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Contradictions Grow Amid Another BRICS Summit

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Contradictions Grow Amid Another BRICS Summit

The group has always been diverse in terms of economic, political, and security interests. Is it anything more than an ineffective talkshop?

Contradictions Grow Amid Another BRICS Summit
Credit: Russian Presidential Press and Information Service

BRICS, the Brazil-Russia-India-China-South Africa grouping, met virtually on November 17 for its 12th summit meeting. Prior to the meeting, the Indian Ministry of External Affairs (MEA) released a statement saying that the meeting would discuss intra-BRICS cooperation around counterterrorism, energy, trade, health, and ways to mitigate the effects of the COVID-19 pandemic. Each of the five leaders stressed various aspects of cooperation in the face of the pandemic and the resultant economic slowdown. 

Chinese President Xi Jinping talked about “global epidemiological security” and said that “the BRICS countries firmly believe in the primacy of international law” and considered the World Health Organization to be the leading institution in addressing the pandemic. He added that once the pandemic is taken care of, focus must shift to economic recovery. Here, he argued “China can once again lead the way.” Citing how China’s “economy already bounced back from its low point earlier this year,” he said, “its new development paradigm of dual circulation where domestic and international circulation mutually reinforce one another will help stimulate the global economy” as well as “repair the damage done by some countries’ protectionist policies.” He concluded by saying that there will be “hiccups along the way” but “the trust-based relations between the BRICS countries could serve as a very stabilizing factor during this unprecedented transition in global political and economic affairs as the world begins to embrace new models.”  

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