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Quest for evolving global order despite conflict of interest
The Business Guardian
|July 08, 2025
The 17th BRICS Summit is scheduled to take place in Rio de Janeiro, Brazil, from July 6 to 7, 2025, with Brazil's President Luiz Inácio Lula da Silva serving as the rotating chair.

The summit will be attended by BRICS nations, including Brazil, Russia, India, China, and South Africa, as well as recently admitted countries like Indonesia, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. Partner countries, including Belarus, Bolivia, Indonesia, Kazakhstan, Thailand, Cuba, Uganda, Malaysia, and Uzbekistan, will also participate.
The summit will occur against the backdrop of ongoing geopolitical turmoil, including regional conflicts between Russia and Ukraine, in the Middle East, and the recent escalation of the joint conflict between Iran and Israel. Additionally, there is tension between the USA and Iran over the nuclear facility in Iran and a proxy war supported by Iran against Israel. The outbreak between India and Pakistan stemming from the terrorist attack in Pahalgam, Kashmir, is also going to be figured in the BRICS summit.
The global economy is also experiencing an unprecedented trade war over tariffs between the US and BRICS countries, driven by the aggressive trade policies of the newly elected US President Trump, who has imposed heavy tariffs on other nations. The US also strongly opposes the idea of a BRICS currency as a global alternative to the dollar-based international financial and trade system.
BRICS is an intergovernmental organization composed of ten countries. Relations among BRICS members are based on the UN Charter, widely accepted principles, and norms of international law, including openness, pragmatism, solidarity, non-bloc stance, and neutrality toward third parties.
This story is from the July 08, 2025 edition of The Business Guardian.
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