BRICS raise concerns over unilateral tariffs, non-tariff measures distorting trade
What's the story
The BRICS countries have raised concerns over the increasing use of unilateral tariffs and non-tariff measures that distort trade. The New Delhi Declaration emphasized that these measures are inconsistent with World Trade Organization (WTO) rules. The declaration also condemned unilateral coercive measures that violate international law. It called for more engagement in conflict prevention efforts by addressing root causes of conflicts.
Peaceful resolution
BRICS emphasize peaceful resolution of disputes, multilateral approach
The BRICS countries have reiterated their commitment to resolving international disputes peacefully through dialogue, consultation, and diplomacy.
The declaration also called for a multilateral approach that respects diverse national viewpoints on global issues.
This comes amid rising nuclear risks and conflict concerns worldwide.
The grouping stressed the need for conflict prevention as part of broader efforts toward international peace and stability.
Financial cooperation
New Delhi Declaration highlights key areas of focus
The BRICS countries also advocated for continued discussions on practical solutions for cross-border payments among member nations.
The New Delhi Declaration emphasized dialogue, diplomacy, multilateralism, and conflict prevention as key areas of focus.
It also raised concerns over unilateral trade measures, coercive actions, nuclear risks, and challenges facing the international system.