At a landmark virtual summit hosted by Brazilian President Luiz Inacio Lula da Silva, BRICS nations made it clear: the era of trade bullying is over.
Rejecting Tariff Bullying
Against a backdrop of rising protectionism and unilateral sanctions, member countries united to oppose tariff coercion and economic blockades. BRICS economies, which together account for roughly 30 percent of global GDP, warned that such tactics undermine the principles of fair competition and threaten the stability of international supply chains.
Championing an Inclusive Order
Building on the Global Governance Initiative proposed by President Xi Jinping at the SCO+ meeting, the summit called for a fresh paradigm: one that values equity, justice and multilateral cooperation. Delegates emphasized that true prosperity depends on shared rule-making, co-innovation and respectful partnerships between the Global South and developed economies.
Path to a Multipolar Future
- Stronger Global South voice: Advocating for self-development and economic sovereignty.
- Mutual benefits: Moving beyond zero-sum approaches to foster win-win outcomes.
- Collective solutions: Collaborating on climate action, health security and digital transformation.
Experts say this united front offers a viable model for the future of global governance—one that embraces diversity, protects development rights and paves the way toward a more balanced, multipolar world.
Reference(s):
cgtn.com
