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BRICS issues Joint Statement on Multilateralism

  • IASbaba
  • June 10, 2021
  • 0
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BRICS issues Joint Statement on Multilateralism

Part of: GS Prelims and GS -II – International Relations & GS-III – Economy 

In news

  • The BRICS Foreign Ministers put out a joint statement on multilateralism recently.
  • The idea is to form a common understanding among the BRICS countries.
  • Multilateralism is the process of organizing relations between groups of three or more states.

Six Principles laid out by BRICS

  • It should make global governance more inclusive, representative and participatory.
  • It should be based on inclusive consultation and collaboration.
  • It should make multilateral organisations more action-oriented and solution-oriented.
  • It should use innovative solutions, including digital and technological tools.
  • It should strengthen the capacities of individual States and international organizations.
  • It should promote people-centered international cooperation at the core.

Important value additions

BRICS

  • BRICS is an acronym for the grouping of the countries – Brazil, Russia, India, China and South Africa.
  • India has assumed the BRICS Presidency from January 2021.
  • It does not exist in the form of organization.
  • The Chairmanship of the forum is rotated annually among the members, in accordance with the acronym B-R-I-C-S.

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