It has condemned tariffs and military strikes on Iran, but analysts say Brics’ true test is in moving beyond rhetoric to deliver results
The 10-member bloc – which includes founders such as China, Russia and India, as well as newer entrants like Iran, Egypt and Indonesia – today represents nearly half the world’s population and accounts for roughly 40 per cent of global economic output.
Conceived two decades ago as a forum for rapidly expanding economies, Brics has evolved into what many now view as a Chinese-led counterweight to the Western order.
Observers point to Sunday’s joint declaration as evidence that Brics could yet become “an alternative structure to a US-led world order”, cautioning that the group’s growing diversity is also its greatest challenge.
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