6 hrs ago
BRICS Declaration Flags Trade Barriers Amid Global Economic Tensions
BRICS countries agreed on a shared statement at a summit in India.
The statement criticized some tariffs and other trade restrictions imposed by individual countries.
It said such measures can make international trade more difficult and may conflict with global trade rules.
BRICS also opposed coercive measures that it said go against international law.
The countries want to keep discussing ways to make payments between them easier.
India helped negotiate the agreement while the group faced disagreements and regional tensions.
Narendra Modi said developing countries should have a bigger role in global decisions.
He also repeated India’s call for changes to the United Nations Security Council.
BRICS unanimously adopted the New Delhi Declaration 2026 at its summit.
The declaration criticized unilateral tariffs and non-tariff measures that distort trade or conflict with WTO rules.
BRICS condemned unilateral coercive measures that violate international law.
Members backed further discussions on practical solutions for cross-border payments.
Prime Minister Narendra Modi called for a stronger Global South voice and United Nations reform.
- Who
- BRICS member countries, with Prime Minister Narendra Modi representing India.
- What
- The group unanimously adopted the New Delhi Declaration 2026, including concerns about unilateral tariffs, non-tariff measures and coercive measures.
- Where
- At the BRICS summit in New Delhi, India.
- When
- At the BRICS summit in 2026; the article also refers to a foreign ministers’ meeting in May.
- Why
- To strengthen cooperation, address trade and financial barriers, and give the Global South a stronger voice in global decision-making.
Key facts
- Declaration
- New Delhi Declaration 2026
- Adoption
- Unanimous, with no member raising an objection
- Trade position
- Criticism of unilateral tariffs and non-tariff measures that distort trade or conflict with WTO rules
- Other concern
- Condemnation of unilateral coercive measures contrary to international law
- Financial cooperation
- Continued discussions on practical solutions for cross-border payments
- Current chair
- India holds the BRICS chairship
- Membership
- Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates
Quotes
Narendra Modi
Prime Minister of India and chair of the BRICS summit
“The Global South is today in the front row when it comes to global crises, but in the back row when it comes to decision-making. We have to transform this pyramid and privilege into a platform of partnership — where every country has a voice, every member has a stake.”
businesstoday.in
“The message of this BRICS Summit being held in India should be clear: If our future is shared, then the right to shape that future must also be shared”
businesstoday.in
Sources
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