Brazil is taking the lead in redefining global governance by hosting the first BRICS Sherpas meeting, marking a significant step for the bloc under its rotating presidency.
Brazilian Foreign Affairs Minister Mauro Vieira opened the two-day gathering at the Itamaraty Palace in Brasilia, emphasizing that the solution to the multilateralism crisis lies in making it stronger and more inclusive.
In his speech, Vieira highlighted the evolving international order and the challenges existing institutions face in adapting to profound changes. He stressed that BRICS plays a crucial role in fostering a just, inclusive, and sustainable world order, advocating for a multipolar reality that reflects the aspirations of the Global South.
This meeting is particularly noteworthy as it is the first since BRICS expanded last year to include countries like Saudi Arabia, Egypt, the United Arab Emirates, Ethiopia, Iran, and Indonesia. Additionally, associated countries such as Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan are participating, broadening the bloc's influence.
Key discussions are set to focus on redefining global governance to align with 21st-century realities, ensuring that developing nations are active protagonists in shaping global decisions. Vieira underscored the importance of combating protectionism, which threatens to exacerbate inequalities, and advocated for an open, fair, and balanced multilateral trade system.
Economic cooperation will also be a priority, with emphasis on alternative financial mechanisms like the New BRICS Development Bank, which is vital for financing infrastructure and sustainable projects in emerging economies.
As BRICS president, Brazil will prioritize collaboration with the Global South, focusing on health, trade, climate change, artificial intelligence, reforming the multilateral security system, and strengthening the bloc's institutions.
The second day of the meeting will feature a special session with Brazil's President Luiz Inacio Lula da Silva and a summary of the discussions, underscoring the bloc's commitment to building a more equitable global landscape.
Reference(s):
cgtn.com
