Kazan, a historic city on the banks of the Volga River, is preparing to welcome leaders from the world’s leading emerging economies for the 16th BRICS Leaders’ Meeting on October 22, 2024. This summit is not just another gathering; it signifies the dawn of the “Greater BRICS” following a pivotal expansion of the group.
The expansion marks a new chapter for BRICS, setting a fresh course for cooperation among its members. As an emerging mechanism with increasing influence, the Greater BRICS is poised to play a more significant role in global governance, offering new perspectives and solutions to global challenges.
Back in July 2014, during the sixth BRICS Leaders’ Meeting in Fortaleza, Brazil, the seeds of this new spirit were sown. Leaders advocated for an open, inclusive, cooperative, and win-win approach, aiming to establish closer and more comprehensive partnerships. This vision provided conceptual support for new international relations and has been guiding the group’s endeavors ever since.
The BRICS spirit is about partnership, not alliance. It champions mutual respect, common progress, and strives for mutual benefit and win-win cooperation. This inclusive approach has allowed BRICS countries to actively engage in international cooperation, expanding their circle of friends, and enhancing their influence on the global stage.
The Kazan summit is expected to build upon these foundational principles. With the world grappling with complex economic, political, and social issues, the Greater BRICS aims to contribute significantly to shaping a more equitable global order. Leaders will discuss strategies to reform global governance structures, promote sustainable development, and foster economic growth among emerging markets and developing countries.
For the diverse populations of Asia and beyond, the outcomes of this summit hold particular significance. Business professionals, investors, academics, and cultural enthusiasts alike are watching closely, anticipating how the Greater BRICS will influence economic trends, open new business opportunities, and impact social landscapes across continents.
As the BRICS nations gather in Kazan, the world awaits the unfolding of this new era—a testament to the power of cooperation and the pursuit of a shared future.
Reference(s):
New round of expansion empowers the BRICS to improve global governance
cgtn.com
