June 23, 2024

WHY IN NEWS ?

  • BRICS foreign ministers meeting was held virtually on June 1, 2021. This meeting was hosted by India.

Agenda of the meeting

  • During the minister’s meet, External Affairs Minister S Jaishankar highlighted significant principles which were guiding BRICS.
  • He also referred to international law and UN Charter which recognises sovereign equality of all states and respects territorial integrity.
  • According to him, desired change can be achieved only by conducting policies in line with these principles.

Who hosted the meeting?

  • BRICS meeting was hosted by India in its capacity as chair of BRICS. It was attended by Foreign Minister of Russia, Sergey Lavrov; Foreign Minister of China, Wang Yi; Minister of International Relations of South Africa, Grace Naledi Mandisa Pandor; and Foreign Minister of Brazil, Carlos Alberto Franco.

Significance of meeting

  • BRICS foreign ministers, for the first time, have agreed on common goal of “reforming the multilateral system”. They also agreed, such reform should cover all key multilateral institutions, including-
  • UN and its principal organs such as UN general assembly, UN Security Council etc.
  • International financial architecture such as IMF & World Bank
  • Multilateral trading system such as WTO & UNCTAD and
  • Global health governance system along with WHO.

BRICS ministers agreed to bring in new life on discussions regarding reform of UN Security Council.

Key deliverables by India

  • India put forward four key deliverables including, reform of multilateral system, use of digital and technological solutions to achieve SDGs, counter-terrorism cooperation and enhancing people-to-people cooperation apart from BRICS cooperation on COVID-19 pandemic
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