The collective strength of BRICS nations allows for meaningful cooperation on myriad issues, however, the platform's ability to influence the trajectory of bilateral relationships has remained limited. Discuss.
Main Body
Recently held BRICS Summit in Johannesburg has been hailed as revolutionary with consensus on several issues, ascribed in declaration. Meaningful cooperation: - Reform multilateral institutions like MDGs (eg: New Development Bank has equity principle) - CRA (Create assets) is call for IMF quota reforms - Cooperation on startups, NSMEs and key economic challenges - Leverage cultural diplomacy - More to de-dollarization with bilateral currency trade Founder Agreement → overall success is slow erupt for NEB CRA Many new it as Anti-west coalition.
Bilateral relationship: - Recent example of different statements by Indian & Chinese government on talks at highest level show limitation of BRICS - India-China faces complex regional challenges with active border dispute However, it shall provide a platform for dialogue and diplomacy. And something is better than nothing. Convergence on common interests like voice of global south and step in right direction and on used to solve bilateral issues, which is anyway a long complex process involving many stakeholders (eg: Amy) BRICS+6 is step in right direction for further have more votes for multilateral cooperation.
— Shoham Teberiwal · AIR 77
Shoham Teberiwal
Bilateral, Regional and Global Groupings affecting India
BRICS Relations
BRICS Cooperation and Limitations
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analytical
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