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BRICS agree to joint statement ahead of Rio leaders summit
BRICS agree to joint statement ahead of Rio leaders summit

Straits Times

time19 hours ago

  • Business
  • Straits Times

BRICS agree to joint statement ahead of Rio leaders summit

Sign up now: Get ST's newsletters delivered to your inbox Ricardo Alban, President of the National Confederation of Industry (CNI), delivers a speech as Malaysia's Prime Minister Anwar Ibrahim, Brazil's President Luiz Inacio Lula da Silva and Brazil's Vice President Geraldo Alckmin participate at the opening of the BRICS Business Forum, ahead of the BRICS Presidential Summit, in Rio de Janeiro, Brazil, July 5, 2025. REUTERS/Pilar Olivares RIO DE JANEIRO - Diplomats from the BRICS group of developing nations have agreed on a joint declaration of their leaders at a summit in Rio de Janeiro this week, three people familiar with the talks said on Saturday. The shared statement, which a gathering of their foreign ministers failed to achieve in April, underscores the group's commitment to consensus despite its quickly expanding ranks. The group of major emerging economies expanded last year beyond Brazil, Russia, India, China and South Africa to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates. That has added diplomatic weight to the gathering, which aspires to speak for developing nations in the Global South, but also increased the complexity of reaching common terms on contentious geopolitical issues. Negotiators preparing for the leaders summit over the past week had struggled to find shared language about the bombardment of Gaza, the Israel-Iran conflict and Africa's representative in a proposed reform of the United Nations Security Council, said two of the sources, who requested anonymity to speak openly. To overcome differences among African nations on the continent's Security Council representative, the group agreed to endorse seats for Brazil and India, while leaving open which country should represent Africa's interests, a person familiar with the talks said. The source said the group had agreed to sharpen its tone on conflicts in the Middle East, strengthening language beyond an April note expressing "serious concern." Top stories Swipe. Select. Stay informed. Singapore Asean needs 'bolder reforms' to attract investments in more fragmented global economy: PM Wong Singapore CPF members can make housing, retirement and health insurance plans with new digital platform Singapore CPF's central philosophy of self-reliance remains as pertinent as ever: SM Lee Singapore Credit reports among personal data of 190,000 breached, put for sale on Dark Web; IT vendor fined Asia Dalai Lama hopes to live beyond 130 years, much longer than predicted Singapore Tan Cheng Bock, Hazel Poa step down from PSP leadership; party launches 'renewal plan' Sport Liverpool will move on after Jota's tragic death, but he will never be forgotten Singapore Rock climbing fan suddenly could not jump, get up from squats On trade, sources said the BRICS will continue their thinly veiled criticism of U.S. tariff policy under President Donald Trump from the April ministerial meeting, where they warned against "unjustified unilateral protectionist measures, including the indiscriminate increase of reciprocal tariffs." REUTERS

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