In this week’s round-up:
- BRICS and the Global South: Anticipating the steps of the Global North
- Russia builds sanctions-proof trade routes with INSTC corridor, BRICS digital payments
- WATCH: Brazilian President Lula on AI, BRICS, dollar debate and more
- China set to become global hub for biotechnology-based manufacturing
- Two decades of intra-BRICS trade: Trade policies and patterns
Is BRICS Global South’s power table or just a headline? Brazil’s Lula explains
Speaking to India Today TV, Brazilian President Luiz Inacio Lula da Silva said that BRICS can amplify the Global South’s voice, reshape trade, and deepen multilateral cooperation beyond traditional forums like the G7 and G20.
China set to become global hub for biotechnology-based manufacturing
China is expected to emerge as one of the world’s leading centres for biotechnology-based manufacturing by 2030, with the domestic market forecast to reach about $260 billion – nearly a quarter of global output, as reported by Xinhua News Agency.
Russia builds sanctions-proof trade routes with INSTC corridor, BRICS digital payments
Moscow is advancing two major initiatives to bypass Western sanctions: the International North-South Transport Corridor linking Russia to India via Iran, and the BRICS Bridge digital payment system connecting central bank currencies. The 7,200-kilometer trade route cuts shipping time by 40%, while blockchain-based payments eliminate SWIFT dependency.
Two decades of intra-BRICS trade: Trade policies and patterns
As one of the world’s most important economic cooperation platforms, BRICS has expanded from five members to 10 members and 10 partner countries, with a significant increase in its role in the international economic landscape.
WATCH: Brazilian President Lula on AI, BRICS, dollar debate and more
In an exclusive interview with India Today, Brazilian President Luiz Inacio Lula da Silva outlined his agenda for the Brazil-India relationship, a multipolar global order, and emphasised the role of the Global South and the BRICS alliance.
BRICS and the Global South: Anticipating the steps of the Global North
The World Economic Forum, which has met annually in Davos, Switzerland, since 1971, revealed – through remarks by Canadian Prime Minister Mark Carney – the contested nature of the contemporary international order, even among global political and economic elites themselves. In his speech, Carney drew attention to the farce of the “rules‑based liberal international order,” whose reach, he argued, has never been truly universal but rather selectively imposed on less powerful states within the international system.
