The BRICS group of emerging economies agreed on a joint declaration ahead of its summit in New Delhi, aiming to boost its global clout and address regional conflicts.
BRICS nations have reached a consensus on a joint declaration ahead of their high‑profile summit in New Delhi, signaling a coordinated push to amplify the bloc’s influence on global governance and to address a range of regional conflicts.
Key Themes of the Draft Declaration
The draft is expected to underline the group’s commitment to reforming international financial institutions, enhancing cooperation in science and technology, and promoting a multipolar world order that challenges existing Western‑led structures.
It also aims to articulate a unified stance on ongoing conflicts, including the war in Ukraine, tensions in the Indo‑Pacific, and crises in the Middle East, calling for diplomatic solutions and respect for sovereignty.
Economic Coordination and Trade
Economic cooperation remains a cornerstone, with proposals to expand intra‑BRICS trade, reduce barriers, and develop alternative payment mechanisms to lessen reliance on the U.S. dollar.
- Boosting trade in goods and services
- Creating a BRICS development bank for infrastructure projects
- Establishing a digital currency framework
Political and Security Cooperation
On security, the declaration is set to reaffirm the principle of non‑interference while encouraging joint efforts to combat terrorism, cyber threats, and illicit finance.
“A united BRICS can offer a credible alternative to existing power structures,” a senior diplomat familiar with the talks said.
The upcoming summit will test the durability of these agreements, as member states balance national interests with the collective agenda.