BRICS Members Reach Agreement on Joint Declaration

BRICS member countries have reached an agreement on a joint declaration ahead of the leaders’ summit in New Delhi, according to sources cited by Reuters.

The agreement comes as the expanded BRICS grouping attempts to find common ground on international security, trade and economic cooperation despite differences among some member countries.

The grouping now includes 11 members, including India, China, Russia, Iran, Brazil, South Africa, Egypt, Ethiopia, Indonesia and the United Arab Emirates. The expanded membership gives BRICS a larger role in discussions on global economic and political issues.

The joint declaration is expected to address issues including international conflict, economic cooperation and reforms to global institutions. Members have also been discussing ways to increase trade and financial cooperation among BRICS countries.

India is using its presidency to promote practical cooperation and greater economic engagement within the grouping.

BRICS represents a substantial share of the world's population and economy. Decisions made by the group can influence discussions around trade, investment, energy security and international financial institutions.

Reuters reported that the agreement represents an effort to demonstrate unity despite differences over the conflict in the Middle East.

Source: Reuters.

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