Business Standard

China, BRICS push to shift world order amid Donald Trump trade war threats

China benefited significantly from joining a multilateral, regulated liberalized regime when it became part of the WTO in 2001

modi, brics
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PM Narendra Modi at the BRICS summit of major emerging economies, in Johannesburg on Thursday | Photo: AP/PTI

Ana Monteiro and Amogelang Mbatha | Bloomberg
Brazil, Russia, India, China and South Africa, representing about 40 per cent of the world’s population and almost a quarter of its output, think it’s time for a change in how things are done.

After a three-day summit in Johannesburg, the BRICS nations said they want a fairer, more representative global order in diplomacy and trade just as China, the biggest member, faces billions of dollars of extra US tariffs. They also seek reforms at the United Nations, the UN Security Council and the International Monetary Fund to better represent developing nations, and have asked that members of the World Trade

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