BRICS Shows Economic Clout but Needs Platforms for Action

BRICS is a group of countries that want to work more closely together.

At a meeting in New Delhi, the group discussed trade, technology, energy, health and education.

These countries together represent about 40% of the world’s economy.

The article says this gives BRICS considerable power.

However, the group has not yet created a strong system for businesses to find partners and trade opportunities.

Such a system could help countries cooperate on factories, services and new technologies.

The group also wants to use local currencies more often instead of relying so heavily on the US dollar.

The article says this plan will work only if the countries build strong economic relationships based on useful goods, services and technology.

It sees US tariff threats as a possible reason for emerging economies to cooperate more closely.