This year, Brazil exercises the rotation presidency of this block of emerging markets, including, among others, Russia, India, China and South Africa.
The summit of the leaders of the group countries BRICS It will take place on July 6-7 in Rio de Zaneiro, Brazilian Foreign Minister announced today Mauro Vieira.
This year, Brazil exercises the rotation presidency of this block emerging markets, which includes, among other things, Russia, India, China and South Africa.
“In July this year on July 6 and 7 (…) we will welcome to his city in Rio de Zaneiro the leaders of the 20 BRICS states in the two categories of regular members and associated members,” Vieira said in a video posted by a video posted. In X by the Mayor of Rio, Eduardo Pad.
At this meeting, “we will make very important decisions to develop all these countries, cooperate and improve the living conditions of all residents,” the Brazilian diplomacy chief stressed.
The government of Brazilian President Luis Inasio Lula da Silva stresses that under the Brazilian presidency, the BRICS will focus on strengthening cooperation between the southern countries and the reform of multilateral institutions. Among his priorities he mentioned “the development of means of payment” to facilitate trade and investment between member states.
The US President Donald Trump He reiterated last week’s threat of imposing 100% duties on BRICS countries if they try to create its own currency, or if they support any other currency to replace the US dollar.
The Kremlin responded to this threat at the end of January, stressing that BRICS is not considering creating a common currency, but simply the creation of common investment platforms. In December, the Kremlin had pointed out that any US attempt to force countries to use the dollar would return boomerang, after Trump had fired corresponding threats against the group.
In January, Brazil’s leader’s leader for the block, Eduardohe said in an interview with the French Agency that “there is no plan” to replace the dollar, but rather a debate on the use of local currencies in trade.
BRICS includes 10 countries, including Brazil, Russia, India, China and South Africa. It has recently expanded with countries such as Indonesia, Iran, Egypt and the United Arab Emirates, except for twelve countries, such as Cuba, Bolivia, Nigeria, Algeria and Turkey.
Source :Skai
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