BRICS Summit Takes Aim at U.S. Influence Over the Global Economy
US Energy Secretary: Saudi Pipeline Could Be Back in Service Within Days Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… Like the Shanghai Cooperation Organization, BRICS, the global grouping of emerging markets and developing countries, is intent on diminishing Western influence over the world economy.
And just like the SCO summit earlier in September, the latest conclave of BRICS leaders fell short of presenting a united front against the West, the United States in particular.
Both the SCO and BRICS include China, India, Iran and Russia as permanent members.
Among the four, India, the host nation for this edition of the BRICS annual summit, has acted as a brake on efforts to de-dollarize the global economy.
Kazakhstan and Uzbekistan are both BRICS partner countries.
BRICS members adopted a140-point joint statementSeptember 12 that featured calls for major reforms of Western-dominated financial institutions, including the World Trade Organization, the International Monetary Fund and the World Bank, to give developing countries a greater say in policymaking and practices.
Some joint statement provisions took oblique swipes at the Trump administration.
For example, in comments on the WTO, the statement noted a “proliferation of trade-restrictive actions that are inconsistent with WTO rules, whether in the form of indiscriminate raising of tariffs and non-tariff measures, or protectionism under the guise of environmental objectives.” But the statement does not mention the United States or Trump by name, and it soft-pedals the group’s stance on the Gulf war currently embroiling the US, Israel and Iran, calling for “maximum restraint” of all sides, instead of adopting a clear position more favorable to Tehran.
Iran came away with a symbolic victory of sorts, however, underscored by a one-on-one between Iranian President Masoud Pezeshkian and Abu Dhabi’s crown prince, Khaled bin Mohamed bin Zayed, a meeting designed to counter the image that the United States is succeeding in economically isolating Tehran.
Astatementissued by Abu Dhabi officials was non-committal about future bilateral ties, however.
The two “discussed a number of regional and international issues of mutual interest,” while emphasizing a need to promote “de-escalation and strengthen regional stability.” Beyond the Gulf war, the BRICS statement makes no mention of the Russia-Ukraine conflict, a clear win for the Kremlin.
Underscoring a lack of unity within the broader BRICS framework, Uzbek President Shavkat Mirziyoyev passed over the summit in New Delhi, instead makinga state visitto South Korea, where he promoted stronger economic ties with theEast Asian Tiger.
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