BRICS Fights Back 8-14-28

BRICS is a Trade Association founded by Brazil and includes Brazil, Russia, India, China and S Africa.

They buy Oil and Natural Gas from Russia and are dealing with the additional 25% Tariff Sanctions on countries who buy Oil and Natural Gas from Russia. 

The 17th BRICS summit took place in Rio de Janeiro, Brazil, on July 6-7, 2025. The summit focused on strengthening cooperation within the Global South and promoting more inclusive and sustainable global governance. Discussions included global health, trade, development finance, climate change, artificial intelligence governance, and the reform of the global security architecture. The summit also addressed the expansion of BRICS and the inclusion of new members and strategic partners. 

Here's a more detailed breakdown:

Location and Dates: The summit was held in Rio de Janeiro, Brazil, on July 6-7. 

Theme: The summit's theme was "Strengthening Global South Cooperation for More Inclusive and Sustainable Governance," according to the SDG Knowledge Hub. 

Key Priorities: Brazil's presidency focused on two key priorities:

·       Global South Cooperation: This involved fostering partnerships for social, economic, and environmental development among BRICS nations and other countries in the Global South. 

·       BRICS Partnerships: This included strengthening cooperation in areas like global health, trade, investment, development financing, climate change, AI governance, and the reform of the global security architecture. 

Expansion of BRICS: The summit addressed the recent expansion of BRICS to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. 

Other Notable Discussions: The summit also included discussions on:

·       Multilateralism: Strengthening multilateralism and defending international law to create a more equitable global order. 

·       Trade and Investment: Exploring opportunities for increased trade and investment among BRICS members. 

·       Climate Change: Addressing the challenges of climate change and promoting sustainable development. 

·       Artificial Intelligence: Discussing the governance of artificial intelligence and its potential impact on development. 

·       Global Health: Cooperating on global health issues and promoting health security. 

Outcomes: The summit resulted in a joint declaration and the adoption of 126 commitments covering various areas of cooperation. 

Future Directions: The summit highlighted the growing importance of BRICS as a platform for alternative cooperative arrangements and a potential force for a new global agenda focused on inclusion and development. 

·       Host Country & City: Brazil (holding the rotating presidency for 2025), Rio de Janeiro.

·       Theme: "Strengthening Global South Cooperation for More Inclusive and Sustainable Governance".

·       Key Agenda Items: Cooperation in global health, trade, investment and financial cooperation, climate change response, governance of artificial intelligence, reform of the global security system, and BRICS institutional development.

·       Expansion: This was the first summit for Indonesia as a full member, having joined in January 2025. A new category of "partner countries" was also introduced at the 2024 summit, with several nations gaining this status in early 2025.

·       Notable Absences: For the first time, Chinese President Xi Jinping did not attend in person, delegating Premier Li Qiang in his place. Russian President Vladimir Putin participated virtually due to an outstanding International Criminal Court warrant.

·       Key Outcomes: The "Rio de Janeiro Declaration" was signed, focusing on strengthening multilateralism and Global South cooperation. Declarations were adopted on the global governance of artificial intelligence and a framework declaration on climate finance was adopted. The summit also saw the launch of a BRICS partnership for the elimination of socially determined diseases.

https://www.google.com/search?q=brics+meeting+2025

Comments

The US is increasing Oil and Natural Gas Production to increase Supply and decrease the Global Price of Oil and Natural Gas.  Russia relies on Oil and Natural Gas exports to fund their War on Ukraine.

India buys Russian Oil and Natural Gas and is facing an additional 25% Tariff. BRICS is inviting other countries to join them including Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the United Arab Emirates. The only viable new member is Iran. The others are too closely aligned with the US to join BRICS.

Trump has extended his pause on increasing China’s additional 25% Tariff for 90 days.

Norb Leahy, Dunwoody GA Tea Party Leader