Indian Prime Minister Narendra Modi emphasized BRICS as a catalyst for global cooperation and a multipolar world during his address at the 17th BRICS Summit. He participated in an outreach session with BRICS members, partners, and invitees to strengthen multilateralism, economic-financial affairs, and artificial intelligence. Modi highlighted India's initiatives in agri-biotech and digital education access, and called for a BRICS Science & Research Repository.
https://www.ndtv.com/world-news/at-brics-pm-modi-calls-for-working-together-for-responsible-ai-8835398At the 17th BRICS Summit in Brazil, Prime Minister Narendra Modi led India's unanimous condemnation of terrorism, calling the Pahalgam terror attack an "assault on humanity". The summit also saw a declaration calling for action against UN-designated terrorists and pushing for urgent reforms in global governance institutions.
https://indiatoday.in/india/story/india-prime-minister-narendra-modi-brics-summit-brazil-terrorism-reforms-2752299-2025-07-08Prime Minister Narendra Modi participated in the 17th BRICS Summit in Rio de Janeiro, Brazil, where he held productive discussions with other leaders on global governance reform, peace and security, multilateralism, development issues, and Artificial Intelligence. Modi thanked Brazilian President for his hospitality and reaffirmed India's commitment to enhancing the voice of the Global South. He emphasized the need for urgent reform of global institutions such as the UN Security Council and called for a multipolar and inclusive world order. The Prime Minister also highlighted the threat of terrorism, condemning the Pahalgam terror attack in April 2025, and stressed the need for zero tolerance in dealing with the menace. Modi expressed his support for dialogue and diplomacy to resolve conflicts and emphasized the importance of BRICS in shaping a multipolar world.
https://www.ndtv.com/world-news/will-define-brics-in-new-form-under-indias-chairmanship-pm-narendra-modi-in-brazil-8838544The BRICS Summit, hosted by Brazil from July 7-9, brought together leaders from the original five members - Brazil, Russia, India, China, and South Africa - as well as newly inducted members Egypt, Ethiopia, Iran, the UAE, and Indonesia. Prime Minister Narendra Modi participated in discussions on reforming global governance, amplifying the voice of the Global South, peace and security, multilateralism, development challenges, and Artificial Intelligence. Modi expressed gratitude to Brazilian President Luiz Inácio Lula da Silva for the summit's success and emphasized the need for urgent reform of global institutions such as the UN Security Council, IMF, World Bank, and WTO. He also condemned terrorism, calling for strong global action against it, and stressed the importance of dialogue and diplomacy in resolving conflicts. The BRICS countries adopted the 'Rio de Janeiro Declaration', which strongly condemned recent terror attacks, military strikes on Iran, and Israeli actions in Gaza, while reaffirming their commitment to multilateralism, sustainable development, and peaceful conflict resolution.
https://www.firstpost.com/world/pm-modi-joins-brics-leaders-for-family-photo-in-rio-calls-for-un-reform-zero-tolerance-on-terror-13903961.htmlPakistan and Afghanistan discussed trade and transit cooperation, security, and connectivity during a meeting. They agreed on measures to strengthen individual movement across borders, including removing a processing fee for Afghan transit trade. The Uzbekistan-Afghanistan-Pakistan Railway is seen as crucial for regional growth, with both sides aiming to finalize the framework agreement. Pakistan has issued over 500,000 visas since January 2024, and they reaffirmed their support for addressing mutual challenges. Security was also a key focus, with lasting security considered essential for regional development and bilateral relations.
https://www.thenews.com.pk/latest/1327022-pakistan-afghanistan-recognise-terrorism-as-threat-to-regional-peacePakistan and Afghanistan discussed trade relations, regional projects, and security cooperation during a meeting led by Ambassador Syed Ali Asad Gillani and Mufti Noor Ahmad Noor. The two sides acknowledged terrorism as a significant threat to regional peace and agreed on measures against terrorist elements operating from Afghan soil. Progress was reviewed on implementing trade facilitation measures, including the removal of processing fees and operationalization of a track-and-trace system. Regional connectivity initiatives like the Uzbekistan-Afghanistan-Pakistan Railway were also highlighted, with both sides committing to expedite finalization of the Framework Agreement to unlock shared economic potential.
https://www.brecorder.com/news/40371434/pakistan-afghanistan-hold-talks-to-boost-trade-security-cooperationThe US's trade policies under President Trump threaten to undermine the global trading order, reminiscent of the devastating effects of the Smoot-Hawley Tariff Act in the 1930s. By disabling the WTO Appellate Body, the US has created a loophole that allows it to break WTO rules with impunity, putting the entire system at risk. If other countries follow suit, the global trade regime could collapse, posing a grave threat to economic security.
https://www.politico.eu/article/to-save-the-global-economy-kick-the-us-out-the-world-trade-organization/US President Donald Trump's trade war is redefining comparative advantage in trading relationships with the US. The winners won't be countries that produce goods more efficiently, but those with lower tariff rates on their exports to the US than their competitors. Treasury Secretary Scott Bessent has warned some countries may receive a three-week extension to negotiate new tariffs.
https://www.smh.com.au/business/the-economy/whack-a-mole-comparative-advantage-is-being-redefined-by-trump-s-trade-war-20250707-p5mczh.htmlUS President Donald Trump has announced plans to impose a 10% tariff on countries aligned with the 'anti-American' policies of BRICS (Brazil, Russia, India, China and South Africa). The move comes after recent tensions between the US and these nations, including Israel's strikes on Iran.
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