BRICS leaders and officials are discussing policy tools, local-currency payments, and MSME financing to strengthen intra-bloc trade, which remains relatively small compared with the bloc’s share of global exports.
At the BRICS summit in New Delhi, South African President Cyril Ramaphosa said BRICS should defend UN-centered multilateralism, promote reform, and demonstrate that cooperation delivers practical development results.
BRICS leaders endorsed education cooperation, traditional knowledge systems, safe use of AI, and exploration of a BRICS university global ranking and evaluation system.
BRICS member states adopted a joint statement at their New Delhi summit urging maximum restraint in the Middle East and warning against actions that could worsen the situation.
BRICS countries agreed in a joint declaration to deepen cooperation on sustainable transport, digital connectivity, public-private partnerships and the New Development Bank’s role, while opposing unilateral protectionist measures.
Iranian President Masoud Pezeshkian urged BRICS leaders to oppose attacks on nuclear facilities, take practical measures against unilateral sanctions, and play a more active role on Gaza.
India’s Ministry of External Affairs said the BRICS Delhi Summit reflected a broader consensus-building effort among member states on global issues.
A BRICS summit criticized unilateral tariff and non-tariff measures distorting global trade and urged practical solutions for cross-border payments among its 11 members.
BRICS countries, through the New Delhi Declaration, backed the New Development Bank as a key institution for sustainable development, reducing inequality, and strengthening resilience in emerging economies.
