External Affairs Minister S. Jaishankar urged BRICS nations Friday to protect multilateral trade systems against mounting challenges. He addressed foreign ministers about rising protectionism and tariff barriers targeting the economic bloc. President Donald Trump has threatened additional levies against BRICS members while imposing 50 percent tariffs on India and Brazil plus 30 percent duties on most South African imports.
Ethiopia's foreign affairs official proposed coordinated responses to global pressures during the ministerial gathering. BRICS representatives discussed comprehensive United Nations reforms, particularly Security Council restructuring. Jaishankar emphasized peacebuilding and diplomatic solutions for international disputes.
India assumes BRICS leadership next year with priorities spanning food security, energy issues and climate action. The New Development Bank plans to issue rupee-denominated bonds by March 2026 for Global South lending programs.
Ethiopia's foreign affairs official proposed coordinated responses to global pressures during the ministerial gathering. BRICS representatives discussed comprehensive United Nations reforms, particularly Security Council restructuring. Jaishankar emphasized peacebuilding and diplomatic solutions for international disputes.
India assumes BRICS leadership next year with priorities spanning food security, energy issues and climate action. The New Development Bank plans to issue rupee-denominated bonds by March 2026 for Global South lending programs.
