from Sputnik News:
The BRICS bloc adopted the final declaration of its Summit in Kazan on Wednesday. The document outlined the group’s push to make bold reforms to global institutions, strengthen cooperation and respond collectively to global crises. Sputnik asked leading Asia and Europe-based international relations experts for help decoding the declaration.
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Political and international affairs experts
expecting tectonic and transformative changes to international relations at the BRICS’ Russia Summit were not disappointed, with bloc’s 43-page Kazan Declaration,
entitled ‘Strengthening Multilateralism for Just Global Development and Security’, containing 134 points aimed at:
creating “a more just and democratic world order,”
“enhancing cooperation for global and regional stability and security,”
“fostering economic and financial cooperation”
and “strengthening people-to-people exchanges for social and economic development.”
The declaration called for reforms to Bretton Woods – the international financial architecture established at the end of the Second World War, to make its institutions more representative of developing countries’ interests, rejected “unilateral, punitive and discriminatory protectionist” climate change-related measures, and expressed support for a comprehensive transformation of the United Nations, including the Security Council, to make it more representative of modern realities.
On the economic front, the bloc expressed support for the expanded use of national currencies in trade, highlighted the importance of the continued implementation of the BRICS Economic Partnership macroeconomic policy coordination and cooperation strategy, and welcomed “the considerable interest by countries of the Global South” toward BRICS.
Specific commitments include plans to strengthen cooperation in high-tech via the BRICS Business Council’s New Technological Platform, efforts to expand the role of the bloc’s New Development Bank “in promoting infrastructure and sustainable development” of member countries, and the ramping up of cooperation in medicine across a wide array of areas, from traditional and digital health to nuclear medicine, radiopharmaceuticals and vaccines.
The declaration committed bloc members to continue negotiations into the ambitious BRICS Clear cross-border settlement and depository system, welcomed further exploration into “opportunities to establish a logistics platform to coordinate and improve transport conditions for multimodal logistics between the BRICS countries,” and welcomed the Russian proposal to create the BRICS Grain Exchange platform to ensure (and insure) global food security.
In a development highlighting the BRICS’ growing view of itself as an independent geopolitical actor, the declaration offered comprehensive commentaries on the bloc’s take on international security issues of the day, from the illegal use of sanctions and the placement of weapons in outer space, to the Ukrainian crisis, Palestine’s drive for full membership in the UN, Israel’s “premeditated terrorist attack” targeting communication devices in Lebanon, and its attacks in Gaza, Syria and Iran, the crisis in the Red Sea, the situations in South Sudan, Haiti, Afghanistan, and more.
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