Amid rising US tariff pressures, BRICS nations are charting new strategies to fortify global trade and finance. The latest BizTalk episode brought together three experts—Nonkululeko Nyembezi of Standard Bank Group, Jiang Tianjiao from Fudan University’s Center for BRICS Studies, and Hisham Abubakr Metwally Mohamed of the Egyptian Ministry of Foreign Trade and Industry—for an in-depth discussion with CGTN hosts Lily Lyu and Michael Wang.
First on the agenda: supply chain resilience. Panelists outlined how diversifying sourcing routes and upgrading logistics infrastructure can help members absorb external shocks and ensure smoother cross-border flows.
Next, financial cooperation emerged as a critical focus. By developing shared payment platforms and expanding multilateral development funds, BRICS can streamline transactions and reduce dependencies on single currency systems.
The conversation then turned to reforming the international monetary framework. Experts argued that adjusting governance structures and boosting representation for emerging economies would better reflect the collective weight of the Global South.
These initiatives hold practical value for a diverse audience. Entrepreneurs gain faster, more reliable trade channels. Tech professionals access improved cross-border capital flows. Even digital nomads and travelers benefit from more stable currency options and reduced transaction costs.
With BRICS expansion reshaping global finance, the bloc is laying the groundwork for a more inclusive and resilient economic order that amplifies voices beyond traditional centers of power.
Reference(s):
cgtn.com
