BRICS countries

2024 - 10 - 24

BRICS vs. G7: Who’s Relying on the Taiwan Strait for More Than Just Bubble Tea?

BRICS - Economic Cooperation - G7 - Global Trade - International Relations - Taiwan Strait

Discover how BRICS countries are shaking up global trade routes and why everyone is buzzing about the Taiwan Strait!

In recent times, the Taiwan Strait has transformed into a focal point of global trade, captivating the interests of both BRICS and G7 countries alike. As tensions rise around Taiwan, particularly with China’s military drills in the area, the implications for global trade have stirred discussions among world leaders. The strait is not just a passage for ships, but a vital artery that supports economies around the globe, raising questions about how this geopolitical tug-of-war will affect international trade dynamics.

As the "Global South" rises to prominence, BRICS member countries—Brazil, Russia, India, China, and South Africa—are finding new momentum in their endeavors for a balanced global trade environment. With ongoing dialogues like the recent "BRICS Plus" summit hosted by President Xi Jinping, these nations are aligning themselves as champions for developing and emerging markets. Their cooperative efforts aim to enhance economic relations among themselves while providing a counterbalance to the more traditional G7 alliance, which has long dominated global trade narratives.

In a strikingly contrasting view, BRICS countries’ progressive agendas emphasize fairness, justice, and economic independence, particularly in agriculture and food security. As they work collaboratively, they are not just reshaping their own economic landscapes, but also pushing for a new global food order that prioritizes self-sustainability over dependency on the West. The changes in agricultural policies and trade practices among BRICS members could disrupt established trade flows, making the eyes of the world turn toward how they manage food resources and respond to external pressures regarding production and exportation.

While BRICS aims to promote true multilateralism and encourage economic interdependence, critics like Patrick Bond question whether this collective can truly escape the imperialist narratives that have long governed global interactions. The discussions surrounding BRICS reflect a broader tension in international relations—between established powers and a rising coalition that seeks to redefine the rules of engagement. As the world watches these developments, it’s clear the landscape of global trade is evolving.

**Fact Alert!** Did you know that BRICS nations account for about 40% of the world's population? Their combined economic influence is steadily changing the game on a global scale!

**Fun Fact!** Taiwan Strait is not just essential for trade; it’s also a hotspot for delicious bubble tea exports! But who knew a drink could stir up so much global tension?

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Image courtesy of "Visual Capitalist"

How Much Do G7 and BRICS Countries Rely on the Taiwan Strait? (Visual Capitalist)

China's military drills near Taiwan have raised concerns about the potential impact on global trade through the Taiwan Strait.

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Image courtesy of "Global Times"

The 'Global South' sees new momentum and hope through BRICS ... (Global Times)

On Thursday morning, local time, Chinese President Xi Jinping attended the "BRICS Plus" leaders' dialogue at the Kazan Expo International Exhibition Center, ...

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Image courtesy of "New Straits Times Online"

BRICS mechanism conducive to cooperation among developing ... (New Straits Times Online)

GENEVA: The BRICS mechanism plays a key role in promoting cooperation among developing countries and emerging markets against the background of global ...

Interview: China plays key role of BRICS countries in pursuing true ... (新华网)

by Wu Yue. COLOMBO, Oct. 24 (Xinhua) -- "BRICS works to promote true multilateralism and support changes in global governance, and China plays an important ...

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Image courtesy of "Xinhua"

BRICS countries enhance cooperation through close economic ... (Xinhua)

BEIJING, Oct. 24 (Xinhua) -- Economic and trade ties among BRICS countries are becoming increasingly close, and China is playing an important role in ...

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Image courtesy of "Chinadaily USA"

Call for BRICS to be the champion of fairness, justice and ... (Chinadaily USA)

The 16th meeting of BRICS leaders, from Tuesday to Thursday, coincided with the International Monetary Fund's and World Bank's annual meetings held on ...

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Image courtesy of "ТВ БРИКС"

BRICS Food Independence - Anastasia Golyakova | TV BRICS ... (ТВ БРИКС)

BRICS countries are actively involved in reshaping the global food order. These nations continue to show rapid growth in agriculture, emphasising their ...

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Image courtesy of "Aliran"

Brics: An anti-imperialist fantasy and sub-imperialist reality? - Aliran (Aliran)

Patrick Bond, political economist, professor of sociology at the University of Johannesburg, and director of the Centre for Social Change, discusses the ...

CGTN: How China advances future development of the Global South (Canada NewsWire)

CNW/ -- Practical cooperation has always been the foundation of the BRICS mechanism, a good example of which is the launch of the New Development Bank (NDB) ...

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Image courtesy of "Xinhua"

China plays key role of BRICS countries in pursuing true ... (Xinhua)

An aerial photo taken on Sept. 28, 2021 shows the headquarters building of New Development Bank (NDB) in east China's Shanghai. (Xinhua/Fang Zhe).

BRICS countries enhance cooperation through close economic ... (People's Daily Online)

BEIJING, Oct. 24 (Xinhua) -- Economic and trade ties among BRICS countries are becoming increasingly.

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Image courtesy of "Reuters"

Reactions to the first expanded BRICS summit (Reuters)

Russia this week hosted the first summit of the newly expanded BRICS club of emerging economies, with leaders agreeing a set of common projects ranging from ...

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Image courtesy of "The Business Times"

Out with sticks, in with Brics: What you need to know about the bloc's ... (The Business Times)

At the summit, Brics leaders also invited Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates to join, in what several leaders hailed as ...

(W.E. Talk) Expanding BRICS offers Global South attractive ... (ecns)

(ECNS) -- The 16th BRICS Summit concluded in Kazan, Russia on Thursday. It is the first summit after expansion, which admitted five new members, ...

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Image courtesy of "Global Times"

Xi urges 'BRICS Plus' to pursue common security, devt, harmony ... (Global Times)

Chinese President Xi Jinping on Thursday called on "BRICS Plus" countries to strive for common security, common development and harmony among civilizations.

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Image courtesy of "Ministry of Justice of the People's Republic of China"

Xi advocates high-quality development of greater BRICS cooperation (Ministry of Justice of the People's Republic of China)

Chinese President Xi Jinping on Wednesday called on BRICS countries to work for high-quality development of greater BRICS cooperation.

Xi Jinping Attends the 16th BRICS Summit and Makes an Important ... (驻印度使馆)

On the morning of October 23, 2024 local time, the 16th BRICS Summit was held at the Kazan Expo International Exhibition Centre. Russian President Vladimir ...

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Image courtesy of "Xinhua"

Xinhua Headlines: Xi advocates high-quality development of greater ... (Xinhua)

... * "We must work together to build BRICS into a primary channel for strengthening solidarity and cooperation among Global South nations and a vanguard ...

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Image courtesy of "People's Daily Online"

Xi voices support for Global South at final day of BRICS Kazan ... (People's Daily Online)

Chinese President Xi Jinping delivers an important speech titled "Combining the Great Strength of the Global South To Build Together a Community with a ...

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Image courtesy of "Peoples Dispatch"

BRICS countries call for a multipolar, equitable and democratic ... (Peoples Dispatch)

In the Summit held in the Russian city of Kazan, BRICS members condemned the genocidal Israeli war on West Asia, the illegal sanctions regimes imposed on ...

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Image courtesy of "Jagran Josh"

BRICS Summit 2024: 16th Edition Key Highlights, Major Outcomes ... (Jagran Josh)

The 16th BRICS Summit, held from October 22 to 24, 2024, in Kazan, Russia, holds significant relevance in the current geopolitical landscape.

BRICS countries drive global economic growth in emerging ... (Macau Business)

International, MNA | BRICS is driving global economic growth as the world transforms to a multipolar system, Russian President Vladimir Putin said Wednesday ...

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Image courtesy of "President of Russia"

News conference following 16th BRICS Summit (President of Russia)

Over 200 events were organised across thirteen Russian cities. Notably, numerous meetings of sectoral ministers took place, alongside various conferences, ...

Xi's trip to BRICS summit marks new chapter of unity, development ... (新华网)

BEIJING, Oct. 25 (Xinhua) -- Chinese President Xi Jinping's trip to the 16th BRICS Summit has marked a new chapter of solidarity and self-strengthening of ...

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