BRICS Summit 2026: Grain Exchange looks promising, but hurdles remain
BRICS support for a proposed Grain Exchange could help counter Western commodity traders, but experts cite currency, regulatory and participation challenges.
BRICS support for a proposed Grain Exchange could help counter Western commodity traders, but experts cite currency, regulatory and participation challenges.
The Communist Party of India welcomed the BRICS declaration and said the grouping should lead the push for a more representative, democratic and equitable international order.
India engaged leaders from ASEAN, the African Union, CELAC, the GCC and BIMSTEC in a BRICS outreach session focused on strengthening Global South cooperation and delivering BRICS outcomes relevant to developing nations.
Xi unveiled a five-point BRICS cooperation initiative at the summit’s concluding session, centered on AI, digital economy, manufacturing, trade and science-technology collaboration.
India hosted a BRICS summit bringing together members and partners, producing a joint statement focused on economic instability, sanctions, energy and food risks, and the need for continued multilateral engagement.
At the BRICS summit in New Delhi, Prime Minister Narendra Modi called for tangible, time-bound implementation of summit outcomes, while the bloc agreed on an infectious disease early warning system and reaffirmed support for multipolarity and institutional reform.
US trade measures and sanctions are portrayed as strengthening BRICS unity and revitalizing its multilateral cooperation agenda.
The New Delhi Declaration at the 18th BRICS Summit adopts strong positions on Gaza, terrorism and unilateral sanctions while using strategic ambiguity on major conflicts to preserve member consensus.
India’s Ministry of External Affairs said BRICS outreach invitees were chosen to represent key developing regions and convey the grouping’s work to wider Global South partners.