The Brazilian government announced Saturday that the next BRICS summit will take place in Rio de Janeiro on July 6-7.
Publish dateSunday 16 February 2025 - 12:28
Story Code : 307698
Afghan Voice Agency (AVA) - Monitoring: The Brazilian government said it will focus on promoting global governance reform and strengthening cooperation among Global South nations, according to an official statement.
BRICS, initially formed in 2009 by Brazil, Russia, India, and China, expanded in 2010 with the inclusion of South Africa. The bloc grew further last year, adding Iran, Egypt, Ethiopia, and the United Arab Emirates, while Saudi Arabia has been invited to join. Turkey, Azerbaijan, and Malaysia have formally applied for membership, and other countries have expressed interest.
Recently, the group welcomed Indonesia as its 11th member and designated Nigeria as a “partner country,” a status introduced at the 2024 summit in Kazan. Brazil stated that partner countries are also invited to participate in the upcoming summit and may attend other meetings if all members agree.
“We will make crucial decisions for development, cooperation, and improving the lives of all the inhabitants of these countries,” said Brazil’s Foreign Minister Mauro Vieira.
Meanwhile, trade tensions between Brazil and the United States have escalated following new tariffs imposed by Washington. US President Donald Trump has threatened 100% tariffs on BRICS nations if they act to undermine the US dollar.
BRICS leaders, however, have reaffirmed their commitment to developing an independent payment system.
In response to new US tariffs on Brazilian steel and aluminum, Brazilian President Luiz Inacio Lula da Silva vowed on Friday to impose reciprocal measures.
"There will be reciprocity," Lula said in an interview with local broadcaster Radio Clube do Pará.
"If they tax Brazilian steel, we will react commercially or file a complaint with the World Trade Organization or tax the products we import from there," he added.
Earlier this week, Trump signed executive orders imposing a 25% tariff on all steel and aluminum imports into the US, a move expected to impact Brazil’s steel industry.
Despite the dispute, Brazilian Vice President Geraldo Alckmin emphasized the importance of maintaining dialogue in trade relations.
"Foreign trade is a path of dialogue, a path of understanding, a path of win-win, of seeking alternatives. That is what will be done," Alckmin said on Thursday./Tasnim News
BRICS, initially formed in 2009 by Brazil, Russia, India, and China, expanded in 2010 with the inclusion of South Africa. The bloc grew further last year, adding Iran, Egypt, Ethiopia, and the United Arab Emirates, while Saudi Arabia has been invited to join. Turkey, Azerbaijan, and Malaysia have formally applied for membership, and other countries have expressed interest.
Recently, the group welcomed Indonesia as its 11th member and designated Nigeria as a “partner country,” a status introduced at the 2024 summit in Kazan. Brazil stated that partner countries are also invited to participate in the upcoming summit and may attend other meetings if all members agree.
“We will make crucial decisions for development, cooperation, and improving the lives of all the inhabitants of these countries,” said Brazil’s Foreign Minister Mauro Vieira.
Meanwhile, trade tensions between Brazil and the United States have escalated following new tariffs imposed by Washington. US President Donald Trump has threatened 100% tariffs on BRICS nations if they act to undermine the US dollar.
BRICS leaders, however, have reaffirmed their commitment to developing an independent payment system.
In response to new US tariffs on Brazilian steel and aluminum, Brazilian President Luiz Inacio Lula da Silva vowed on Friday to impose reciprocal measures.
"There will be reciprocity," Lula said in an interview with local broadcaster Radio Clube do Pará.
"If they tax Brazilian steel, we will react commercially or file a complaint with the World Trade Organization or tax the products we import from there," he added.
Earlier this week, Trump signed executive orders imposing a 25% tariff on all steel and aluminum imports into the US, a move expected to impact Brazil’s steel industry.
Despite the dispute, Brazilian Vice President Geraldo Alckmin emphasized the importance of maintaining dialogue in trade relations.
"Foreign trade is a path of dialogue, a path of understanding, a path of win-win, of seeking alternatives. That is what will be done," Alckmin said on Thursday./Tasnim News
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