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BRICS Reaches Draft Declaration Ahead of New Delhi Summit

BRICS Reaches Draft Declaration Ahead of New Delhi Summit
BRICS Agrees On Joint Declaration Ahead Of New Delhi Summit, Leaders Set To Give Final Nod · freepressjournal.in

BRICS is a group of emerging economies that is holding a summit in New Delhi.

Its negotiators have agreed on a statement for the leaders to approve.

The statement is expected to criticize countries that start wars alone, but it may not name any country.

Iran and the United Arab Emirates disagreed about the Middle East conflict.

Those disagreements made it difficult for BRICS to agree on a statement earlier this year.

Reaching a deal lets the group show that its members can work together.

BRICS also wants more influence over organizations such as the World Bank, IMF and WTO.

The summit will test whether the group can turn its large population and economy into greater global influence.

Key facts

Declaration
The agreed document is expected to condemn unilateral war without naming a specific country.
Expected approval
BRICS leaders are expected to give the declaration final approval at the summit.
Main disagreement
Tensions between Iran and the United Arab Emirates over the Middle East conflict challenged consensus.
Membership
BRICS comprises Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.
Population share
BRICS members account for more than 40% of the world’s population.
Economic share
The group represents almost one-quarter of the global economy.
Institutions targeted for reform
BRICS is seeking changes to the World Bank, International Monetary Fund and World Trade Organization.

Sources

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