Accessibility links

Breaking News

BRICS Leaders Hit At Protectionism, Warn Against Multilateralism


BRICS leaders at a summmit in Brasilia on November 14 (left to right): Chinese President Xi Jinping, Russian President Vladimir Putin, Brazilian President Jair Bolsonaro, Indian Prime Minister Narendra Modi, and South African President Cyril Ramaphosa

Leaders of the BRICS grouping of countries -- Brazil, Russia, India, China, and South Africa -- have railed against protectionism as they vowed to shore up multilateralism.

In a declaration issued on November 14 during a summit in Brasilia, Brazil, the five leaders called on all member states of the World Trade Organization (WTO) to "avoid unilateral and protectionist measures."

"Trade tensions and policy uncertainty have taken a toll on confidence, trade, investment and growth" in the global economy, they said.

Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, repeatedly slammed protectionism during the Brasilia gathering, which is also being attended by Indian Prime Minister Narendra Modi and South African President Cyril Ramaphosa.

Putin said "protectionism was thriving" amid the use of "unilateral sanctions."

The United States is locked in a protracted trade war with China, and Russian officials have repeatedly accused Washington of using the threat of sanctions as a form of unfair competition.

The statement, issued on the second day of the annual BRICS summit, also stresses a commitment to overcome "significant challenges" facing multilateralism and preserve the United Nation's role in international issues

It also commits to the Paris climate agreement and to Syria’s "territorial integrity."

With reporting by AFP and AP
XS
SM
MD
LG