BRICS Summit 2024: Concluded, A New Era in Global Cooperation, Throughout the sessions, leaders from Brazil, Russia, India, China, and South Africa,
BRICS Summit 2024, Concluded, A New Era in Global Cooperation
The BRICS Summit 2024, held in Kazan, Russia from October 22 to 24, marked a significant shift in the international landscape, especially with its new expanded lineup of nations. This year’s summit was notable as it included for the first time new BRICS members—Saudi Arabia, the UAE, Ethiopia, Argentina, Egypt, and Iran. The summit’s primary themes were sustainable development, economic cooperation, and reforming global governance to enhance the bloc’s influence.
Throughout the sessions, leaders from Brazil, Russia, India, China, and South Africa, along with their new counterparts, emphasized economic partnerships, currency diversification, and energy cooperation. Russian President Vladimir Putin underscored the importance of BRICS in shaping a “multipolar world,” advocating for less reliance on Western financial systems and stronger ties among developing nations. Chinese President Xi Jinping echoed these sentiments, calling for accelerated South-South cooperation and tech exchange to counteract Western dominance in innovation and finance.
India’s Prime Minister Narendra Modi introduced proposals on climate action, digital transformation, and healthcare collaborations, spotlighting India’s role in tech and innovation. Brazil’s leadership supported initiatives to boost intra-BRICS trade in local currencies, aiming to reduce dependency on the dollar. With numerous sessions dedicated to business and policy alignment, the leaders also discussed establishing BRICS-led financial systems that could mitigate external economic pressures.
Notably, BRICS Plus initiatives at the summit encouraged cooperation with non-member states, inviting leaders from emerging economies to collaborate on shared goals like climate resilience and infrastructure development. This move further positions BRICS as a counterbalance to traditional Western alliances and opens pathways for future global partnerships.
The 2024 summit has set a new course for BRICS, emphasizing unity among developing nations as a foundation for future cooperation, positioning the bloc as a powerful entity in the global order.
For more details, visit the official summit page BRICS 2024 Russia Presidencytps://brics-russia2024.ru/en/summit/) aIOL | News that Connects South Africansll coverage on Kazan events here.
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