BRICS Nations Adopt Joint Declaration in New Delhi Summit
4 sources across 3 countries · India · Argentina · United Kingdom
Who reported this
- The Indian Express
- Hindustan Times
- Infobae
- Reuters
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
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Leaders of the BRICS bloc adopted a joint declaration during their summit in New Delhi, focusing on financial autonomy, trade protections, and expanded cooperation. The member states unanimously condemned unilateral tariffs and trade restrictive measures, specifically rejecting the European Union's carbon border adjustment mechanism as a protectionist hurdle for emerging economies. The bloc urged for WTO reform and called for a just and equitable energy transition, noting that fossil fuels remain crucial for developing nations.
On the financial front, the group pushed for the expansion of the New Development Bank (NDB) and increased financing in local currencies to reduce transaction costs and enhance financial autonomy. The declaration also highlighted the need for faster and more secure cross border payment systems. In the realm of science and education, the members agreed to establish a common digital research repository, a youth startup platform, and a new university ranking and evaluation system.
Bilateral activities occurred alongside the main summit, including a meeting between Russian President Vladimir Putin and Ethiopian Prime Minister Abiy Ahmed to strengthen ties in defense, security, and trade. The joint declaration also addressed global stability by urging maximum restraint in the Middle East. While center leaning sources focused on the broad policy goals and the joint declaration, center right sources provided more granular detail on the specific rejection of EU climate taxes and the strategic bilateral alliances formed during the event.
How each side framed it
- Centre
- Focused on the overarching diplomatic outcomes, the joint declaration, and the call for global restraint.
- Centre-right
- Emphasized the specific opposition to EU protectionism, the technical details of financial expansion, and bilateral strategic alliances.
Sources
- Centre-right Hindustan Times: Brics calls for just, equitable energy transition, slams EU carbon border tax
- Centre-right Hindustan Times: Brics to set up research repository, youth startup platform, explore uni ranking
- Centre-right Infobae: Ethiopia and Russia seek to consolidate their political and economic alliance in the BRICS
- Centre-right Infobae: BRICS ask for expansion of the New Development Bank and more financing in local currency
- Centre Reuters: BRICS adopts joint declaration, urges 'maximum restraint' in Mideast - Reuters
- Centre Reuters: BRICS bloc agrees on joint declaration, sources say - Reuters
- Centre The Indian Express: BRICS eye ‘mutually reinforcing policy levers’ to boost intra-bloc trade
- Centre The Indian Express: BRICS unanimously condemns unilateral tariffs, pushes for WTO reform
100% of the statements in this article were traced back to the source articles listed above.