Years of Global Interest Sparked by BRICS Summit

Years of Global Interest Sparked by BRICS Summit


The ⁣leaders from the five-member‌ group of nations⁤ known as BRICS — ‍Brazil, Russia, India, China and South Africa — are beginning a three-day ‍summit in ⁣Johannesburg on Tuesday, where⁤ they are discussing ⁤expanding the club ⁣that harbors ambitions of becoming ⁢a geopolitical alternative to Western-led forums like the ⁣Group of 7.

The latest gathering of leaders‌ has garnered a level of international interest rarely seen since the group⁢ was first ‌formed 14 years ago.

Chinese leader Xi Jinping landed in South Africa‌ on Monday morning. He held a state visit with President Cyril Ramaphosa in Pretoria before he was ⁣expected to travel to ⁢Johannesburg for‍ the‍ summit, according to Chinese state media.⁢ Prime ‍Minister Narendra Modi of India arrived in Johannesburg in the afternoon, the Times of India reported.

President‌ Vladimir V. Putin of Russia will⁢ appear⁢ virtually,‍ to avoid an international‌ arrest warrant ‍for crimes against humanity committed during the war in Ukraine

A trade war between Beijing‌ and Washington and Russia’s ​invasion of Ukraine have reinvigorated the debate over whether the bloc will remain a loose ‌trade alliance or become a new international coalition. Dozens⁢ of countries have expressed interest in joining, including Argentina, Nigeria, Iran, Belarus, Saudi‍ Arabia and Indonesia. The candidates are as diverse as the⁣ BRICS bloc, which represents‍ 40 percent of the world’s population and a quarter of ​its economy.

China, the biggest economy in the group, favors expansion to shore up its own⁤ influence, while an isolated Russia needs new allies as it digs in for a protracted war in⁣ Ukraine. India and Brazil, with strong alliances among ⁣industrialized nations, favor a more cautious approach. South Africa, the smallest economy⁢ of the group, ‍is pushing to have more African ⁣members and has invited more than 30 African leaders to join this year’s meeting.

These divergent views are likely to play out⁣ over the summit’s ⁤other key question, so-called de-dollarization. The BRICS countries are expected to⁢ discuss how‍ to decrease their reliance on the U.S. ⁢dollar⁤ as the currency of global trade while also balancing existing trade relationships. But the slow growth ​of the bloc’s development bank, established‍ in ‌2015 as a counter to ⁤the World Bank, is a sign that consensus⁤ will not come easily.

The diplomatic challenges South Africa ⁤has faced over the summit reflects the geopolitical​ interests BRICS nations must balance — particularly the smaller countries that have ⁢to navigate their allegiances to more wealthy and powerful nations.

Mr. Putin is wanted by the International Criminal Court, ‍which accuses him of being​ responsible for⁢ the​ abduction ‍of Ukrainian ⁢children and their deportation to Russia. He had‌ planned on attending in person, but spared South Africa the dilemma of whether to arrest him by deciding to appear ⁤virtually. Even so, South Africa ⁣has continued to face pressure⁣ from its Western allies over its close ties with the Kremlin.

In⁣ a show…

2023-08-22 07:45:15
Post from www.nytimes.com
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