波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒

Global EditionASIA 中文雙語Fran?ais
World
Home / World / World Watch

Paving the way for an inclusive intl order

By Marcos Cordeiro Pires | China Daily Global | Updated: 2024-10-22 09:07
Share
Share - WeChat
People walk at the venue of the BRICS summit in Kazan, Russia October 21, 2024. [Photo/Agencies]

The 16th BRICS Summit will take place in Kazan, Russia from Tuesday to Thursday. The meeting, the first of its kind since the group's expansion, will have leaders from the new member countries join the discussions. Invited by Russian President Vladimir Putin, countries including Venezuela, Malaysia, Bolivia and Mongolia are also expected to participate as guests to follow the discussions.

This year, several meetings have been held covering crucial themes such as finance, climate change, health cooperation, women's and youth rights, intellectual property, etc. The induction of new countries as members and the interest expressed by others in joining BRICS prove the cooperation mechanism's vitality and potential. BRICS promotes multilateralism and advocates a fairer and more inclusive international order that reflects the political, demographic and economic weight of the countries of the Global South.

The 16th summit is taking place at a very challenging time, amid political and military instability in many corners of the world, such as Eastern Europe and the Middle East. Here it is worth highlighting Brazil and China's commitment to seeking peaceful and fair solutions to the conflict in Ukraine. On September 27, a ministerial meeting of the "Friends for Peace "group was held on the Ukraine crisis at the United Nations headquarters in New York. The meeting was co-chaired by Chinese Foreign Minister Wang Yi, Brazilian Foreign Minister Mauro Vieira and Chief Adviser of the Presidency of Brazil Celso Amorim. Representatives from many Global South countries were present, including South Africa, Saudi Arabia, Algeria, Azerbaijan, Bolivia, Kazakhstan, Colombia, Egypt, Ethiopia, the United Arab Emirates, Indonesia, Malaysia, Mexico, Nigeria, Kenya, Senegal, Thailand, Vietnam and Zambia.

One topic that is attracting much attention in the Western media is cooperation in financial matters among the BRICS members. The priorities of the Russian presidency include enhancing the role of BRICS states in the international monetary and financial system, developing inter-bank cooperation, providing assistance in transforming the international payments system, expanding the use of national currencies of BRICS states in mutual trade; and strengthening cooperation on the use of payment systems and financial technologies.

In the financial sector, BRICS made its mark first in 2014 when it announced the creation of the Contingent Reserve Fund and the New Development Bank. The group also acted together in defense of greater democratization of the management of the International Monetary Fund and the World Bank. Brazil, India, Russia and South Africa are founding members of the Asian Infrastructure Investment Bank, an idea developed by the Chinese government. In addition to the management and creation of new financial institutions, the BRICS is advancing in creating a new monetary paradigm, one of the priorities of the Russian presidency, with which the governments of the other member countries agree. Intra-BRICS trade using local currencies is a reality and will be boosted in the coming years.

During the first working session of the BRICS Ministers of Foreign Affairs Meeting earlier this July, Brazilian Foreign Minister Vieira echoed that Brazil expected the new members to be fully engaged in the internationalization of local currencies, payment instruments and platforms, an important topic raised by Brazilian President Luiz Inacio Lula da Silva in Johannesburg and a primary concern for Brazil's BRICS presidency next year, too.

Greater monetary autonomy is crucial for developing countries in the Global South as the exorbitant privilege of the US dollar is a major constraint on monetary policy worldwide. Changes in the Fed's interest rates affect exchange rates worldwide, as do the various sanctions imposed against countries and companies that restrict the use of the dollar and SWIFT payment system. As the BRICS advances, the United States elite fears losing its enormous discretionary power.

US presidential candidate Donald Trump has compared the loss of dollar hegemony to defeat in a revolutionary war. During a rally in Wisconsin on September 7, Trump stated: "Many countries are leaving the dollar. They are not going to leave the dollar with me. I'll say, you leave the dollar, you're not doing business with the United States because we're going to put a 100 percent tariff on your goods."

Despite the coercive pressure from the Washington elite, the process of dedollarization is already underway and inexorable. India and Russia, for example, have doubled their payments in national currencies (rupee-rouble) since 2023, despite US and European Union sanctions. The same occurs with China and Russia. Saudi Arabia, one of the largest oil exporters to China, signed a three-year currency swap with Beijing in November 2023 worth the equivalent of $6.93 billion. Brazilian companies have started to use the RMB to export to China.

The next BRICS Summit is expected to bring deep outcomes. The Brazilian government sees building new platforms on financial and monetary issues essential to advancing economic cooperation among the BRICS countries. As a result, practical measures are expected to be adopted, especially by countries with more extensive reserves and balance of payments surpluses, such as China, Saudi Arabia and the United Arab Emirates.

At this point, China is well positioned to lead this process, as it is the only member with an international reserve currency that is part of the IMF's Special Drawing Rights and the most successful international payments system in the Global South, the Cross-border Interbank Payment System. In addition, it is necessary to consider restructuring the New Development Bank to incorporate the new BRICS members into the institution's governance and provide a new source of resources to the NDB's cash flow.

The foundations of multilateralism are being laid. The road is long, the will is strong, and the BRICS countries are firmly paving the way to build an inclusive and open international order.

The author is a professor of international political economy at Sao Paulo State University in Brazil. The author contributed this article to China Watch, a think tank powered by China Daily. The views do not necessarily reflect those of China Daily.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
波多野结衣办公室双飞_制服 丝袜 综合 日韩 欧美_网站永久看片免费_欧美一级片在线免费观看_免费视频91蜜桃_精产国品一区二区三区_97超碰免费在线观看_欧美做受喷浆在线观看_国产熟妇搡bbbb搡bbbb_麻豆精品国产传媒
欧美成人激情免费网| 日韩精品亚洲一区| 国产激情一区二区三区四区| 97人妻精品一区二区免费| 欧美丰满少妇xxxbbb| 一区二区三区四区av| 成人高清视频在线| 国产黄色小视频网站| 国产欧美日韩在线看| 紧缚奴在线一区二区三区| 免费人成又黄又爽又色| 精品日韩一区二区三区| 久久精品国产成人一区二区三区| 国产在线观看无码免费视频| 精品剧情v国产在线观看在线| 日本sm残虐另类| 成年人免费观看视频网站| 欧美mv和日韩mv国产网站| 久久黄色级2电影| 91精品国自产在线| 国产目拍亚洲精品99久久精品| 国产精品乡下勾搭老头1| 九九这里只有精品视频| 综合久久久久久| 99久久久国产精品免费蜜臀| 欧美日韩综合在线| 午夜精品123| 美女被到爽高潮视频| 久久久精品黄色| 国产成人免费在线视频| 一本一本久久a久久精品综合麻豆| 亚洲色图在线视频| 91人人澡人人爽| 日韩精品一区二区三区在线播放| 精油按摩中文字幕久久| www.黄色com| **欧美大码日韩| 日本少妇一区二区三区| 日韩视频123| 国产九色sp调教91| 日本高清无吗v一区| 性做久久久久久免费观看 | 久久青草国产手机看片福利盒子| 国产酒店精品激情| 91福利国产成人精品照片| 亚洲a一区二区| 人人爽人人爽人人片| ...av二区三区久久精品| 日本三级日本三级日本三级极| 日韩午夜av电影| 国产成人精品www牛牛影视| 欧美亚洲综合一区| 六月婷婷色综合| 真实国产乱子伦对白在线| 午夜婷婷国产麻豆精品| 欧美激情 一区| 一区二区三区在线观看动漫 | 夜夜精品视频一区二区| 天堂久久精品忘忧草| 亚洲欧洲成人自拍| free性中国hd国语露脸| 国产精品区一区二区三区 | 亚洲欧美电影院| 西西大胆午夜视频| 国产精品久久久久婷婷二区次| 中文字幕人妻熟女在线| 国产色产综合产在线视频| 日批免费观看视频| 国产欧美一区二区三区在线老狼 | 成人精品电影在线观看| 91精品欧美综合在线观看最新| 久久国产综合精品| 91久久精品一区二区二区| 久久电影国产免费久久电影| 欧美中文一区二区三区| 国产一区二区在线影院| 欧美精品三级日韩久久| 丁香桃色午夜亚洲一区二区三区| 91精品国产综合久久久久久久久久 | 欧美最猛黑人xxxxx猛交| 久久草av在线| 欧美三级在线看| 大桥未久av一区二区三区中文| 日韩一二在线观看| 99久久免费国产| 国产性天天综合网| 国产熟女高潮一区二区三区| 亚洲免费在线播放| 国产成人在线网址| 视频一区二区中文字幕| 日本久久电影网| 国产成人亚洲综合a∨婷婷| 日韩女优av电影在线观看| 两女双腿交缠激烈磨豆腐| 国产亚洲综合在线| 免费a级黄色片| 亚洲国产精品天堂| 色综合一个色综合| 国产麻豆精品视频| 日韩美女视频在线| 精品国产一区在线| 亚洲综合色成人| 色综合久久综合网欧美综合网| 国产一区二区精品久久91| 五月婷婷六月香| 欧美一区二区三区公司| 99精品久久免费看蜜臀剧情介绍| 久久久精品人体av艺术| 尤物视频最新网址| 日韩成人伦理电影在线观看| 欧美日韩一区二区在线观看 | 激情五月婷婷综合网| 日韩欧美综合一区| 亚洲熟女乱综合一区二区三区| 亚洲伊人色欲综合网| 粉嫩av性色av蜜臀av网站| 国产一区二区三区久久悠悠色av| 欧美成人a视频| 亚洲av无码一区二区二三区| 日韩专区在线视频| 欧美日韩成人综合| 小日子的在线观看免费第8集| 亚洲美女偷拍久久| 在线视频国内自拍亚洲视频| 波多野结衣亚洲| 亚洲人成伊人成综合网小说| 91行情网站电视在线观看高清版| 成年人午夜久久久| 亚洲免费观看高清完整| 在线亚洲一区二区| 成人做爰69片免费| 午夜精品福利在线| 日韩一级免费一区| 日韩人妻无码精品综合区| 极品销魂美女一区二区三区| 国产日韩亚洲欧美综合| 男人的午夜天堂| 成年人网站91| 亚洲午夜影视影院在线观看| 欧美精品第1页| 欧美精品欧美极品欧美激情| 蜜臀av亚洲一区中文字幕| 精品免费国产二区三区| 天天干天天操天天拍| 天堂资源在线视频| 蜜桃av一区二区三区电影| 精品久久一区二区| 欧美三级视频网站| 国产成人综合网站| 亚洲丝袜精品丝袜在线| 欧美色男人天堂| 人妻丰满熟妇av无码久久洗澡| 美女视频黄免费的久久| 久久久www成人免费无遮挡大片| 精品女人久久久| 黄色片子免费看| 天天综合色天天综合色h| 久久先锋影音av鲁色资源网| 欧美性生给视频| 91啪亚洲精品| 日韩影视精彩在线| 国产亲近乱来精品视频| 91福利区一区二区三区| 免费的av网站| 国产精品99久久久久久宅男| 亚洲女人的天堂| 日韩丝袜情趣美女图片| 成年人网站在线观看视频| 99re8在线精品视频免费播放| 午夜一区二区三区在线观看| 久久久噜噜噜久久中文字幕色伊伊| 欧美大片xxxx| 蜜臀av粉嫩av懂色av| 久久电影网站中文字幕| 中文字幕在线播放不卡一区| 欧美精品丝袜久久久中文字幕| 一级黄色录像毛片| av在线不卡观看免费观看| 日本伊人午夜精品| 国产精品乱人伦| 91精品久久久久久久99蜜桃| 色欲狠狠躁天天躁无码中文字幕 | 人妻体体内射精一区二区| 美女国产一区二区三区| 中文字幕一区二区三| 91麻豆精品国产91久久久久久| 天天操天天摸天天舔| 亚洲欧美综合视频| 国产麻豆精品在线| 亚洲成人综合网站| 中文天堂在线一区| 欧美一卡二卡三卡| 懂色av懂色av粉嫩av| 欧美性xxxx图片| 99久久国产综合精品女不卡| 毛片一区二区三区| 一区二区三区美女视频| 国产午夜精品一区二区三区嫩草| 在线观看91av| 蜜臀久久精品久久久用户群体|