Brazil to host BRICS summit in Rio de Janeiro in July | World News

Brazil has announced that the next BRICS summit will be held in Rio de Janeiro on 6-7 July. The country, which will lead the bloc of developing economies throughout 2025, aims to focus on global governance reform and strengthening cooperation among Global South nations, according to a government statement.

BRICS was founded in 2009 by Brazil, Russia, India, and China, with South Africa joining a year later.

Initially formed as a counterweight to the Group of Seven (G7) leading economies, the bloc expanded last year to include Iran, Egypt, Ethiopia, and the United Arab Emirates. Saudi Arabia has also been invited, while Turkey, Azerbaijan, and Malaysia have formally applied for membership.

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Recently, Indonesia became one of BRICS’ 11 official members, and Nigeria was given “partner country” status, a designation introduced at the 2024 summit in Kazan.

Brazil confirmed that partner countries would be invited to take part in the summit and could attend other meetings if all members agree.

“We will make crucial decisions for development, cooperation, and improving the lives of all the inhabitants of these countries,” said Brazil’s Foreign Minister Mauro Vieira, as reported by AP.

Meanwhile, US President Donald Trump has repeatedly warned of imposing 100 per cent tariffs on BRICS nations if they take steps to weaken the US dollar.

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BRICS leaders, however, remain committed to establishing an alternative payment system independent of the dollar.

(with inputs from AP)

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