Why in News?
At the BRICS virtual summit (September 2025), External Affairs Minister S. Jaishankar criticized the linking of trade measures to non-trade issues, emphasizing the need for fair, transparent, and predictable trade and investment environments, amid US tariff actions on India.
Description:
Expansion & Participation:
- New Members: Indonesia joined as a BRICS member.
- Partner Countries: Belarus, Bolivia, Kazakhstan, Cuba, Nigeria, Malaysia, Thailand, Vietnam, Uganda, Uzbekistan.
Health Cooperation:
- Partnership for Elimination of Socially Determined Diseases (SDDs) launched.
- SDDs are linked to poverty, inequality, and poor living conditions.
Climate Finance:
- BRICS Framework Declaration on Climate Finance aims to mobilize resources for climate action.
- Developed countries are urged to provide USD 300 billion annually by 2035 to developing nations.
- Tropical Forest Forever Fund (TFFF): Innovative financing for forest conservation (~USD 4 billion/year).
Digital & AI Governance:
- Declaration on Global Governance of AI emphasizes:
- Digital sovereignty
- UN-based multilateralism
- Responsible, ethical, and resource-efficient AI
- Fair competition and equitable data governance
Global Governance & Multilateralism:
- Calls for UN reforms, including Security Council expansion.
- Supports Brazil and India’s greater role in global decision-making.
- Emphasizes multipolarity and the role of the Global South.
Trade & Economic Cooperation:
- Concerns raised over unilateral tariffs and non-tariff barriers.
- Reiterates support for WTO-led, rules-based, fair, inclusive trade system.
- Launch of BRICS Multilateral Guarantees (BMG) pilot under the New Development Bank to de-risk investments.
La Excellence IAS Academy, the best IAS coaching in Hyderabad, known for delivering quality content and conceptual clarity for UPSC 2025 preparation.
FOLLOW US ON:
â—‰ YouTube : https://www.youtube.com/@CivilsPrepTeam
â—‰ Facebook: https://www.facebook.com/LaExcellenceIAS
â—‰ Instagram: https://www.instagram.com/laexcellenceiasacademy/
GET IN TOUCH:
Contact us at info@laex.in, https://laex.in/contact-us/
or Call us @ +91 9052 29 2929, +91 9052 99 2929, +91 9154 24 2140
OUR BRANCHES:
Head Office: H No: 1-10-225A, Beside AEVA Fertility Center, Ashok Nagar Extension, VV Giri Nagar, Ashok Nagar, Hyderabad, 500020
Madhapur: Flat no: 301, survey no 58-60, Guttala begumpet Madhapur metro pillar: 1524, Rangareddy Hyderabad, Telangana 500081
Bangalore: Plot No: 99, 2nd floor, 80 Feet Road, Beside Poorvika Mobiles, Chandra Layout, Attiguppe, Near Vijaya Nagara, Bengaluru, 560040
