BRICS Considers Measures to Counter Global Trade Protectionism

Date:

The BRICS economic alliance is exploring practical measures to mitigate the impact of rising global protectionism and unilateral trade restrictions. Member states are focusing on expanding trade settlement in national currencies and developing alternative cross-border financial systems to reduce reliance on the US dollar. While the bloc’s recent expansion increases its collective economic weight and resource base, diverse foreign policy agendas and internal economic disparities among member countries continue to present challenges to creating a unified economic framework.

  • BRICS members are actively promoting bilateral trade settlements in local currencies to insulate economies from foreign exchange volatility and external sanctions.
  • Discussions are underway regarding the development of independent payment infrastructure and financial messaging mechanisms to complement or bypass established Western-led networks.
  • The expansion of the alliance has increased its representation in global energy supplies and manufacturing capacity, boosting its collective trade leverage.
  • Differing geopolitical priorities and distinct trade relationships with Western markets among member states complicate the implementation of cohesive counter-protectionist strategies.

Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.

Official website: https://www.channelnewsasia.com/

Original video here.

This summary has been generated by AI.

14 COMMENTS

  1. Isolate anyone who engages in protectionism. Use trade profits to bolster military capabilities. The current reality for the U.S. is that fighting just one more war like the Iraq War would cause it to completely lose its superpower status. Debt will be the undoing of the U.S.—unless it chooses to wage a nuclear war. A nuclear war would be most advantageous for China. Clearly, nuclear warfare is a scenario tailored for China; one need only look back at the nuclear standoff policies between China and the Soviet Union—specifically, the strategy of trading territory for survival, backed by 12 million PLA troops and 260 million militia members.

  2. VVest always talk about democracy , where democracy means majority to lead …
    BRICS accounts for roughly 45% to 49.5% of the world's population, compared to the G7, which accounts for about 10%.

    BRICS: Represents nearly 3.8 billion to 4.1 billion people (around 45%–49.5% of the global total) across its expanded membership, driven heavily by populous nations like China and India.

    G7: Represents roughly 790 million people (around 10%–12% of the global total) living mostly in aging economies.

  3. "Any organisations where India is a member and has a major say, would not function properly.."

    Kajiyama Hiroshi,
    Minister of Economy, Trade and Industry of Japan during the signing and formal adoption of the RCEP, 2020

  4. End of the Corporate Raj? – New Fortune Times, (SINGAPORE 2025.12.16).

    A core point is that India’s prevailing career‑development culture tends to reward polished presentation more than substantive capability. An article on Medium echoed this critique, arguing that fluent English, confidence, and Western‑style communication often draw attention even when actual performance is only average, and that showmanship cannot replace real results.

  5. BRICS is just a fractured club of economic messes trying to flex against the dollar while secretly depending on US consumers to survive. China is drowning in real estate debt and demographic collapse, weaponizing trade while desperately needing Western silicon. Russia is a war-torn, inflation-riddled vassal state to Beijing, running a GDP smaller than Texas that can't back any real currency. India constantly sabotages China’s anti-West power grabs from within, playing both sides because it relies on American tech and capital. Meanwhile, Indonesia sits on the sidelines, a commodity exporter with zero financial leverage, hoping nobody notices the whole bloc is too busy arguing to ever build a functioning alternative.😂😂

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