Brazilian President Claims BRICS Expansion Transforms Global Trade
Cooperation areas
Source: Известия | Original Published At: 2026-02-21 15:41:37 UTC
Key Points
- Brazilian President Lula asserts that BRICS expansion will establish a new trade policy dynamic, involving half of humanity and significant global GDP.
- Lula reaffirms Brazil's support for multilateral trade and cooperation with both BRICS and non-BRICS partners like the U.S.
- Brazil transferred BRICS chairmanship to India in 2026; Lula is currently visiting India and South Korea.
- Russia established a National Committee for BRICS business cooperation to coordinate federal agencies' efforts.