During a group meeting of 11 countries, president argues that in times of ‘resurgence of protectionism’ it is the responsibility of ’emerging nations to defend the multilateral trade regime and reform international financial architecture’ ‘
Photo: Ricardo Stuckert / PR
Without Xi Jinping and with Vladimir Putin in online participation, the group BRICS organizes this Sunday (5) and on Monday (6) a summit meeting in the Rio de Janeiro which aims to reject Donald Trump’s rates and protectionism, despite the precaution of member countries not to mention the American. THE President Luiz Inácio Lula da Silva It will lead the group meeting of 11 countries that together represent almost half of the planet’s population and about 40% of world GDP.
After the President Trump He warned that he will send letters to the US commercial allies in the coming days to report on the implementation of their already announced tariffs, BRICS prepares to present a common front. “We express our serious concern about the increase of unilateral tariff and non -tariff measures that distort trade and are inconsistent with the rules of the World Trade Organization,” says the final statement project to which AFP had access.
Lula also anticipated the tone of the summit on Saturday. “Given the resurgence of protectionism, it is up to emerging nations to defend the multilateral regime of commerce and reform international financial architecture,” said the Brazilian president. The text that will be subjected to heads of state, however, avoids explicitly mentioning Trump, while several countries, such as China, negotiate bilaterally with the United States their tariff disputes.
Dollar reigns
At the same time, after Trump’s threats to impose 100%tariffs, it is not expected to prosper the idea of boosting an alternative currency on the dollar for trade between BRIC members, despite Lula’s appeal in this direction. “If we do not find a new formula, we will end the 21st century just like the twentieth century,” said the Brazilian during the week.
The president of the Bank of Brics, former Brazilian president Dilma Rousseff, ruled out the idea. “Today there is no one wondering the place of the United States … How do you provide a hegemonic currency for the rest of the world?” He asked on Saturday. “I see no possibility that this is happening,” he added.
Consensus on Middle East
Negotiators reached, on Saturday, a consensus on the war climbing in the Middle East, the theme that most divided the delegations. Iran, a partner of the group since 2023, aspired a harder tone from Brics about conflict in the region, according to a source that participated in the negotiations. But the final statement of the leaders will maintain the “same message” that the group issued in a statement in June, which expressed its “deep concern” with the bombing against Iran, without mentioning Israel and the United States.
Israel started an unprecedented air campaign on June 13 against Iran, a country that accuses of being intended to develop nuclear weaponry. Tehran denies. The United States Government joined the Israeli offensive with bombing against nuclear facilities. Iran responded with attacks on Israel and against an American base in Qatar before Trump announced a truce of conflict.
Notable absences
This is the first BRICS summit without the presence of Chinese President Xi Jinping since he took power in 2012. The Iranian President Masud Pezeshkian and the Russian Vladimir Putin, the target of an international arrest warrant for alleged war crimes in Ukraine, though his participation is foreseen.
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BRICS will also release statements on climate change -a crucial theme for Brazil, which will receive COP30 in the city of Belém at the end of the year -artificial intelligence and health cooperation. The group, created in 2009, was recently expanded with the incorporation of Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia and Iran to reinforce the so -called global south. The Armed Forces mobilized more than 20,000 military personnel for the Summer Safety Scheme in Rio de Janeiro and will use missile fighters to control airspace.
*With information from AFP
Source: Jovempan
I have been working as a journalist for over 10 years. In that time, I have covered the news from all corners of the world, and written about everything from politics to business.I’m now a full-time author, and my work can be found at Global happenings. My aim is to bring you up-to-date news and views on global affairs, in a format that is easy to read and understand.
