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India Gazette
14 hours ago
- Business
- India Gazette
BRICS welcomes Indonesia as member, and 10 partner countries, including Belarus, Malaysia
Rio de Janeiro [Brazil], July 7 (ANI): Leaders of the BRICS nations welcomed Indonesia as a member of the group, while 10 nations, including Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan, as partner countries. The joint declaration of the 17th BRICS Summit in Brazil's Rio de Janeiro on Sunday stated, 'We welcome the Republic of Indonesia as a BRICS member, as well as the Republic of Belarus, the Plurinational State of Bolivia, the Republic of Kazakhstan, the Republic of Cuba, the Federal Republic of Nigeria, Malaysia, the Kingdom of Thailand, the Socialist Republic of Vietnam, the Republic of Uganda, and the Republic of Uzbekistan as BRICS partner countries.' It underlined the significance of the adoption of the BRICS Leaders' Framework Declaration on Climate Finance and of the BRICS Leaders' Statement on the Global Governance of Artificial Intelligence, as well as endorsed the launch of the BRICS Partnership for the Elimination of Socially Determined Diseases. These initiatives demonstrate the joint efforts of BRICS to foster inclusive and sustainable solutions to pressing global issues, according to the joint declaration. During the BRICS session 'Peace and Security and Reform of Global Governance' on Sunday, PM Modi stated that the expansion of BRICS and the inclusion of new partners demonstrates its ability to evolve with times and called for reforming institutions like the United Nations Security Council, the World Trade Organisation (WTO) and Multilateral Developments. PM Modi stated, 'The expansion of BRICS and the inclusion of new partners reflect its ability to evolve with the times. Now, we must demonstrate the same determination to reform institutions like the UN Security Council, the WTO, and Multilateral Development Banks. In the age of AI, where technology evolves every week, it's unacceptable for global institutions to go eighty years without reform. You can't run 21st-century software on 20th-century typewriters.' As a formal grouping, BRIC was established after the meeting of the leaders of Russia, India, and China in St. Petersburg on the margins of the G8 Outreach Summit in 2006. The grouping was formalised during the first meeting of BRIC Foreign Ministers on the margins of United Nations General Assembly in New York in 2006. The first BRIC Summit was held in Yekaterinburg, Russia, in 2009. 4. It was agreed to expand BRIC into BRICS with the inclusion of South Africa at the BRIC Foreign Ministers' meeting in New York in 2010, according to Ministry of External Affairs (MEA) statement, South Africa attended the third BRICS Summit in Sanya in 2011. A further expansion of BRICS took place in 2024 with Egypt; Ethiopia; Iran;and UAE becoming full members of BRICS from January 1, 2024. In January 2025, Indonesia joined the BRICS as a full member, while Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan were inducted as partner countries of the BRICS. (ANI)
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Business Standard
14 hours ago
- Business
- Business Standard
Brics welcomes Indonesia as member, 10 other nations as partner countries
Leaders of the Brics nations welcomed Indonesia as a member of the group, while 10 nations, including Belarus, Bolivia, Kazakhstan, Nigeria, Malaysia, Thailand, Cuba, Vietnam, Uganda, and Uzbekistan, as partner countries. The joint declaration of the 17th Brics Summit in Brazil's Rio de Janeiro on Sunday stated, "We welcome the Republic of Indonesia as a Brics member, as well as the Republic of Belarus, the Plurinational State of Bolivia, the Republic of Kazakhstan, the Republic of Cuba, the Federal Republic of Nigeria, Malaysia, the Kingdom of Thailand, the Socialist Republic of Vietnam, the Republic of Uganda, and the Republic of Uzbekistan as Brics partner countries." It underlined the significance of the adoption of the Brics Leaders' Framework Declaration on Climate Finance and of the Brics Leaders' Statement on the Global Governance of Artificial Intelligence, as well as endorsed the launch of the Brics Partnership for the Elimination of Socially Determined Diseases. These initiatives demonstrate the joint efforts of Brics to foster inclusive and sustainable solutions to pressing global issues, according to the joint declaration. During the Brics session 'Peace and Security and Reform of Global Governance' on Sunday, PM Modi stated that the expansion of Brics and the inclusion of new partners demonstrates its ability to evolve with times and called for reforming institutions like the United Nations Security Council, the World Trade Organisation (WTO) and Multilateral Developments. PM Modi stated, "The expansion of Brics and the inclusion of new partners reflect its ability to evolve with the times. Now, we must demonstrate the same determination to reform institutions like the UN Security Council, the WTO, and Multilateral Development Banks. In the age of AI, where technology evolves every week, it's unacceptable for global institutions to go eighty years without reform. You can't run 21st-century software on 20th-century typewriters." As a formal grouping, BRIC was established after the meeting of the leaders of Russia, India, and China in St. Petersburg on the margins of the G8 Outreach Summit in 2006. The grouping was formalised during the first meeting of BRIC Foreign Ministers on the margins of United Nations General Assembly in New York in 2006. The first BRIC Summit was held in Yekaterinburg, Russia, in 2009. 4. It was agreed to expand BRIC into Brics with the inclusion of South Africa at the BRIC Foreign Ministers' meeting in New York in 2010, according to Ministry of External Affairs (MEA) statement, South Africa attended the third Brics Summit in Sanya in 2011. A further expansion of Brics took place in 2024 with Egypt; Ethiopia; Iran;and UAE becoming full members of Brics from January 1, 2024. In January 2025, Indonesia joined the Brics as a full member, while Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda, and Uzbekistan were inducted as partner countries of the Brics.
Al Etihad
2 days ago
- Business
- Al Etihad
UAE participates in 3rd BRICS Sherpa/Sous Sherpa Meeting
5 July 2025 22:44 RIO DE JANEIRO, BRAZIL (WAM)Saeed Mubarak Al Hajeri, Assistant Minister for Economic and Trade Affairs and the UAE's BRICS Sherpa, participated in the 3rd BRICS Sherpa and Sous Sherpa meeting, held from June 30 to July 4, 2025 in Rio de Janeiro, in preparation for the upcoming 17th BRICS Summit in Rio de Janeiro, the meeting marked a key milestone in finalizing the Leaders' Declaration and advancing discussions on priority deliverables under Brazil's Hajeri expressed appreciation to the Brazilian chair for its significant leadership, and highlighted the UAE's constructive role in shaping outcomes that reflect the shared priorities of all BRICS reiterated the UAE's commitment to economic collaboration, and inclusive multilateralism across the core pillars of BRICS UAE also welcomed the adoption of three thematic outcome documents on the Global Governance of Artificial Intelligence, Climate Finance, and the Partnership for the Elimination of Socially Determined UAE joined BRICS as a full member in January 2024. Its participation in the group aligns with the country's broader vision to promote international cooperation, advance sustainable development, and engage actively with emerging the UAE, BRICS provides a valuable platform for dialogue and policy coordination across regions. Through its membership, the UAE continues to advocate for balanced and inclusive solutions to global challenges, while reinforcing its position as a dynamic and open economy at the heart of the Global South.
