Like the Shanghai Cooperation Organization, BRICS, the global grouping of emerging markets and developing countries, is intent on diminishing Western influence over the world economy.
And just like the SCO summit earlier in September, the latest conclave of BRICS leaders fell short of presenting a united front against the West, the United States in particular.
Both the SCO and BRICS include China, India, Iran and Russia as permanent members. Among the four, India, the host nation for this edition of the BRICS annual summit, has acted as a brake on efforts to de-dollarize the global economy.
Kazakhstan and Uzbekistan are both BRICS partner countries.
BRICS members adopted a 140-point joint statement September 12 that featured calls for major reforms of Western-dominated financial institutions, including the World Trade Organization, the International Monetary Fund and the World Bank, to give developing countries a greater say in policymaking and practices.
Some joint statement provisions took oblique swipes at the Trump administration. For example, in comments on the WTO, the statement noted a "proliferation of trade-restrictive actions that are inconsistent with WTO rules, whether in the form of indiscriminate raising of tariffs and non-tariff measures, or protectionism under the guise of environmental objectives."
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