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.
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.
Chinese President Xi Jinping presented five cooperation initiatives at the BRICS+ session in New Delhi and called for reform of the international financial architecture.
The BRICS summit in New Delhi showed that internal disagreements have not stopped cooperation, while raising the question of whether the grouping will develop permanent institutions and mechanisms for major projects in the Global South.
India’s Ministry of External Affairs said the outcomes of the 18th BRICS Summit would guide deeper cooperation in areas including payments, reforms, critical minerals and Global South engagement.