THE 17TH BRICS SUMMIT IS OVER – THESE ARE THE RESULTS: FOR THOSE OF YOU WHO ARE INTERESTED IN THE DETAILS, HERE IS NOW THE RIO DE JANEIRO DECLARATION FROM THE 6TH OF JULY, 2925:
BRICS RIO DE JANEIRO DECLARATION 2
FOR ALL THOSE FOR WHOM IT IS TOO MUCH TO READ, HERE IS A SHORT SUMMARY:
THE SUMMIT WAS UNDER THE THEME “STRENGTHENING GLOBAL SOUTH COOPERATION FOR A MORE INCLUSIVE AND SUSTAINABLE GOVERNANCE”. AS THE TITLE SUGGESTS, THE SUMMIT DISCUSSED THE IMPORTANCE OF GOVERNANCE FOR ALL ASPECTS OF ECONOMY, FINANCE, AND POLITICS, WITH A SPECIAL FOCUS ON THE GLOBAL SOUTH. THE EXPRESSION “GLOBAL SOUTH” REFERS TO EMERGING AND DEVELOPING COUNTRIES AS WELL AS LEAST DEVELOPED COUNTRIES.
SINCE ITS INAUGURATION, BRICS HAS A REMARKABLE INCREASE IN MEMBERSHIP, ESPECIALLY IN THE LAST YEARS. ON THIS SUMMIT, INDONESIA WAS INTRODUCED AS NEW MEMBER. APART FROM THAT, MANY COUNTRIES JOINED THE SUMMIT WITH OBSERVER STATUS. INCLUDED FROM AFRICA WERE NIGERIA AND UGANDA.
THE SUMMIT ACKNOWLEDGED THE NECESSITY OF AN EFFECTIVE GLOBAL GOVERNANCE WHICH TAKES INTO ACCOUNT THE COUNTRIES OF THE GLOBAL SOUTH. IN THIS CONTEST, A FAIR TRADE AND EFFICIENT HEALTH POLICIES ARE OF UTMOST IMPORTANCE. THE SUMMIT CONDEMNED THE EXAGGERATED POLICY OF TARRIFS INTRODUCED BY US-PRESIDENT TRUMP AS MAINLY AFFECTING COUNTRIES OF THE GLOBAL SOUTH NEGATIVELY.
THE SUMMIT ALSO ACKNOWLEDGED THE IMPORTANCE OF ARTIFICIAL INTELLIGENCE (AI) FOR GLOBAL DEVELOPMENT IN THE FUTURE. HERE, THE SUMMIT EMPHASIZED THAT AI MUST BE USED POSITIVELY. IN THIS CONNECTION, THE SUMMIT DECLARED THAT IT WOULD FIGHT ANY KIND OF CYBER ATTACKS; BRICS MEMBERS WOULD COOPERATE IN THE FIELD OF CYBER SECURITY.
THE SUMMIT ALSO DECLARED ITS INTENTION TO WORK TOGETHER FOR IMPLEMENTING GLOBAL PEACE, SECURITY AND INTERNATIONAL STABILITY. HERE, THE SUMMIT CONDEMNED ISRAEL’S ATTACK ON THE ISLAMIC REPUBLIC OF IRAN AS WELL AS THE GENOCIDE IN GAZA. THE UKRAINE CONFLICT ONLY PLAYED A SIDE ROLE, OBVIOUSLY TRYING NOT TO OFFEND RUSSIA.
THE SUMMIT ALSO MENTIONED THE CONFLICTS IN SYRIA, SUDAN AND HAITI, ADVOCATING LOCAL AND REGIONAL PROBLEM SOLVING. IN THE CASE OF SUDAN, THE SUMMIT ATTRIBUTED AN IMPORTANT ROLE OF THE AFRICA UNION. GENERALLY, THE SUMMIT CONDEMNED ANY KIND OF TERRORISM, AND PLEDGED COOPERATION TO FIGHT IT INTENSELY.
THE SUMMIT CONSIDERED INTERNATIONAL COOPERATION IN ECONOMY, TRADE, AND FINANCE AN IUMPORTANT PART OF GLOBAL GOVERNANCE, ESPECIALLY IN VIEW OF THE ACTIONS OF THE CURRENT US-PRESIDENT. IN THIS CONTEXT, THE SUMMIT MENTIONED THE NEW DEVELOPMENT BANK (NDB). THE BANK HAS SINCE ITS INAUGURATION BEEN A SUCCESS STORY WITHIN THE BRICS ORGANISATION. IT PLAYS AN IMPORTANT ROLE BY, E.G., GIVING LOANS IN LOCAL CURRENCIES TO MEMBERS INSTEAD OF US-DOLLARS. THEREBY, IT EASES THE BURDEN OF LOAN REPAYMENT. IT ALSO FACILITATED THE ECONOMICAL COOPERATION BETWEEN BRICS MEMBERS.
NEW IN THE REPERTOIRE OF BRICS FINANCIAL INSTRUMENTS ARE THE PROPOSED NEW INVESTMENT PLATFORM AND THE INTERBANK COOPERATION MECHANISM, WHICH WILL SURELY FURTHER ELABORATED WITHIN THE NEXT YEARS.
FURTHER AREAS OF COOPERATION BETWEEN BRICS MEMBER STATES ARE INFORMATION AND COMMUNICATION TECHNOLOGY AS WELL AS SPACE EXPLORATION, BOTH IN VIEW OF FORMING A BASE FOR FUTURE GENERATIONS.
OF EXTRAORDINARY IMPORTANCE FOR BRICS COUNTRIES ARE THE AREAS OF CLIMATE CHANGE AND SUSTAINABLE, FAIR AND INCLUSIVE DEVELOPMENT. THE SUMMIT SUPPORTS THE PASIS AGREEMENT ON CLIMATE CHANGE AND PLEDGES THE COOPERATION WITH EVERY COUNTRY THAT WANTS TO MAKE IT A SUCCESS. THIS AND SUSTAINABLE, FAIR AND INCLUSIVE DEVELOPMENT IS EXPECIALLY NECESSARY FOR COUNTRIES OF THE GLOBAL SOUTH. ONSEQUENTLY, THE SUMMIT REQUESTSE ASSISTANCE FROM THE DEVELOPED NATIONS. , THE SUITMMMORE GENDER-BALANCED LEA MORDERSHIP, EXPECIALLY FROM THE GLOB AL. SOUTH, IN INTERNATIONAL ORGANISSATIONS
ALL IN ALL, WE CAN JUDGE THIS SUMMIT TO BE A SUCCESS, ALTHOUGH MANY MORE THINGS MUST BE DONE TO FULFIL THE ASPIRATIONS OF THE BRICS COMMUNITY. THIS IS ALSO REFLECTED BY THE ANALYSIS OF THE SOUTH AFRICAN PRESIDENT RAMAPHOSA CONCERNING THE BRICS INVESTMENT PLATFORM, WHICH YOU CAN READ HERE:
Ramaphosa Embraces Exciting New Vision for a BRICS Investment Platform!
THE BRICS ORGANISATIN WOULD SURELY ALSO BE AN INTERESTING AREA FOR ANY GHANAIAN GOVERNMENT FIRST OF ALL AS OBSERVER. PERHAPS THEY SHOULD CONTACT THEIR NIGERIAN COUNTERPARTS FOR MORE INFORMATION, AS THEY ATTENDED THE SUMMIT AS SUCH AN OBSERVER.
THE NEXT BRICS SUMMIT WILL TAKE PLACE IN INDIA IN 2026.
