At the BRICS Foreign Ministers' Meeting in Rio de Janeiro, China’s Foreign Minister Wang Yi championed a unified vision for modernizing global systems, urging member nations to amplify the voices of emerging economies. Here’s what you need to know:
🔹 Defend Fair Trade
Wang pushed BRICS countries to uphold WTO-centered trade rules, fight protectionism, and revive the organization’s dispute resolution mechanism. “Trade should empower, not exclude,” he emphasized, advocating for smoother cross-border business.
🔹 Fix the Financial System
The minister called for overhauling institutions like the IMF and World Bank to better reflect the Global South’s economic weight. His proposals included reshuffling shareholding structures to address historical imbalances in representation.
🔹 Go Green, Together
Highlighting climate urgency, Wang urged full implementation of the Paris Agreement and praised Brazil’s upcoming COP30 leadership. BRICS nations could lead in clean energy innovation, he noted, blending growth with sustainability 🌱.
🔹 Bridge the Digital Divide
From AI governance to fair internet access, Wang pushed for a UN-led “Global Digital Compact.” He also invited BRICS members to Shanghai’s 2025 World AI Conference, framing tech collaboration as key to inclusive progress 🚀.
With 65% of the world’s population represented in BRICS, these moves could redefine how global challenges are tackled – from climate to crypto. Keep watching this space!
