New Delhi/Mumbai– External Affairs Minister Dr. S. Jaishankar represented India at the BRICS countries’ virtual emergency meeting on Monday evening, where several key issues were discussed. During the meeting, Dr. Jaishankar said that the current global situation has become a matter of serious concern. The multilateral system appears to be failing in the face of various global challenges. The global trade system, he stressed, should be based on the principles of openness and non-discrimination, and India believes it must be protected.
Without directly naming the U.S. and President Donald Trump, the Minister sent a strong message, saying, “The world requires constructive and cooperative approaches to promote trade that is sustainable. Increasing barriers and complicating transactions will not help. Neither would the linking of trade measures to non-trade matters.Trade must always be facilitated. Countries need to strengthen their economic systems and enhance cooperation in global trade, investment, and development.”
He further said, “The world as a collective is seeking a stable and predictable environment for trade and investment. At the same time, it is imperative that economic practices are fair, transparent and to everyone’s benefit. When there are multiple disruptions, our objective should be to proof it against such shocks. That means creating more resilient, reliable, redundant and shorter supply chains. Not just that, it is also essential that we democratize manufacturing and production and encourage their growth in different geographies. Progress in that regard will contribute to regional self-sufficiency and relieve anxieties at times of uncertainty.”
Expressing concern for the Global South, Dr. Jaishankar noted that the world today seeks immediate solutions to ongoing conflicts. The Global South, he said, has experienced setbacks in food, energy, and fertilizer security. Where shipping is targeted, not only trade but also livelihoods are affected.
It is believed that this emergency BRICS meeting was convened to find a counter to Trump’s tariff policies. The meeting was attended by, alongside Minister Jaishankar, Chinese President Xi Jinping, Russian President Vladimir Putin, Brazilian President Lula da Silva, and others.
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