INSUBCONTINENT EXCLUSIVE:
BRICS, an acronym derived from its very first 5 members –-- Brazil, Russia, India, China and South Africa –-- is increasingly
acknowledged as a key force in forming an equivalent and orderly multipolar world and a generally useful and inclusive economic
globalization.The BRICS cooperation system has become the most essential platform for uniformity and partnership among emerging markets and
establishing countries, collectively known as the Global South.The upcoming summit in Rio de Janeiro, Brazil, arranged for July 6 to 7,
2025, marks a historical turning point: the very first to assemble under the broadened format of 11 full members and 10 partner nations,
reflecting the groups growing worldwide reach and tactical importance.An era of higher BRICS cooperationChina has actually played a central
function in the growth of BRICS, changing the group from a coalition of 5 emerging economies into a more comprehensive platform representing
the larger Global South.In 2017, throughout its rotating presidency, China officially proposed and developed the BRICS Plus model.This
design improved the significance of BRICS cooperation and broadened the groups worldwide collaboration network to include more nations from
the Global South, according to Xu Xiujun, a teacher of the Institute of World Economics and Politics at the Chinese Academy of Social
Sciences.To date, more than 100 nations and global companies have actually taken part in dialogue and cooperation under the BRICS framework,
Xu said, adding that the BRICS Plus design has likewise laid an essential foundation for the groups constant growth toward the Global
South.During its 2022 presidency of BRICS, China formally proposed launching its expansion process
The list below year, in 2023, BRICS took a historic step by initiating its preliminary of enhancement
On January 1, 2024, 5 brand-new nations –-- Saudi Arabia, Egypt, the United Arab Emirates, Iran and Ethiopia –-- formally signed up with
as full members.Later that year, in October 2024, BRICS leaders gathered in Kazan, Russia, for the 16th summit, the very first following the
groups historical expansion, introducing a new period of greater BRICS cooperation.The greater BRICS cooperation marks a shift in the Global
South from a reasonably loose global force towards a more institutionalized structure fixated the BRICS cooperation system, stated Xu.It
likewise shows BRICS broader aspiration to advance the modernization of the Global South and contribute to constructing a neighborhood with
a shared future for mankind, he added.In January 2025, Indonesia formally signed up with BRICS as the latest full member
Furthermore, nine other countries –-- Malaysia, Thailand, Belarus, Bolivia, Cuba, Kazakhstan, Uzbekistan, Uganda and Nigeria –-- were
welcomed as BRICS partner countries
Last month, Vietnam became the 10th BRICS partner country
BRICS has been very effective in its capability to unite nations with fundamentally various values, worldviews, and political and economic
systems, read a policy report by think tank Clingendael, the Netherlands Institute of International Relations, launched in May 2025
Together, BRICS nations now account for nearly half of the worlds population and contribute more than 50 percent to worldwide financial
growth, according to one estimate.According to the World Economic Outlook released in April by the International Monetary Fund, BRICS
countries represented 40.2 percent of international GDP (measured by acquiring power parity) in 2024, with forecasts rising to 40.7 percent
in 2025, while the G7s share is expected to decrease from 28.8 percent to 28.4 percent over the same duration, highlighting the previouss
growing economic weight as the latters influence continues to wane.BRICS growth has actually improved the capability of Global South nations
to safeguard their advancement rights and increased their strength to worldwide economic shocks, according to Sun Degang and Maria German,
researchers at Fudan University.In their co-authored paper, Sun and German said the bigger BRICS has boosted the bargaining power of
establishing countries.A stronger voice of Global SouthBRICS now is committed to serving as a driving force in international governance
reform and improving the voice and representation of the Global South.A case in point can be found in May 2025, when BRICS nations jointly
condemned the United States imposition of so-called mutual tariffs, which present a severe risk to the worldwide economy and global trade,
with particularly harmful consequences for the development prospects of Global South countries.The criticism was voiced during a special
video conference of the BRICS Contact Group on Economic and Trade Issues, hung on May 12 under Brazils turning presidency
They revealed their joint support for the multilateral trading system and shared opposition to unilateralism and trade protectionism.Beyond
economic and trade cooperation, BRICS has increasingly positioned itself as a defender of international peace, stability and worldwide
justice.This commitment was declared in June 2025, when Brazil provided a joint statement on behalf of the groups member states in action to
the intensifying tensions in the Middle East.The statement revealed severe issue over the military strikes versus Iran given that June 13,
describing them as an infraction of global law and the Charter of the United Nations
It also voiced serious concern over any attacks on tranquil nuclear installations.Public understanding of BRICS as a system for leading
cooperation amongst Global South countries is overwhelmingly positive, according to the 2025 Survey Report on BRICS Cooperation in the New
Era of Global Development, released on June 30, 2025
The study, which covered 35 nations and over 13,000 respondents across 5 continents, discovered a typical approval rating of 95.8 percent
In countries such as Bangladesh, Chile, Cuba and Iran, assistance went beyond 97 percent.Xu noted that the Global South has actually long
struggled to translate shared goals into collective action due to institutional barriers.However, BRICS offers an essential platform for
cooperation and a pathway for the Global South to get involved better in international governance, he said.Read more: Why is the BRICS
mechanism gaining global popularity?BRICS cooperation helps stabilize worldwide economy amid rising protectionism
