From April 28 to 29 in Rio de Janeiro, BRICS foreign ministers gathered to issue a chair’s statement that charts a bold course for global cooperation. Against a backdrop of rising trade tensions, this meeting hammered out common positions on multilateralism, fairness and shared growth.
Key takeaways from the chair’s statement:
- Advocating a rules-based trading system: Ministers called for an open, transparent, fair and non-discriminatory multilateral trading system anchored by the World Trade Organization (WTO).
- Condemning protectionism: They voiced serious concerns over unfair unilateral measures that breach WTO rules, including the misuse of reciprocal tariffs.
- Championing inclusive development: The statement highlighted international trade’s role in driving inclusive growth, fighting hunger and poverty, and advancing sustainable development in the Global South.
- Pushing WTO reform: BRICS ministers pledged to work toward improving WTO functions and strengthening its principles to counter unilateralism and protectionist trends.
- Reaffirming multilateralism: They underscored unwavering support for the UN Charter, compliance with international law and the centrality of the UN in the global system.
- Promoting human rights: The ministers stressed cooperation on an equal footing to protect fundamental freedoms and human rights worldwide.
By consolidating their voices, BRICS nations aim to reshape global governance, ensuring that emerging and developing economies hold equal sway in the rules that guide international commerce and diplomacy. As trade frictions loom, the Rio declaration signals a united push toward a more balanced, sustainable and just world order.
Reference(s):
cgtn.com
