BRICS countries must “pivot from crisis management to strategic action, from emergency fixes to collective growth and development”
WE are witnessing seismic shifts in global trade that present both challenges and opportunities in the re-ordering of the global economy. There is a shift from a unipolar to a multipolar world. This moment is marked by intensifying global competition and growing geopolitical tensions. Unilateral tariff actions are contributing to an increasingly protectionist environment, which poses great hardships and danger for the countries of the Global South. The uncertainty of the new trading regime has already negatively affected employment levels in my own country, South Africa, and is an obstacle to our economic growth. We are therefore supportive of meaningful…
