Rio de Janeiro:
Leaders of the international locations referred to as BRICS will maintain a summit in Rio de Janeiro in July, the present chair Brazil introduced Saturday.
Different members of the buying and selling bloc embrace Russia, India, China and South Africa and others.
Brazilian Overseas Minister Mauro Vieira stated on the social media platform X that the summit might be held July 6-7 and have leaders of 20 international locations with full or affiliate standing within the bloc.
At this assembly “we are going to make crucial selections for the event of all these international locations, for cooperation and for bettering the dwelling circumstances of all their inhabitants,” Vieira stated.
US President Donald Trump has threatened to impose 100% tariffs on the BRICS international locations in the event that they undercut the US greenback.
At a BRICS summit in October in Russia, the member international locations mentioned boosting non-dollar transactions and strengthening native currencies.
The federal government of President Luiz Inacio Lula da Silva has stated that underneath the Brazilian presidency the BRICS bloc will give attention to strengthening cooperation with creating nations of the so-called World South and on reforming multilateral establishments.
He stated Brazil’s priorities for the bloc embrace “creating technique of fee” to encourage commerce and funding amongst member states.
Final month, Brazil’s chief negotiator for the BRICS group, Eduardo Saboia, informed AFP there isn’t any concrete plan to interchange the greenback however quite talks on utilizing native currencies in transactions.
The BRICS group has expanded considerably since its inception in 2009, and now contains international locations similar to Iran, Egypt and the United Arab Emirates.
Altogether the BRICS coalition accounts for a big minority of the world’s financial output.
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