BRICS, along with Ethiopia, called for global financial architecture reform and backed bids to join the World Trade Organization.
8 reports, 1 independent
Updated Sep 12
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What happened
BRICS, along with Ethiopia, called for global financial architecture reform and backed bids to join the World Trade Organization.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Iran, represented by Kazem Gharibabadi, used BRICS to challenge US sanctions and seek WTO membership support.Sub-event
BRICS backed bids to join the WTO and advocated for restoring the dispute settlement mechanism.1 source
Keep exploring
Part of
BRICS, chaired during its 2026 tenure, demanded greater voice and structural reforms within the IMF and World Bank.Also in this story
- BRICS discussions highlighted the limitations of the bloc due to the Iran conflict and compared the size of its bank to the World Bank.
- BRICS calls for major reforms of Western financial institutions, with India acting as a brake on de-dollarization efforts.
- BRICS expands to include Iran and is seeking alternatives to existing global financial institutions.
- While participating in BRICS, Malaysia has voiced support for reviewing the IMF and World Bank, alongside views that the UN system is outdated and unfair.
The entities involved
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
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World Trade Organization
intergovernmental organization that intends to supervise and liberalize international trade
- WTO rules regarding beef labeling must be complied with as the Agriculture Committee drives the 2026 Farm Bill, amid concerns over past disputes leading to potential tariffs.
- Trade talks held regarding Türkiye's bilateral issues, including increased flights, energy cooperation, and potential free trade agreement with Ukraine.
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Ethiopia
country in the Horn of Africa
Related events
- The 18th BRICS Summit is currently taking place in New Delhi, where members are calling for significant reforms in the WTO and the IMF.
- BRICS, the UN, and Xi Jinping called for global governance based on international law and WTO reform.
- BRICS issued a declaration defending multilateral institutions, specifically the World Trade Organization.
- BRICS+ met to discuss efforts aimed at improving international financial relations.
- BRICS calls for stronger global climate finance commitments and technology transfer for developing nations.