Through the arrangement, China aims at forging regional and bilateral alliances across the continents, which could also be instrumental in pushing its Belt and Road Initiative (BRI).The other four members are wary of China’s hegemony in BRICS and its increasing influence in the Global South.
NEXT MEETING OF BRICS PLUS
There is a lack of consensus among the grouping on institutionalising BRICS Plus arrangement.The initiative is aimed at expanding the outreach of the BRICS countries with the Global South and building wider partnership with emerging markets and developing countries (EMDCs).It was first mooted by Chinese Foreign Minister Wang Yi in 2017 with the objective of widening the ambit of BRICS that can bring unity among developing countries and enhance South-South cooperation.BRICS+: BRICS foreign ministers’ dialogue was also held with emerging markets and developing countries participating in the meet to broaden their outreach with other developing countries.Terrorism: It reiterated to zero tolerance for terrorism, especially cross border terrorism which impacts the regional and global security.Climate Action: It pressed for credible commitment of resources by developed nations for climate action and climate justice thus nudging the developed world to exercise their due for a sustainable earth.UNSC Reforms: The group supported UN Security Council reform asserting that the Security Council should reflect the present global realities and giving developing countries a greater say in global governance.The group pondered over solutions to mitigate the crisis primarily for the well being of the developing world.
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Global macroeconomy: The Ukraine conflict has led to sharp increases in the costs of energy, food and commodities.Recovery from pandemic: It discussed the socio-economic recovery from the Covid pandemic and ways to create resilience and reliable supply chains.Respecting territorial integrity: BRICS must live up to its commitments on sovereign equality, territorial integrity and international law.They expressed concern at the energy and food security implications of the conflict. Russia-Ukraine conflict: The grouping assessed the situation in Ukraine and supported talks between Russia and Ukraine to reach peace.This was the first BRICS leaders’ gathering since Russia’s invasion of Ukraine.The meeting had a BRICS+ dialogue, with counterparts from emerging markets and developing countries who are not part of the grouping.The meeting was held in the run-up to the annual Summit which will be held later this year by China who holds the presidency of grouping this year.
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