Senior diplomats from the BRICS countries will meet on Monday in Brazil to show a united facade in the face of threats emerging from aggressive trade policies by President Donald Trump.
The meeting came to the critical moment for the world's economy after the International Monetary Fund this week has dropped growth forecasts on the impact of American Leader's new tariffs.
Diplomats from Bloc bloc which include the current president of Brazil, Russia, India, China and South Africa will meet two days in Rio de Janeiro, as a signal to a summit leader in July.
“Ministers are talking to a declaration aimed at re -confirming the centrality and importance of the multilateral trading system,” Brazil representative Mauricio Lyrio told reporters on Saturday.
The group has expanded significantly since it began in 2009 – and now Iran, Egypt and the United Arab Emirates are included. It forms about half of the global population and 39% of the global GDP.
Trump since returning to the White House in January hit twelve -two countries with a 10% tariff blanket, but China faces levies up to 145% in many products. Beijing responded with duties of 125% to US goods.
Foreign Minister of Brazil Mauro Vieira will magno -Host a meeting attending by Russia's Sergei Lavrov and China's Wang Yi.
It is set to start at around 11:00 the local time (1400 GMT) with a statement expected in the afternoon of the local time.
Climate change is expected to feature the agenda leading to the United Nations COP30 Climate Summit in November, which has been posted by Brazil in the city of Belem of Amazon.
The group is likely to discuss the war in Ukraine, as Trump sought to push Russia and Ukraine into a peace agreement.
The BRICS will join for Tuesday discussions of nine other “partners” countries, including several former Soviet states, as well as Cuba, Malaysia, Thailand, Uganda and Nigeria.
This story was originally featured on Fortune.com
