• IPC 2017

IXth BRICS Summit

By GovernanceToday
In Governance Watch
September 6, 2017
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Changes in the global landscape call for a solidified, stronger BRICS with the better contribution to the global governance as the bloc of five emerging economies enters its second decade.

The 9th BRICS annual summit which was wrapped up on September 5, 2017 in Xiamen (China) has attracted worldwide attention to how Brazil, Russia, India, China and South Africa will shape the bloc’s future course amid challenges and uncertainties stemming from global economic sluggishness, increased anti-globalization sentiments in Western countries, regional security and geopolitical black swans, among others.

The bloc representing some 44 percent of the world population and 23 percent of the world economic volume is striving towards a stronger identity, a leading platform for South-South cooperation and a larger role in global governance.

GROWING ROLE IN GLOBAL GOVERNANCE

According to the BRICS Leaders, Xiamen Declaration released on September 4, the bloc will strive towards broad partnerships with emerging markets and developing countries, noting that the dialogue and cooperation with non-BRICS countries will be “equal-footed.”

The significance of the BRICS declaration that included a condemnation of violence in Afghanistan and a specific mention of the Afghan Taliban, the Haqqani network, Lashkar-e-Taiba, and Jaish-e-Mohammad should not be underestimated.

The presence of India in the five-nation bloc clearly influenced the language of the declaration is implicitly pointing towards Pakistan, but China, Russia, Brazil and South Africa will only have added their voices to the growing chorus of concern because of genuine considerations of their own.

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