BRICS

2024 - 10 - 23

BRICS: Not Just a Buzzword, But a Global Game Changer!

brics countries BRICS - De-dollarisation - Financial Integration - Geopolitical Dynamics - Global South - Malaysia - Modi - Putin - Trade Opportunities - brics countries

BRICS nations are on a roll! From trade opportunities to peace talks, discover how this alliance is reshaping the world!

BRICS, the intergovernmental group comprising Brazil, Russia, India, China, and South Africa, has become a hot topic in global discussions, particularly following the recent summit in Russia. The gathering saw significant dialogues around the high-quality development of the Global South, spearheaded by Chinese President Xi Jinping. He encouraged BRICS members to embrace new opportunities as economies evolve and to focus on cooperative goals such as innovation, green development, and global stability. This common vision aims to uplift not just the member nations but the broader Global South amidst the ongoing geopolitical fragmentation.

During the summit, Malaysia proudly stepped into the spotlight as it embraced its role as a BRICS partner country. Deputy Prime Minister Tok Mat highlighted how this partnership will unlock better trade opportunities for Malaysia, aligning with the bloc's overarching agenda of enhancing economic ties among the nine member nations. With BRICS’ aim to minimize dependency on the US dollar, initiatives to promote alternative international payment systems were discussed. Not only is this a strategic economic shift, but it's also a move towards reshaping global financial dynamics.

Interestingly, the summit also spotlighted calls for peace regarding ongoing conflicts that have shaped current global events, particularly the war in Ukraine. World leaders, including Indian Prime Minister Narendra Modi, expressed their hopes for financial integration and a more cooperative international atmosphere. Stalwart figures such as President Putin faced direct calls from fellow leaders to seek resolutions to conflicts, illustrating the bloc's efforts towards fostering dialogue over discord.

With the inclusion of thirteen new partner countries into BRICS, the potential for increased influence is tremendous. The bloc now accounts for a staggering 37% of global economic output, making it a force to be reckoned with in international relations. As BRICS continues to evolve, its significance in shaping global governance and economic stability will undoubtedly escalate, paving the way for creative solutions to contemporary challenges.

Did you know? The BRICS nations collectively represent over 40% of the world's population, showcasing their potential as a major influence in global affairs. Moreover, as the bloc seeks to implement de-dollarisation strategies, it aims to diminish the US dollar's dominance in international trade—a move that could reshape the monetary landscape for decades to come!

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Image courtesy of "Global Times"

Xi advocates high quality development of greater BRICS ... (Global Times)

Chinese President Xi Jinping on Wednesday called on BRICS members to conform to the general trend of the rise of the Global South and actively respond to ...

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Image courtesy of "Malay Mail"

Brics a stepping stone to global trade, Tok Mat tells Parliament (Malay Mail)

KUALA LUMPUR, Oct 24 — Malaysia would enjoy more and better trade opportunities as a member of the Brics intergovernmental group as the nine member nations ...

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Image courtesy of "ING Think"

De-dollarisation: More BRICS in the wall (ING Think)

BRICS+ is actively de-dollarising its financial flows from above-average levels, as seen through declining shares of US$ in their cross-border bank claims, ...

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Image courtesy of "Free Malaysia Today"

Malaysia becomes BRICS partner country (Free Malaysia Today)

The bloc adds 13 nations as partner countries, though not yet as full members.

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Image courtesy of "The Guardian"

Putin calls for alternative international payment system at Brics summit (The Guardian)

Russian president's goal to de-dollarize world economy alarms members that do not want bloc to turn against west.

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Image courtesy of "The International Institute for Strategic Studies"

Reshaping global governance: the Global South, BRICS and the West (The International Institute for Strategic Studies)

BRICS' resilience should be understood in the context of the shifting international order, with geopolitical fragmentation providing the Global South with ...

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Image courtesy of "China Daily"

Xi: Advance greater BRICS cooperation (China Daily)

President Xi Jinping presented a broad vision on Wednesday for BRICS countries to stay committed to peace, innovation, green development, justice and closer ...

English Translation of Prime Minister's Remarks at the Open Plenary ... (Ministry of External Affairs)

Congratulations to President Putin for the excellent organisation of the 16th BRICS Summit. And, once again, a warm welcome to all the new friends who have ...

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Image courtesy of "The Guardian"

Ukraine war briefing: Brics summit backfired on Putin with calls for ... (The Guardian)

Xi Jinping among world leaders in Russia advising against escalation; any North Korean troops 'fair game' on Ukraine battlefield, says US.

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Image courtesy of "FRANCE 24"

Host Putin faces calls to end Ukraine war at BRICS summit (FRANCE 24)

Russian President Vladimir Putin faced direct calls to end the Ukraine conflict from some of his closest and most important partners on Wednesday as world ...

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Image courtesy of "Malay Mail"

At Russia meet, BRICS leaders tout grain exchange, alternative ... (Malay Mail)

KAZAN (Russia), Oct 24 — Leaders of the nations in the BRICS grouping, which accounts for 37% of global economic output, predicted its influence would grow ...

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Image courtesy of "President of Russia"

Second day of 16th BRICS Summit (President of Russia)

With Aide to the President Yury Ushakov at an expanded meeting of the BRICS Summit. Prime Minister of India Narendra Modi at an expanded meeting of the BRICS ...

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Image courtesy of "Reuters"

Exclusive: BRICS is for the fairies until China and India get serious ... (Reuters)

Inventor of BRIC acronym says group has achieved little · Global issues need US, Europe, China and India, he says · China-India cooperation key to success of ...

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Image courtesy of "The Hindu"

PM Modi for financial integration among BRICS countries (The Hindu)

16th BRICS meeting: Prime Minister Narendra Modi declares that India favours greater financial integration among BRICS member-countries.

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Image courtesy of "The Business Times"

Putin faces calls for peace at flagship Brics summit (The Business Times)

WORLD leaders called for peace in the Middle East and Ukraine at the Brics summit in Russia on Wednesday, as President Vladimir Putin told them he welcomed ...

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Image courtesy of "The Star Online"

Malaysia, 12 other countries officially added as BRICS partner ... (The Star Online)

KUALA LUMPUR: Malaysia has been recognised as one of 13 nations officially added to BRICS as a partner country, a bloc that collectively accounts for ...

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Image courtesy of "The State Council of the People's Republic of China"

Xi advocates high-quality development of greater BRICS cooperation (The State Council of the People's Republic of China)

KAZAN, Russia, Oct. 23 -- Chinese President Xi Jinping on Wednesday called on BRICS countries to work for high-quality development of greater BRICS ...

Xi attends BRICS Plus leaders' dialogue (The State Council of the People's Republic of China)

KAZAN, Russia, Oct. 24 -- Chinese President Xi Jinping attended the BRICS Plus leaders' dialogue on Thursday. Xi arrived in Russia's Kazan Tuesday for the ...

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Image courtesy of "Jakarta Globe"

Russia Pushes for New Payment System as BRICS Summit ... (Jakarta Globe)

Kazan. Russian President Vladimir Putin hosted a BRICS summit on Wednesday, bringing together leaders from China, India, and other nations, as part of ...

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Image courtesy of "Reuters"

BRICS leaders tout joint finance, trade projects at Russian summit (Reuters)

Leaders of the nations in the BRICS grouping, which accounts for 37% of global economic output, predicted its influence would grow as they met in Russia on ...

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Image courtesy of "Aljazeera.com"

Can BRICS reshape the financial world order? (Aljazeera.com)

BRICS's first summit since its expansion in 2023 discussed proposals to reduce reliance on US dollar and SWIFT system.

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Image courtesy of "CNA"

Malaysia, Indonesia, Vietnam and Thailand become partner ... (CNA)

The four Southeast Asian countries are among 13 new partner countries of BRICS, and are not full members of the group. Analysts say they are likely seeking ...

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Image courtesy of "Global Times"

BRICS says new centers of power, policy decision-making and ... (Global Times)

New centers of power, policy decision-making and economic growth are emerging in the world, BRICS countries said Wednesday in the Kazan Declaration issued ...

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Image courtesy of "Voice of America"

BRICS meeting highlights geopolitical aspirations, rivalries with West (Voice of America)

While U.S. officials express the view that the BRICS grouping meeting in the Russian city of Kazan is not evolving into a geopolitical rival, analysts say ...

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Image courtesy of "FXStreet"

BRICS: De-dollarisation is on its way – ING (FXStreet)

BRICS will probably have the most room to progress their de-dollarisation agenda in the areas of reserve management and energy trade invoicing, ...

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Image courtesy of "Financial Times"

Vladimir Putin's alternative to 'weaponised' dollar fails to excite Brics ... (Financial Times)

Vladimir Putin's alternative to 'weaponised' dollar fails to excite Brics partners · Limited time offer · Save 40% on Standard Digital · Explore more offers.

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