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Brics leaders skipping Rio summit could mark grouping’s decline, but Trump takes it seriously
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Delegates and heads of state during a plenary session at the Brics Summit in Rio de Janeiro on July 6.
PHOTO: BLOOMBERG
Follow topic:
- The Brics summit in Rio discussed trade tariffs and Israel’s military actions, but its effectiveness in constructing a fairer world is questioned.
- Internal divisions, driven by differing national interests and global developments, hinder Brics unity and its ability to challenge the US dollar's dominance.
- Key initiatives, like Security Council reform and creating a Brics currency, have stalled due to disagreements and rivalries, undermining the organisation's goals.
AI generated
LONDON – The Brics summit in Brazil should have been the perfect forum to advance the grouping of developing nations’ key purpose: a move away from a Western-dominated world towards a more inclusive and fair global governance structure.
Coming soon after the Israeli and American bombing of Iran and just when the US threatens to unleash another round of global trade tariffs, the joint statement issued on July 7 as the summit concluded in Rio de Janeiro duly criticised Israel’s military actions in the Middle East. And members also expressed “serious concerns” about the rise in trade tariffs.
