BRICS expresses frustration over West’s trade protectionism : Analysis

The BRICS foreign ministers met in Russia to discuss economic cooperation and the need for a multipolar world order. They criticized the US and its allies for engaging in protectionism in international trade. The ministers highlighted the importance of reforming global governance systems to give more voice to countries in the Global South. They emphasized the joint effort needed to achieve sustainable development, security, and economic growth. The BRICS economic bloc, initially consisting of Brazil, Russia, India, China, and South Africa, expanded with Iran, Ethiopia, Egypt, and the United Arab Emirates joining in 2024. Other states are interested in joining. BRICS surpassed the G7 in global GDP share in 2020, with a 32% share in 2023. The BRICS bank (NDB) projected a 40% share in global economic output by 2028 with the new members.

Analysis:
The article discusses the recent meeting of BRICS foreign ministers in Russia, emphasizing their focus on economic cooperation and advocating for a multipolar world order. While the article provides information on the expansion of the BRICS bloc with new members and its increasing share of global GDP, there are certain aspects that warrant careful consideration.

It is essential to evaluate the credibility of the sources that report on BRICS activities and statements made by foreign ministers. Additionally, there may be potential biases in the article, particularly if it leans towards promoting the BRICS agenda without critically assessing the challenges or limitations faced by the bloc.

The political landscape, characterized by competition between major global powers like the US and China, can influence how information about BRICS and its activities is perceived. With the prevalence of fake news and disinformation campaigns, the public’s understanding of BRICS and its role in global governance could be shaped by misinformation or skewed narratives.

In summary, while the article provides an overview of the recent BRICS meeting and its economic aspirations, readers should critically assess the information presented, consider potential biases, and seek multiple sources to form a more nuanced understanding of the topic.

Source: RT news: BRICS frustrated by West’s trade protectionism – Lavrov