The historic BRICS summit in Rio de Janeiro is set for July 6-7, 2025, under the theme "Strengthening Global South Cooperation for More Inclusive and Sustainable Governance." This event marks a major milestone as the first convening of BCRIS – an acronym for its founding members: Brazil, Russia, India, China, and South Africa – now expanded to 11 full members and 10 partner countries.
Since assuming the BRICS presidency on January 1, 2025, Brazil has zeroed in on two main priorities: boosting cooperation among Global South partners and pushing for reforms in global governance. The summit will spotlight six key areas including global health, trade and investment, climate action, artificial intelligence governance, global security architecture, and the further development of the BRICS mechanism. 🚀
Trade and investment collaboration is expected to be a central focus. As global trade tensions rise—with measures such as so-called "reciprocal tariffs" causing ripples in the multilateral trading system—the BRICS members are calling for a united stand against unilateral protectionism. Foreign ministers have warned that such moves disrupt supply chains and heighten economic uncertainty worldwide. They are urging all parties to take concrete steps to defend a free and open trade environment, especially to benefit emerging markets and developing economies. 💼
In addition to addressing immediate trade challenges, the summit will explore long-term strategies like the Partnership for the New Industrial Revolution and the 2030 Strategy for the BRICS Economic Partnership. These initiatives aim to weave closer economic ties within BRICS, reduce vulnerabilities from external disruptions, and forge a path toward a more resilient global economy.
This two-day event promises to deliver fresh ideas and robust debates on how the Global South can drive more inclusive and sustainable governance. Stay tuned as leaders from around the world gather in Brazil to carve out the future of global economic cooperation! 🌏✨
Reference(s):
What to expect from BRICS summit in Brazil: A preview of priorities
cgtn.com
