Headlines

BRICS agree to joint statement ahead of Rio leaders summit

Published by Global Banking & Finance Review

Posted on July 5, 2025

2 min read

· Last updated: January 23, 2026

Add as preferred source on Google
BRICS agree to joint statement ahead of Rio leaders summit
Global Banking & Finance Awards 2026 — Call for Entries

By Lisandra Paraguassu RIO DE JANEIRO (Reuters) -Diplomats from the BRICS group of developing nations have agreed on a joint declaration of their leaders at a summit in Rio de Janeiro this week, three

BRICS agree to joint statement ahead of Rio leaders summit

By Lisandra Paraguassu

RIO DE JANEIRO (Reuters) -Diplomats from the BRICS group of developing nations have agreed on a joint declaration of their leaders at a summit in Rio de Janeiro this week, three people familiar with the talks said on Saturday.

The shared statement, which a gathering of their foreign ministers failed to achieve in April, underscores the group's commitment to consensus despite its quickly expanding ranks.

The group of major emerging economies expanded last year beyond Brazil, Russia, India, China and South Africa to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates.

That has added diplomatic weight to the gathering, which aspires to speak for developing nations in the Global South, but also increased the complexity of reaching common terms on contentious geopolitical issues.

Negotiators preparing for the leaders summit over the past week had struggled to find shared language about the bombardment of Gaza, the Israel-Iran conflict and Africa's representative in a proposed reform of the United Nations Security Council, said two of the sources, who requested anonymity to speak openly.

To overcome differences among African nations on the continent's Security Council representative, the group agreed to endorse seats for Brazil and India, while leaving open which country should represent Africa's interests, a person familiar with the talks said.

The source said the group had agreed to sharpen its tone on conflicts in the Middle East, strengthening language beyond an April note expressing "serious concern."

On trade, sources said the BRICS will continue their thinly veiled criticism of U.S. tariff policy under President Donald Trump from the April ministerial meeting, where they warned against "unjustified unilateral protectionist measures, including the indiscriminate increase of reciprocal tariffs."

(Reporting by Lisandra ParaguassuEditing by Brad Haynes and David Gregorio)

Key Takeaways

  • BRICS diplomats agree on a joint statement for the Rio summit.
  • The group expanded to include new member countries last year.
  • Challenges include consensus on geopolitical issues.
  • Agreement reached on UN Security Council representation.
  • BRICS criticizes U.S. tariff policies.

Frequently Asked Questions

What did BRICS diplomats agree on at the summit?
BRICS diplomats agreed on a joint declaration for their leaders at the summit in Rio de Janeiro, emphasizing their commitment to consensus.
What challenges did BRICS face in reaching a consensus?
Negotiators struggled to find common language on issues such as the bombardment of Gaza and the Israel-Iran conflict, reflecting the complexities of their expanding membership.
How has BRICS membership changed recently?
BRICS expanded last year to include Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia, and the UAE, increasing its diplomatic weight but complicating consensus-building.
What stance did BRICS take on Middle East conflicts?
The group agreed to sharpen its tone on Middle East conflicts, moving beyond previous expressions of 'serious concern' to a stronger language.
What criticism did BRICS express regarding trade policy?
BRICS continued to criticize U.S. tariff policy under President Trump, warning against 'unjustified' trade practices during their discussions.

Tags

Related Articles

More from Headlines

Explore more articles in the Headlines category