BRICS Summit: Big Talk, Bigger Challenges in Brazil

The BRICS summit is underway in Brazil, presenting a mix of opportunities and challenges for the group of major developing economies.

Growth and Divergence

• Recent Expansion: The BRICS group has grown significantly, but this expansion may not be all positive.
• Unity Concerns: Experts suggest the group might struggle to speak with one voice, particularly on sensitive issues like the war in Ukraine and the conflict in Gaza.

Brazil's Agenda

• Key Topics: Brazil aims to discuss climate change and artificial intelligence.
• Low-Key Approach: The host nation might be playing it safe to avoid tensions with the U.S. president.

Absent Leaders

• China and Russia: Neither China's leader nor Russia's president will attend in person. China's leader is skipping the summit, while Russia's president will join via video due to travel restrictions.
• Impact: Their absence could weaken the group's ability to take a strong stance on global issues.

Economic and Diplomatic Priorities

• Global Health and Trade: The summit offers Brazil a platform to discuss these critical areas.
• U.S. Tariffs: Brazil may be cautious to protect its economy amid threats of big tariffs from the U.S.

Notable Absences

• Newer Members: Leaders from newer BRICS countries like Iran and Egypt will not attend, further complicating unity.

Importance and Opportunities

• Developing Countries: The summit remains a crucial forum for collaboration and economic growth.
• Brazil's Leadership: For Brazil's president, it's a chance to focus on global issues amid domestic challenges.
• Climate Change: The summit could advance talks ahead of a major climate meeting later this year in Brazil.