeding the European partners of NATO. The EU defence expenditure target of five percent of GDP includes investments in broader security areas, such as infrastructure upgrades (roads, railways, bridges), cyber defence, and military mobility to facilitate quick reinforcement. Among the world's top military spenders as percentage of GDP are: Ukraine (34.5 percent), Lebanon (10.5 percent), Israel (8.8 percent), Russia and Saudi Arabia (7.1 percent each), Kuwait (4.8 percent), Poland (4.2 percent) and the US (3.4 percent). India's proposed defence spending as a percentage of GDP in the 2025-26 budget, estimated to be 1.9 percent, represents a substantial decrease from its historical levels of around three percent, excluding large defence pensions, in the early 2000s. While the overall budget allocation for defence has increased in recent years, the percentage of GDP allocated for the purpose has remained at a relatively lower level below two percent. This is despite the changing security environment in the region in the last two decades. Recently, even Bangladesh had the guts to threaten India with possible military action to cut off the 'chicken's neck' in the Dooars region to sever India's land link with its eight north eastern states, namely Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura. India should not take the first ever Bangladeshi threat of this nature lightly since the country's import-dependent military is substantially controlled by China. This more than explains why India needs to increase its effective defence spending as a percentage of GDP in the coming years to remain fighting fit to protect the country's territorial integrity and economic progress in the face of a Chinese proxy war using both Pakistan and Bangladesh against India. (IPA Service)

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