Normal view
- New Eastern Outlook
- India’s BRICS’ Dilemma: Multi-Alignment and Flexibility Without a Clear Global South Vision. Part 2.
India’s BRICS’ Dilemma: Multi-Alignment and Flexibility Without a Clear Global South Vision. Part 2.
Cumbre del BRICS+: entre promesas y contradicciones
Read in English here
La 18va Cumbre del BRICS, celebrada en Nueva Delhi del 12 al 13 de septiembre, tuvo lugar en medio de una intensificación excepcional de las contradicciones internacionales. Las guerras en Asia Occidental, las sanciones unilaterales, las barreras arancelarias y el uso de las finanzas y la tecnología como armas han puesto de manifiesto el carácter fundamentalmente desigual del orden internacional dominado por el imperialismo. En este contexto, la continua expansión del BRICS refleja el deseo de los países en desarrollo de alcanzar una mayor autonomía estratégica y un sistema más democrático de gobernanza global. Al mismo tiempo, la cumbre demostró que el BRICS+ sigue siendo una agrupación heterogénea cuyos miembros difieren sustancialmente en sus alineamientos políticos e intereses económicos.
La Declaración de Nueva Delhi, resultado de la cumbre, reiteró la exigencia de una reforma de las Naciones Unidas, las instituciones financieras internacionales y el sistema comercial multilateral. Se opuso a las sanciones unilaterales no autorizadas por el Consejo de Seguridad de las Naciones Unidas y abogó por un mayor comercio en monedas nacionales. La declaración también respaldó una mayor representación de los países en desarrollo en instituciones cuyas normas siguen siendo determinadas principalmente por los Estados Unidos y sus aliados. Estas posturas tienen una importancia objetiva en un momento en que Washington recurre cada vez más a sanciones, aranceles, controles a la exportación y control sobre los sistemas de pago para disciplinar a los países que se niegan a aceptar sus dictados.
Ambigüedad
Sin embargo, el lenguaje cuidadosamente negociado de la declaración también reveló las limitaciones de la formación ampliada. El BRICS+ incluye ahora a países sometidos a una presión occidental sostenida, como Rusia e Irán, así como a los Emiratos Árabes Unidos y otros Estados que mantienen amplios vínculos económicos y de seguridad con Occidente. En consecuencia, el consenso solo puede mantenerse mediante formulaciones que reconozcan los conflictos sin identificar siempre sus causas políticas. Esta ambigüedad fue especialmente evidente en el tratamiento que se dio en la cumbre a la guerra cada vez más extensa en Asia Occidental y a la postura adoptada por Irán.
El presidente iraní, Masoud Pezeshkian, aprovechó la cumbre para denunciar las sanciones unilaterales y la guerra de agresión contra Irán llevada a cabo por los Estados Unidos e Israel. Destacó acertadamente que la resiliencia económica no puede separarse de la paz, la soberanía y la seguridad. Irán también abogó por el comercio en monedas nacionales, un mayor uso del Nuevo Banco de Desarrollo y la construcción de corredores independientes de transporte y energía (tal como ya lo ha hecho a través de Pakistán, que ha proporcionado seis rutas terrestres para que las mercancías chinas y rusas ingresen a Irán). Para un país sometido a décadas de sanciones, a la exclusión de las redes financieras occidentales y a repetidas amenazas de cambio de régimen, la pertenencia al BRICS+ representa una importante oportunidad diplomática y económica.
La postura de Irán, sin embargo, presenta una marcada ambigüedad. Teherán presenta al BRICS+ como un instrumento para resistir el unilateralismo y defender la soberanía. Al mismo tiempo, debe buscar un acuerdo con los estados vecinos del Golfo, varios de los cuales están profundamente integrados con el capital occidental y los acuerdos de seguridad.
Irán firmó una declaración en la que se pedía moderación y desescalada, al tiempo que acusaba a los Estados Unidos e Israel de agresión y defendía sus propias acciones de represalia. Su postura combativa frente a la presión hiperimperialista se combina, por lo tanto, con un esfuerzo pragmático por evitar el aislamiento regional, asegurar el alivio de las sanciones y preservar los canales de negociación.
Esto no debe interpretarse simplemente como una inconsistencia. Irán se enfrenta a una coalición militar y financiera muy superior y debe maniobrar dentro de severas limitaciones. Pero también ilustra el problema más amplio al que se enfrenta el BRICS+. La oposición a la dominación occidental no genera automáticamente un programa antiimperialista coherente. Los Estados participantes son Estados capitalistas que persiguen sus respectivos intereses nacionales. Sus clases dominantes pueden resistirse a aspectos particulares de la hegemonía estadounidense, al tiempo que se mantienen dispuestas a llegar a acuerdos con las finanzas globales o con potencias reaccionarias regionales. En consecuencia, el BRICS+ es un escenario de lucha dentro del orden mundial en transformación, no una alternativa ya constituida al hiperimperialismo.
Socios
El acontecimiento político más trascendental de la cumbre para Asia fue la reunión entre el primer ministro Narendra Modi y el presidente chino Xi Jinping. La primera visita de Xi a la India en siete años confirmó la mejora gradual de las relaciones desde los acuerdos de retirada militar iniciados en 2024. Los dos líderes coincidieron en que la India y China deben considerarse socios en lugar de rivales y abordar las relaciones bilaterales desde una perspectiva estratégica a largo plazo. También discutieron la cuestión fronteriza, el comercio, el acceso a los mercados y los problemas de la cadena de suministro.
Cualquier mejora duradera en las relaciones entre la India y China debe ser bienvenida. La prolongada confrontación tras el enfrentamiento en el valle de Galwan de 2020 perjudicó a ambos países, aumentó el gasto militar y fortaleció los esfuerzos de los Estados Unidos por incorporar a la India a su estrategia indopacífica. Washington ha buscado constantemente convertir a la India en un contrapeso estratégico frente a China a través del Quad y la expansión de la cooperación militar y tecnológica. Por lo tanto, una confrontación continua entre la India y China beneficia mucho más a la estrategia de los Estados Unidos que a los intereses de los pueblos indio o chino.
La paz y la tranquilidad a lo largo de la Línea de Control Efectivo siguen siendo indispensables. Los acuerdos sobre la retirada deben ir seguidos de un compromiso sostenido a nivel diplomático y militar, la aclaración de las zonas en disputa y la observancia estricta de los acuerdos existentes. No se debe permitir que ni la retórica nacionalista ni la construcción competitiva de infraestructura desencadenen otra confrontación. Las diferencias sobre la frontera no pueden ignorarse, pero pueden y deben gestionarse sin subordinar toda la relación a una rivalidad militarizada.
Las relaciones económicas presentan una contradicción igualmente difícil. China es uno de los mayores socios comerciales de la India y una importante fuente de maquinaria, componentes electrónicos, productos químicos, equipos de energía renovable y otros insumos industriales. Sin embargo, el enorme déficit comercial de la India con China refleja tanto la debilidad del sector manufacturero indio como los obstáculos que enfrentan las exportaciones indias en el mercado chino. Para abordar este desequilibrio se requiere un mejor acceso al mercado, inversión china en condiciones transparentes y, sobre todo, una política industrial india capaz de desarrollar la capacidad productiva nacional. Durante los últimos seis meses, el comercio bilateral se ha disparado.
El enfoque del Gobierno de Modi ha alternado entre la dependencia de las importaciones chinas y las restricciones, motivadas políticamente, a la inversión y la tecnología chinas. Su retórica de “China más uno” no puede ocultar el fracaso de sus propias políticas para generar una industrialización de base amplia. Tampoco una alineación estratégica más estrecha con los Estados Unidos puede proporcionar a la India una base manufacturera independiente. Los Estados Unidos busca un acceso privilegiado al mercado indio, al tiempo que recurre a aranceles, restricciones tecnológicas y presión política cada vez que las políticas indias se apartan de sus intereses. La incoherencia del Gobierno de Modi se pone de manifiesto, sobre todo, en su incapacidad para elaborar realmente una agenda nacional de desarrollo que aproveche el dinamismo de la economía china y se distancie de unos Estados Unidos más orientados hacia el nacionalismo económico.
China, por su parte, debe reconocer que unas relaciones estables requieren sensibilidad ante las preocupaciones legítimas de la India. Entre ellas se encuentran la cuestión fronteriza sin resolver, el acceso desigual al mercado y el desequilibrio comercial. La considerable asimetría entre las dos economías hace que la reciprocidad sea particularmente importante. El llamado de Pekín a la colaboración solo cobrará sentido cuando vaya acompañado de medidas prácticas que permitan el ingreso de bienes y servicios indios al mercado chino y eviten que las tensiones fronterizas acaben repetidamente por opacar el diálogo político.
La cooperación entre la India y China otorgaría al BRICS+ un peso mucho mayor en la lucha por la democratización del orden internacional. Juntos, ambos países representan más de un tercio de la humanidad.
Su cooperación podría impulsar la reforma de las instituciones internacionales, el financiamiento climático, el intercambio de tecnología, las iniciativas de salud pública y un sistema comercial más justo. Por el contrario, una nueva confrontación paralizaría al BRICS+ y permitiría que potencias externas se aprovecharan de las divisiones en toda Asia. Por lo tanto, la India debe seguir una política exterior independiente basada en la coexistencia pacífica, y no participar en un proyecto estadounidense destinado a contener a China.
La cumbre de Nueva Delhi generó propuestas para la continuidad institucional, una cooperación financiera más sólida y una mayor resiliencia entre las economías en desarrollo. Sin embargo, las declaraciones tendrán un valor limitado a menos que se traduzcan en acuerdos concretos. El Nuevo Banco de Desarrollo debe ampliar los préstamos en monedas nacionales y dar prioridad a la infraestructura socialmente necesaria, en lugar de reproducir las condiciones y la orientación corporativa del Banco Mundial. Los mecanismos de pago transfronterizos deben desarrollarse de manera transparente, sin crear nuevas formas de dominación por parte de las economías más fuertes del BRICS. Las enérgicas declaraciones en apoyo de la Revolución Cubana y de las aspiraciones de autodeterminación del pueblo palestino deberán tener una aplicación práctica. ¿Encontrará el BRICS+ una manera de romper el cruel e ilegal embargo de Estados Unidos contra Cuba, y brindará el BRICS+ apoyo para la reactivación de la vida política palestina?
El BRICS+ encarna tanto el movimiento hacia un nuevo equilibrio mundial como todas las contradicciones de ese movimiento. El cauteloso acercamiento entre India y China es un ejemplo de dicha contradicción, ya que combina el reconocimiento de la dependencia mutua con una desconfianza estratégica sin resolver. El futuro del BRICS+ dependerá de si dichas contradicciones se gestionan de manera pacífica y de si la cooperación genera beneficios tangibles para los trabajadores, en lugar de limitarse a ampliar el margen de maniobra de las clases dominantes nacionales.
Para la India, el camino a seguir es claro: restablecer relaciones normales y pacíficas con China, resistirse a ser incorporada a la estrategia militar de los Estados Unidos, oponerse a la agresión y a las sanciones unilaterales contra Irán, y trabajar por un orden multilateral genuinamente democrático. Solo habrá un nuevo equilibrio mundial cuando se restrinja la dominación hiperimperialista y se amplíen la soberanía y las posibilidades de desarrollo de los pueblos. La cumbre de Nueva Delhi marcó un paso más en esa transición controvertida, pero la dirección y el contenido social del orden emergente siguen siendo objeto de lucha política.
Vijay Prashad es un historiador y periodista indio. Es autor de cuarenta libros, entre los que se incluyen Balas de Washington, Una estrella roja sobre el Tercer Mundo, Las naciones oscuras: una historia del Tercer Mundo; Las naciones pobres: una posible historia del Sur Global y How the International Monetary Fund Suffocates Africa, escrito con Grieve Chelwa. Es el director ejecutivo de Tricontinental: Instituto de Investigación Social, corresponsal jefe de Globetrotter, y el editor jefe de LeftWord Books (Nueva Delhi). También ha hecho apariciones en las películas Shadow World (2016) y Two Meetings (2017).
Este artículo fue elaborado por Globetrotter.
BRICS+ Summit: between promises and contradictions
Lee en español aquí
The 18th BRICS Summit, held in New Delhi on September 12–13, occurred amid an exceptional intensification of international contradictions. Wars in West Asia, unilateral sanctions, tariff barriers, and the weaponization of finance and technology have exposed the fundamentally unequal character of the imperialist-dominated international order. Against this background, the continued expansion of BRICS reflects the desire of developing countries for greater strategic autonomy and a more democratic system of global governance. At the same time, the summit demonstrated that BRICS+ remains a heterogeneous grouping whose members differ substantially in their political alignments and economic interests.
The New Delhi Declaration, the outcome of the summit, reiterated the demand for reform of the United Nations, international financial institutions, and the multilateral trading system. It opposed unilateral sanctions not authorized by the United Nations Security Council and advocated greater trade in national currencies. The declaration also supported increased representation for developing countries in institutions whose rules continue to be determined primarily by the United States and its allies. These positions have objective significance at a time when Washington increasingly employs sanctions, tariffs, export controls, and control over payment systems to discipline countries unwilling to accept its dictates.
Read more: BRICS nations call for end of US blockade on Cuba, condemn Israeli and US violations in Iran
Ambiguity
Yet the declaration’s carefully-negotiated language also revealed the limitations of the expanded formation. BRICS+ now includes countries subjected to sustained Western pressure, such as Russia and Iran, as well as the United Arab Emirates and other states retaining extensive economic and security ties with the West. Consensus can consequently be maintained only through formulations that acknowledge conflicts without always identifying their political causes.
This ambiguity was especially apparent in the summit’s treatment of the widening war in West Asia and the position adopted by Iran.
Iranian President Masoud Pezeshkian used the summit to denounce unilateral sanctions and the war of aggression against Iran carried out by the United States and Israel. He correctly stressed that economic resilience cannot be separated from peace, sovereignty, and security.
Iran also advocated trade in national currencies, greater use of the New Development Bank, and the construction of independent transport and energy corridors (as it has already created through Pakistan, which has provided six roadways for Chinese and Russian goods to enter Iran). For a country subjected to decades of sanctions, exclusion from Western financial networks, and repeated threats of regime change, membership of BRICS+ provides an important diplomatic and economic opening.
Iran’s position, however, contains a marked ambiguity. Tehran presents BRICS+ as an instrument for resisting unilateralism and defending sovereignty. Simultaneously, it must seek accommodation with neighboring Gulf states, several of which are deeply integrated with Western capital and security arrangements. Iran signed a declaration calling for restraint and de-escalation even while accusing the United States and Israel of aggression and defending its own retaliatory actions. Its militancy against hyper-imperialist pressure is therefore combined with a pragmatic effort to avoid regional isolation, secure sanctions relief, and preserve channels of negotiation.
Read more: No new talks with the US until the previous conditions are met, says Iran
This should not be understood simply as inconsistency. Iran confronts a vastly superior military and financial coalition and must maneuver within severe constraints. But it also illustrates the broader problem facing BRICS+. Opposition to Western domination does not automatically produce a coherent anti-imperialist program. The participating states are capitalist states pursuing their respective national interests. Their ruling classes may resist particular aspects of US hegemony while remaining prepared to reach accommodations with global finance or with regional reactionary powers. BRICS+ is consequently an arena of struggle within the changing world order, not an already constituted alternative to hyper-imperialism.
Partners
The summit’s most consequential political development for Asia was the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping. Xi’s first visit to India in seven years confirmed the gradual improvement in relations since the military disengagement arrangements initiated in 2024. The two leaders agreed that India and China should regard each other as partners rather than rivals and approach bilateral relations from a long-term strategic perspective. They also discussed the boundary question, trade, market access and supply-chain problems.
Any durable improvement in India–China relations must be welcomed. The prolonged confrontation following the Galwan Valley clash of 2020 damaged both countries, increased military expenditure and strengthened the efforts of the United States to incorporate India into its Indo-Pacific strategy. Washington has consistently sought to turn India into a strategic counterweight to China through the Quad and expanding military and technological cooperation. A continuing India–China confrontation therefore serves US strategy far more than it serves the interests of the Indian or Chinese peoples.
Peace and tranquillity along the Line of Actual Control remain indispensable. Agreements on disengagement must be followed by sustained diplomatic and military-level engagement, clarification of disputed areas and strict observance of existing arrangements. Neither nationalist rhetoric nor competitive infrastructure construction should be allowed to trigger another confrontation. Differences over the boundary cannot be wished away, but they can and must be managed without subordinating the entire relationship to militarised rivalry.
Economic relations present an equally difficult contradiction. China is one of India’s largest trading partners and an important source of machinery, electronic components, chemicals, renewable-energy equipment and other industrial inputs. India’s enormous trade deficit with China, however, reflects both the weakness of Indian manufacturing and the obstacles faced by Indian exports in the Chinese market. Addressing this imbalance requires improved market access, Chinese investment under transparent conditions and, above all, an Indian industrial policy capable of developing domestic productive capacity. Over the past six months, two-way bilateral trade has soared.
The Modi government’s approach has alternated between dependence on Chinese imports and politically motivated restrictions on Chinese investment and technology. Its “China-plus-one” rhetoric cannot conceal the failure of its own policies to generate broad-based industrialisation. Nor can closer strategic alignment with the United States supply India with an independent manufacturing base. The US seeks privileged access to the Indian market while using tariffs, technology restrictions and political pressure whenever Indian policies diverge from its interests. The incoherence of the Modi government is best demonstrated in its inability to actually produce a national development agenda that takes advantage of the buoyancy of the Chinese economy and disengages from a United State more geared towards economic nationalism.
China, for its part, must recognize that stable relations require sensitivity to India’s legitimate concerns. These include the unresolved boundary, unequal market access and the trade imbalance. The considerable asymmetry between the two economies makes reciprocity particularly important. Beijing’s call for partnership will acquire substance only when accompanied by practical measures enabling Indian goods and services to enter the Chinese market and preventing border tensions from repeatedly overwhelming political dialogue.
Cooperation between India and China would give BRICS+ far greater weight in the struggle for democratization of the international order. Together, the two countries represent more than a third of humanity. Their cooperation could advance reform of international institutions, climate finance, technology sharing, public-health initiatives, and a fairer trading system. Conversely, renewed confrontation would paralyse BRICS+ and permit outside powers to exploit divisions throughout Asia. India must therefore pursue an independent foreign policy based on peaceful coexistence, not participate in a US project to contain China.
The New Delhi summit produced proposals for institutional continuity, stronger financial cooperation, and greater resilience among developing economies. But declarations will have limited value unless translated into material arrangements. The New Development Bank must expand lending in national currencies and prioritize socially necessary infrastructure rather than reproduce the conditionalities and corporate orientation of the World Bank. Cross-border payment mechanisms must be developed transparently, without creating new forms of domination by the strongest BRICS economies. The strong statements on behalf of the Cuban Revolution and the Palestinian people’s aspirations for self-determination will need practical application.
Will the BRICS+ find a way to break the cruel and illegal US embargo on Cuba, and will the BRICS+ provide support for the revival of Palestinian political life?
BRICS+ embodies both the movement towards a new world equilibrium and all the contradictions of that movement. The cautious India–China rapprochement is one example of the contradiction, combining recognition of mutual dependence with unresolved strategic distrust. The future of BRICS+ will depend upon whether such contradictions are peacefully managed and whether cooperation delivers tangible gains to working people rather than merely expanding the room for maneuver of national ruling classes.
For India, the necessary course is clear: restore normal and peaceful relations with China, resist incorporation into the United States’ military strategy, oppose aggression and unilateral sanctions against Iran, and work for a genuinely democratic multilateral order. A new world equilibrium will only be when it restricts hyper-imperialist domination and enlarges the sovereignty and developmental possibilities of peoples. The New Delhi summit marked another step in that contested transition, but the direction and social content of the emerging order remain matters of political struggle.
Vijay Prashad is an Indian historian and journalist. He is the author of forty books, including Washington Bullets, Red Star Over the Third World, The Darker Nations: A People’s History of the Third World, The Poorer Nations: A Possible History of the Global South, and How the International Monetary Fund Suffocates Africa, written with Grieve Chelwa. He is the executive director of Tricontinental: Institute for Social Research, the chief correspondent for Globetrotter, and the chief editor of LeftWord Books (New Delhi). He also appeared in the films Shadow World (2016) and Two Meetings (2017).
This article was produced by Globetrotter.
The Breaking of the Unipolar World – A Move Toward Multipolarity
Address by Russian President Vladimir Putin at the BRICS Business Forum
Türkiye Misses BRICS Summit in New Delhi
- New Eastern Outlook
- Interview with Rosatom CEO Alexey Likhachev on RT regarding the corporation’s overseas projects and the development of cooperation with BRICS countries
India must return to its roots and recover its voice
At the BRICS Business Forum in Bharat Mandapam on Friday, Russian President Vladimir Putin read out the numbers. The eleven members of this grouping now produce more than 40% of the world’s output. The G7 produces 29. Over the last five years, BRICS countries generated more than half of all global growth. The G7 managed 18%. Narendra Modi, speaking at the same event, added that the bloc is home to half of humanity and a quarter of world trade.
This is not rhetoric. The center of gravity of the world economy has moved, and India is in the chair while it happens.
Now recall something else that took place in that same hall. On May 24 of this year, US Secretary of State Marco Rubio sat down in Bharat Mandapam for an interview with India Today. Asked about Iran’s closure of the Strait of Hormuz, he called it “illegal, unlawful, reckless, dangerous, and unacceptable.” Then he said something more revealing. “I think the whole world needs to say that, and most of the countries in the world are saying that. India is saying that.“
A US official, sitting in Delhi, announced India’s foreign policy position on its behalf. Nobody in the room corrected him. In the same interview Rubio said the trade agreement was “weeks, not months” away. Four months later, it is still unsigned.
India and the construction of the Global South
In March 1947, months before independence, Delhi hosted the Asian Relations Conference. At the Bandung Conference in 1955, India’s first Prime Minister Jawaharlal Nehru was among the chief architects of an idea that seemed audacious then and remains unfinished now: that newly free countries did not have to rent themselves to Washington or Moscow to be taken seriously. The Bandung spirit produced the Non-Aligned Movement, then the Group of 77 in 1964, and then the demand through the 1970s for a New International Economic Order, which was simply a demand that the IMF and the World Bank stop working only for the countries that funded them. India made those arguments first and made them at a time when the material conditions were not as conducive as we see today.
What India has done inside BRICS follows directly from that. At the Delhi summit of 2012, under Manmohan Singh, the group took up the idea of a development bank and asked its finance ministers to study it. That became the New Development Bank, with an Indian, K.V. Kamath, as its first head. The same summit set up the $100 billion Contingent Reserve Arrangement. At Goa in 2016 both were made operational, and India put forward the idea of a BRICS credit rating agency, aimed squarely at the three Western firms whose verdicts decide what every poor country pays to borrow. In 2021 India proposed the BRICS platform for digital public goods. Across four chairships and two very different governments, India’s contribution has been consistent: turning complaints about an unfair world into institutions that can actually be used.
Now look at how Washington talks about the country.
In July 2025, announcing his first tariffs, US President Donald Trump called India and Russia “dead economies” and said they could “take their dead economies down together, for all I care.” He has called India the “tariff king” and its trade rules “obnoxious.” After Indian Prime Minister Narendra Modi went to the Shanghai Cooperation Organization summit, Trump called the relationship “a totally one-sided disaster.” In April this year he shared, without comment, a post describing India as “some other hellhole on the planet.” Our foreign ministry replied that this was “uninformed, inappropriate and in poor taste.” When Rubio was asked in Delhi about the racist abuse Indians face in America, he said that “every country in the world has stupid people.”
No country of India’s size is spoken to this way. The damage is not to anyone’s feelings. It is what other governments now expect of us.
Standing is not a sentiment. It is a prediction that other capitals make about how you will behave when you are pushed. For seventy years, the prediction about India was that it would not be told what its position was.
Five things India should do this week
Start with Iran, because the silence there has cost us the most.
Standing with Tehran has nothing to do with liking its government. A member state of the United Nations was illegally bombed by Israel and the United States of America, and its leadership killed. If the largest grouping of developing countries cannot say so plainly, then sovereignty becomes a privilege granted at Washington’s pleasure, and every country sitting in Bharat Mandapam holds it on loan. Bandung was convened to reject exactly this, and India wrote the rejection.
Our own losses are not abstract. The frigate Dena was sunk on March 4 with 87 men aboard, days after exercising with the Indian Navy at Visakhapatnam. Admiral Arun Prakash, a former navy chief, called it “a perverse act” by a country “supposed to be friends and partners.” More than 11 Indian sailors have been killed since. The Hormuz carries most of our cooking gas, and its closure puts queues outside Indian kitchens. The Iranian port city and free-trade zone Chabahar, representing a decade of Indian money and our only road to Central Asia that avoids Pakistan, was abandoned when an American waiver was allowed to lapse in April. We have been here before. In Trump’s first term, India resisted American sanctions on Iran and then gave in completely, ending every barrel of Iranian oil and damaging a relationship built over centuries.
So why does the Indian state keep walking towards Washington after every humiliation? Not out of confusion. The corporate class that matters politically in this country raises money in New York, lists there, sells services there and answers to regulators there. For them, alignment is good business. For the sorghum farmer in Rajasthan, whose tariff protection was traded away in February, it is ruined. Over 45% of Indians still depend on farming.
The chairship is the one thing Washington cannot take from India this week. Five demands would make the Delhi Declaration an important step towards global south solidarity and action.
One. Name it. The declaration must say what was done to Iran and to the Strait of Hormuz and must reject unilateral secondary sanctions as a category. Washington has increased sanctions on its targets by 933% in recent decades. A bloc that cannot describe the main act of force in its own year has told everyone what its words are worth.
Two. Put Global South debt at the center. Some 3.4 billion people live in countries that spend more on debt interest than on health or education. In 2023 the poorer nations paid $25 billion more to foreign creditors than they received. India should make debt relief the bloc’s headline demand and push the New Development Bank to lend without IMF-style conditions attached.
Three. Open the door wider. BRICS should stop behaving like a club of the eleven. Expand New Development Bank membership to developing countries outside the grouping, give partner states a real say rather than a seat at the back, and have India publicly champion Africa’s place in the bloc’s decision-making.
Four. Build food security together. Set up the grain exchange, and behind it a shared reserve that member and partner countries can draw on. India, of all countries, knows what it means to depend on someone else’s harvest. We must remember the history when India went to Washington for wheat in the 1960s and spent thirty years making sure we would never do it again.
Five. Make reform a demand of the bloc, not a bid for ourselves. India has spent two decades asking for a permanent Security Council seat. It should spend this week asking for Africa’s, and for an end to the 85% voting rule that gives the United States a permanent veto at the IMF. Ask for everyone, and the asking carries weight. Ask only for yourself, and it looks like what it is.
In 1947 India convened the Asia Relations Conference in Delhi with no power and enormous standing. In 2026 it has real power and is spending the time standing down. A new Bandung will not be built by a country that waits to be told what it thinks.
Atul Chandra is the Asia Co-Coordinators of Tricontinental: Institute for Social Research.
This article was produced by Globetrotter.
Address by Russian President Vladimir Putin at the BRICS and BRICS Plus meeting
BRICS in New Delhi: From Global South Platform to Emerging Alternative
- BT News
- BRICS nations call for end of US blockade on Cuba, condemn Israeli and US violations in Iran
BRICS nations call for end of US blockade on Cuba, condemn Israeli and US violations in Iran
The 18th BRICS summit concluded in New Delhi on Sunday, September 13, with the unanimous adoption of the New Delhi declaration condemning wars in West Asia and reiterating calls for a more democratic and multilateral world order.
This year marks the 20th anniversary of the formation of the grouping with the core objective of democratizing global governance and promoting multilateralism and cooperation among the countries of the Global South.
This years’ summit was held around the theme of “Building for Resilience, Innovation, Cooperation and Sustainability.”
The summit, hosted by Indian Prime Minister Narendra Modi, was also attended by Chinese President Xi Jinping, Russian President Vladimir Putin, Iranian President Masoud Pezeshkian, South African President Cyril Ramaphosa, Indonesian President Prabowo Subianto among others.
Several heads of international organizations, including the secretary general of the UN, Antonio Guterres also attended the summit.
In the context of ongoing US attempts to outright control the region in complete disregard to the independence of the countries and the international law, the BRICS joint declaration underlined that “the character of Latin America and the Caribbean as a zone of peace, built on mutual respect, peaceful settlement of disputes, and non-intervention” must be respected.
It particularly expressed “deep concern on the situation relating to Cuba due to the tightening of unilateral [US] blockade measures against the country, their adverse effects on the Cuban economy, energy supplies and the worrying humanitarian impact on the Cuban people,” and demanded the immediate end of all such political and economic measures in accordance with UN General Assembly resolutions.
The 11 members of the BRICS (Brazil, Russia, India, Iran, Indonesia, China, Ethiopia, Egypt, UAE, and South Africa with Saudi Arabia yet to formally join) represent over 30% of the global economy and nearly half of the world’s total population.
Israel and US must respect international law
Though the joint declaration did not explicitly name the US and mentioned Israel once, it expressed great concern over the wars in Iran, Palestine, and Lebanon, demanding the aggressors respect international law and resolve all standing conflicts through the multilateral forums and diplomacy.
It also expressed serious concerns over “deliberate attacks on civilian infrastructure and peaceful nuclear facilities under full safeguards of the International Atomic Energy Agency (IAEA)” in Iran, calling them a violation of international law.
The joint US-Israeli aggression, both in June 2025 and since February this year, targeted several civilian infrastructure, assassinated political figures and bombed civilian nuclear facilities in Iran in complete violations of existing laws and norms endangering massive human destruction.
The joint declaration also underlined the need to ensure the smooth flow of “global trade, supply chain and energy” in accordance with international law.
Both Iran and the UAE, which hosts US bases used for attacks on Iran, are full members of BRICS. The UAE has condemned the Iranian retaliation to US bases in the country and recently announced the suspension of all trade and economic relations with Iran.
The Abu Dhabi crown prince Sheikh Khalid Bin Mohamed bin Zayed Al Nahyan, representing his country at the summit in New Delhi, had a brief conversation with Pezeshkian on the sidelines.
Read more: Iran reverses the asymmetry
The BRICS nations also criticized the continued violations of the ceasefire in Gaza, declared in October last year, by the Israeli forces. It demanded a halt of the plan for “forced displacement of Palestinians from Gaza” and asked Israel to fully respect the human rights of Palestinians.
It reiterated its support for a two-state solution within the 1967 borders and full membership for the Palestinian state in the UN.
BRICS nations also condemned the continued violations of the ceasefire and sovereignty and territorial integrity of Lebanon by Israel, demanding the withdrawal of all its forces from occupied Lebanese territories.
Against unilateralism and attempts to undermine multilateral institutions
BRICS nations reiterated their joint commitment to “reforming and improving global governance” including the UN and global financial and trade institutions by promoting a more just and equitable, representative and accountable international and “multilateral system in the spirit of extensive consultation, joint contribution and shared benefits.”
BRICS also condemned the attempts to “unilaterally undermine the work of global multilateral institutions and impair the implementation of their respective mandates” in a likely indication to the recent US attacks on the UN and International Criminal Court (ICC).
In the context of US attempts to “economically isolate” Iran and threats of secondary sanctions on countries who do not comply with its measures, its sanctions on Cuba and various other countries, the BRICS joint declaration condemned the repeated invocations of all forms of “unilateral coercive measures,” calling them contradictory to international law.
Such measures “have far reaching negative implications for human rights, including the rights to development, health and food security” with disproportionate effects on poor and vulnerable sections of the society, the declaration noted.
Several leaders, including Chinese President Xi Jinping, called for greater unity and cooperation among the BRICS members and the countries of the Global South to pave the way for the democratization of the international order and greater mutual economic development.
Xi called the Global South the key driver of world multipolarity, asking them to jointly defend the rule of law in international politics.
The BRICS joint declaration also called for a greater collective push for the achievement of the UN Sustainable Development Goals by 2030 and named the global eradication of poverty as one of its central objectives.
Africa’s BRICS opportunity: from resources to productive power
The enlargement of BRICS presents Africa with a wider field of economic possibilities by bringing the continent into closer relationship with some of the world’s largest markets, important sources of development finance and countries possessing substantial capabilities in manufacturing, energy, infrastructure, pharmaceuticals, agriculture, and advanced technologies. At a time when international economic relations are becoming increasingly fragmented, this wider range of relationships gives African countries greater room for maneuver.
But a wider choice of trading partners, financiers, and technological partners will mean considerably less if Africa continues to export raw materials, import sophisticated technologies, and occupy the lower reaches of global value chains, because the destination of our commodities may become more diversified without fundamentally altering our position in the international division of labor. It is not the direction of extraction that has ever been the problem, but its structure.
20 years of BRICS
This should therefore be the central African question about BRICS as it enters its third decade: how do we use this changing configuration of economic relationships to build productive power on the continent? The measure of Africa’s engagement with BRICS cannot simply be the increase in trade, investment or infrastructure finance, but must increasingly be whether these relationships enable African economies to convert their minerals, energy resources, labor, knowledge and expanding continental market into greater productive, technological and institutional capability.
Africa’s experience gives this question particular historical significance. The continent has been deeply integrated into the world economy for centuries, but largely through an economic structure in which minerals and agricultural commodities traveled enormous distances while much of the processing, manufacturing, technology, and financial value associated with them accumulated elsewhere. That structure remains recognizable in economies that export crude oil while importing refined petroleum products, export mineral ores while importing machinery and manufactured components and export agricultural commodities while importing processed goods derived from the same productive base.
Barriers to development
The post-colonial challenge has therefore never been to trade more but to build the productive capabilities that allow African economies to retain more value from what they produce. Yet this has become more difficult as several economies have experienced premature deindustrialization before manufacturing reached the scale needed to absorb large numbers of workers and sustain productivity growth. Domestic firms are frequently small, supplier networks remain shallow, and the relationship between universities, technical institutions and industry is often weak. Infrastructure still too often reflects the historical logic of moving commodities from sites of extraction to ports rather than connecting African centers of production.
Read more: The International Monetary Fund’s Africa policy is underdevelopment
The African Continental Free Trade Area creates the possibility of changing the scale at which we approach some of these problems. A continental market can support forms of industrial specialization that smaller national markets cannot, but the agreement will acquire its full developmental significance only when African firms possess the productive capacity to supply that market. Lowering tariffs creates trade opportunities; it does not by itself produce the firms, electricity, logistics, finance, skills and technical standards required to take advantage of those opportunities.
The emergence of BRICS creates new possibilities within this African project, but it does not guarantee the outcome. Consider the minerals required for the global energy transition. African countries possess significant deposits of manganese, platinum-group metals, cobalt, lithium, and other minerals required for batteries, electric mobility, renewable-energy systems and the wider low-carbon economy. Several BRICS economies already represent substantial sources of demand for these minerals, and their industrial and technological ambitions are likely to further increase that demand. The question is whether it can be structured to support African processing, refining and manufacturing rather than simply accelerating the export of unprocessed ore. For South Africa, this means asking whether its mineral endowments, established industrial base, scientific institutions and engineering capabilities can support new activities in batteries, fuel cells, electric mobility, and renewable-energy equipment. Elsewhere on the continent, mineral extraction can be progressively connected to refining, processing, component manufacturing, engineering services, and technical skills.
Regional integration consequently must become as much an industrial project as a trade project. A viable African battery value chain need not be reproduced inside the borders of a single country. Minerals extracted in one economy can be processed in another, components can be manufactured where industrial capabilities already exist, with assembly occurring close to sufficiently large markets. The strategic objective should be to connect these capabilities across the continent so that regional integration progressively expands the number of African firms, workers, and economies participating in higher-value activities. Regional institutions have recognized this opening. Both SADC and SACU have recently developed strategies to leverage their members’ critical mineral endowments for industrial development rather than raw export, embedding the beneficiation agenda within regional frameworks rather than leaving it to individual countries to negotiate alone. The question for BRICS partners is whether their infrastructure finance can connect regional production rather than reinforcing the extractive economic geography that routes everything to ports.
The experience of Indonesia is instructive in this respect. By restricting the export of unprocessed nickel ore, Indonesia used its resource endowment as an instrument of industrial policy, compelling downstream investment in domestic refining and processing and generating a measurable expansion of manufacturing activity around the minerals sector. The conditions in Indonesia differ from those across African mineral-producing economies, and no single approach transfers without adaptation, but the underlying logic, that a country with significant mineral endowments can use its position in global supply chains to anchor productive capability rather than to service demand, is directly relevant to the African debate. SADC and SACU frameworks enable the collective pursuit of that logic rather than individually, which considerably strengthens the negotiating position of member states.
Read more: For Africa to have digital sovereignty, it must control data and AI technology
A vehicle for regional integration and development
BRICS cooperation can be brought directly into this developmental space. Its members collectively possess capabilities that African economies require industrial finance, advanced manufacturing, energy technologies, digital systems, agricultural technologies, pharmaceuticals, logistics expertise and large consumer markets. The strategic African objective should therefore be to use these relationships to close specific productive gaps, rather than to approach BRICS principally as another destination for commodities. The test of each partnership is whether it leaves firms stronger, engineers more capable, supplier networks deeper, and regulatory institutions better equipped than before.
This requires developmental statecraft, understood not as a rhetorical commitment to the state’s role in development but as the organized capacity of public institutions to identify productive opportunities, direct finance towards them, negotiate technology partnerships on terms that leave capabilities behind, coordinate the different policy instruments that productive transformation requires, and sustain that effort through the inevitable difficulties of implementation. State capability, in this sense, is the operational form of sovereignty in practice. A government may possess all the formal attributes of sovereign authority whilst systematically lacking the institutional capacity to negotiate effectively with international capital, enforce agreements, direct finance towards developmental ends or build the regulatory knowledge that separates a beneficial technology partnership from another form of dependency.
The infrastructure and technology challenges illustrate the practical implications. Much of Africa’s transport network still reflects an extractive economic geography. The next generation of infrastructure must connect African economies and link transport corridors to processing facilities, industrial parks, energy systems, universities, cities, and regional markets rather than simply moving commodities more efficiently to ports. When an African country acquires sophisticated technology, the relevant question is what remains after the transaction: whether our engineers understand it, whether our universities can teach and improve it, whether domestic firms can enter its supply chains and whether we can progressively adapt it to local circumstances. The developmental value of technology partnerships lies ultimately in the capabilities they leave behind, and state capability is what determines whether those conditions are written into agreements and enforced when partners resist them.
Finance is an equally pressing matter in the African context. Large infrastructure projects can attract BRICS capital, but smaller domestic manufacturers and regional suppliers frequently lack the patient finance required to expand production, meet technical standards, and enter value chains. BRICS financing mechanisms, including the New Development Bank, could make a particularly consequential African contribution by complementing large infrastructure investment with financing for productive enterprises, supplier networks, and industrial projects.
Africa and BRICS
For Africa, these possibilities will not materialize automatically. The continent possesses many of the minerals upon which emerging industries will depend, the youngest population of any continent, enormous renewable-energy potential and a continental market whose importance will grow considerably during this century. But history provides ample evidence that endowments do not, by themselves, produce development, and the responsibilities that follow from this understanding fall primarily on African states rather than on any external partner. BRICS cannot perform these functions on Africa’s behalf, nor should it. What it can do is enlarge the range of instruments available to countries pursuing productive transformation.
Africa, therefore, confronts BRICS with both an opportunity and a test: the opportunity is a wider range of markets, finance, technologies, industrial partners, and development experiences, while the test is whether the continent uses this greater room for maneuver to change its productive structure or merely to diversify the destinations to which its commodities are exported. BRICS can enlarge Africa’s field of possibilities, but it cannot determine what Africa builds within it. The changing international order can give Africa greater room to act, while productive power will determine what we can do with that room.
Busani Ngcaweni is Director of the Centre for Public Policy and African Studies at the Johannesburg Business School, University of Johannesburg.
This article was produced by Globetrotter.
Why BRICS Matters for the Emerging Multipolar World
Tokayev calls for deeper BRICS plus cooperation on trade, AI and critical minerals
President Kassym-Jomart Tokayev called for deeper practical co-operation between Kazakhstan and BRICS countries in trade, logistics, artificial intelligence, critical minerals and water security, positioning the format as a platform for broader economic ties amid growing geopolitical fragmentation.
Speaking at the BRICS Plus plenary session in New Delhi on Sept. 13, Tokayev said Kazakhstan sees cooperation with the group as an opportunity to expand access to new markets, attract investment, strengthen transport links and advance technological development. President Kassym-Jomart Tokayev during the BRICS Plus plenary session in New Delhi on Sept. 13.
Tokayev described the current global environment as an era of “great fragmentation,” a term used in the 2026 Global Peace Index to characterize geopolitical confrontation, rising militarization, weakening multilateral institutions and growing trade barriers. He noted that BRICS, representing nearly half of the world’s population and around 40% of global GDP, has both the capacity and responsibility to help overcome global divisions and deliver concrete results. “Peace and strategic stability are necessary conditions for economic and sustainable development,”
Tokayev said, calling for a shift from the de-escalation of individual conflicts toward long-term stability based on political dialogue and diplomacy. Against this backdrop, Tokayev positioned BRICS as a platform for practical cooperation rather than an alternative to the existing international system.
“As a partner country, Kazakhstan views BRICS as an open platform for practical cooperation that complements the multilateral system with the central role of the United Nations and connects peoples, regions and markets,” he said. He added that Kazakhstan always seeks to find a “common ground on every difficult issue,” describing the approach as consistent with the country’s “balanced, goal-oriented foreign policy.” Anastasia Golyakova, founder of the ThinkBricks YouTube channel, said the approach reflects BRICS’ broader focus on resilience, innovation, cooperation and sustainability, priorities that have gained greater relevance amid rising geopolitical tensions.
Anastasia Golyakova, founder of the ThinkBricks YouTube channel. said closer cooperation among BRICS members could help address shared challenges while giving partner countries such as Kazakhstan greater access to the bloc’s growing trade, investment and technological opportunities. “BRICS gives much support to each other. So, from this point of view, for Kazakhstan, it’s a prosperous future, in my opinion,” Golyakova told The Astana Times.
Ayanangsha Maitra, an editor and a geopolitics specialist, echoed this view, saying Kazakhstan’s BRICS partnership could open new opportunities for economic cooperation and market access. “Although Kazakhstan is not a full BRICS member, its partnership with the grouping adds value at a time of growing geopolitical tensions and economic uncertainty,” Maitra told The Astana Times.
“BRICS could offer Kazakhstan additional avenues for cooperation with countries beyond its traditional economic and political partners,” he added. Expanding trade and investment The economic dimension of Kazakhstan’s BRICS engagement was central to Tokayev’s address. According to him, trade between Kazakhstan and BRICS members and partners was around $72 billion in 2025. “Having significant industrial, transit and technological potential, we intend to diversify trade, economic and investment ties with all BRICS countries.
As chairman of the Eurasian Economic Union, Kazakhstan supports the expansion of economic cooperation with BRICS and the advancement of work on concluding a free trade agreement with India,” Tokayev said.
Tokayev also called on the New Development Bank, a multilateral development bank established by the group, to consider financing commercially viable projects in BRICS countries, including Kazakhstan.
Maitra identified critical minerals, jewelry, fashion and textiles as areas with potential to expand Kazakhstan-India trade. “Despite Kazakhstan’s relatively modest population of around 20 million, the country has a strong entrepreneurial spirit and growing commercial links with India,” he said, pointing to increasing connectivity between the two countries.
Turning geography into connectivity Transport connectivity was another central element of Tokayev’s vision. “Last year, transit cargo volumes through Kazakhstan approached 40 million tons. Our long-term goal is to increase that figure to 100 million tons annually. Overall, our transit network already handles up to 85% of overland freight between China and Europe,” he said.
As part of the Trans-Caspian International Transport Route, Kazakhstan serves as a link between Asia and Europe through the Caspian Sea. Tokayev called for greater synergy between the Trans-Caspian route, China’s Belt and Road Initiative and the International North-South Transport Corridor. Maitra highlighted that Kazakhstan’s position within the EAEU, the Commonwealth of Independent States and the Shanghai Cooperation Organization provides access to major regional markets. Its participation in the International North-South Transport Corridor adds another layer of connectivity.
“BRICS could expand that network beyond Kazakhstan’s traditional regional partners. The partnership adds another dimension by opening access to markets across a wider group of countries,” he said. AI as a new layer of cooperation AI represents another area where Kazakhstan sees room for practical BRICS cooperation.
Tokayev said Kazakhstan is ready to use its computing infrastructure and national and UN digital centers to expand cooperation in AI and proposed establishing a BRICS Plus Partnership in Artificial Intelligence. The initiative, he said, could connect national AI centers, facilitate access to laboratories and research projects and support the development of multilingual AI solutions.
For Maitra, AI could also become an important area of Kazakhstan-India cooperation because the two countries bring complementary strengths. “India has a strong IT sector and a large pool of software engineers and technology professionals, while Kazakhstan has established connections across the CIS and wider Eurasian markets. That combination could help Indian technology companies reach markets where language and regional expertise remain barriers,” he said. Water security broadens the agenda Tokayev also linked sustainability to one of the country’s longstanding international priorities: water security. He reiterated Kazakhstan’s proposal to establish an International Water Organization as a specialized UN agency, arguing that global water governance remains fragmented and requires stronger international coordination.
“I invite the BRICS member states and partners to join the international consultations initiated by our country,” Tokayev said. Meeting with Narendra Modi On the sidelines of the summit, Tokayev also met with Indian Prime Minister Narendra Modi, highlighting India’s growing economic and technological weight and the expanding relationship between the two countries. Modi highlighted the potential for closer ties in high technology and the creative industries, including cooperation between Astana Hub and Hyderabad’s Cyberabad technology ecosystem. He also invited Kazakh representatives, particularly young people, to take part in the WAVES creative industries summit in Mumbai next year. The two leaders also discussed prospects for expanding economic ties between India and the Eurasian Economic Union.
Tokayev said Kazakhstan, as the current chair of the EAEU, supports negotiations on a free trade agreement between the bloc and India and is ready to help advance the process. Tokayev said around 600 companies with Indian capital operate in Kazakhstan, while nearly 150,000 Indian citizens visited the country last year. He also cited the large number of Indian students studying in Kazakhstan and cooperation between Astana and New Delhi within international organizations.
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BRICS Is Not Replacing the Dollar – It Is Building Options
China says regional integration is the path to security in West Asia
Chinese President Xi Jinping underlined the need for stronger international coordination for common security in West Asia and a reaffirmation of the UN Charter and international law.
Xi demanded external powers must respect sovereignty and territorial integrity of the countries in the region and stop interfering in their internal affairs.
China is ready to work with the countries in the region to “safeguard the security of international shipping lanes, advance development cooperation, promote the convergence of interests of regional countries, gradually enhance mutual trust, and eliminate root causes of the conflict,” Xi proposed.
Xi made the statement during his two day state visit to Egypt on Wednesday, September 2. This was his first state visit to the country in 10 years.
Xi’s visit coincided with the 70th anniversary of establishment of bilateral relations between the two countries and took on greater significance in the context of ongoing wars in Palestine, Lebanon, and Iran.
Xi and Egyptian President Abdel Fattah El-Sisi signed a joint declaration which recognized Palestine as the core issue in the region and underlined the importance of “reaching a just and lasting settlement based on the two-state solution” and creation of an “independent and sovereign” Palestinian state as per 1967 borders and with East Jerusalem as the capital.
Both the countries also rejected “any plans to displace the Palestinian people from their lands under any pretexts or names” and called for a true ceasefire in Gaza with unrestricted flow of humanitarian aid.
Israel has killed hundreds of Palestinians in Gaza since the ceasefire was announced last year in daily attacks. It has also prevented the flow of humanitarian aid to the region and expanded the war against Palestinians by launching attacks in other occupied territories such as the West Bank and East Jerusalem.
Xi’s four point proposal
Xi presented a four-point proposal for enhancing common security in West Asia, which will keep the external forces out and achieve lasting stability and peace in the region.
Guo Jiakun, official spokesperson of China’s Ministry of Foreign Affairs, explained Xi’s four points during a regular press conference on Thursday.
As per Xi’s proposal, increasing dialogue among the countries in the region is the first necessary step in achieving common security. This step must be followed by building comprehensive regional governance of hotspot issues.
Third, Xi claimed, increased possibilities of mutual development would pave the way towards lasting stability and security in the region.
Identifying that lasting peace and stability in the region is “fundamentally dependent on development” Xi also offered Chinese help to the countries in the region in achieving the same.
This regional set up, as the last step, needs international backing by institutions such as the UN for sustenance. The support of the countries in the region to the UN will in turn make it “play a tangible role in regional affairs” as well.
Amplifying the voice of Global South
The China-Egypt joint declaration talks about their efforts to amplify the voice of the Global South by “supporting the right of the developing countries to fair and balanced participation in international economic and political decision making.”
Egypt recently joined BRICS, a 11-member group working for a multipolar world and democratization of the global governing institutions including the UN and international financial institutions.
It also participated in the recently concluded Shanghai Cooperation Organization (SCO) summit in Bishkek as a Dialogue Partner. The summit adopted a joint declaration talking about the democratization of the global governance mechanisms.
Apart from BRICS and the SCO, Egypt and China are also part of the China-Arab States Cooperation Forum and Forum on China-Africa Cooperation. All these organizations have the stated goals of working against unilateralism and acts of bullying in international politics.
Their joint declaration also talked about strengthening political and security coordination on regional and international issues of common interest which may include conflicts in the region.
China is one of Egypt’s largest trading partner with their bilateral trade reaching $20 billion last year.
As a part of the larger agenda of the countries in the Global South to reduce their dependence on the US dollar, both the countries signed an agreement to pay for all their bilateral trade in their local currencies.