Brazil, Russia, India, China and South Africa agree to expand BRICS economic cooperation agenda
BRICS leaders closed their Delhi summit with a joint statement addressing Middle East tensions while expanding the group's focus to include artificial intelligence, trade, and supply chains.
A joint position from BRICS leaders emerged on Sunday in New Delhi. The nations successfully issued this shared stance despite varying views among them. The statement addresses escalating tensions in the Middle East. Prime Minister Narendra Modi urged the transition of group agreements into practical steps. China proposed new initiatives regarding artificial intelligence, trade, and supply chains during the summit. The economic agenda for BRICS expanded significantly. This agenda covers trade, investment, artificial intelligence, supply chains, digital infrastructure, energy, and food security. Leaders pushed for wider adoption of local currencies and cross-border payment systems. Brazil, Russia, India, China, and South Africa remain core members. Iran and Indonesia are also expanding the membership roster alongside existing partners.
