16th BRICS Summit adopts Kazan Declaration
NEW DELHI [Maha Media]: The 16th BRICS Summit saw the leaders adopt the Kazan Declaration: 'Strengthening Multilateralism For Just Global Development And Security’ on Wednesday.
The leaders reiterated the importance of further enhancing BRICS solidarity and cooperation based on their mutual interests and key priorities and further strengthening our strategic partnership. They reaffirmed their commitment to the BRICS spirit of mutual respect and understanding, sovereign equality, solidarity, democracy, openness, inclusiveness, collaboration and consensus. “As we build upon 16 years of BRICS Summits, we further commit ourselves to strengthening cooperation in the expanded BRICS under the three pillars of political and security, economic and financial, cultural and people-to-people cooperation and to enhancing our strategic partnership for the benefit of our people through the promotion of peace, a more representative, fairer international order, a reinvigorated and reformed multilateral system, sustainable development and inclusive growth.”
Under the head Need for reform of global institutions, it said: The Bretton Woods international financial system’s institutions, including the World Trade Organization, should be reformed to better represent developing countries’ interests. BRICS opposes “unilateral, prohibitive, discriminatory and protectionist” measures taken under the pretext of fighting global climate change, including carbon emissions adjustment mechanisms and taxes. BRICS supports comprehensive reform of the United Nations, including the Security Council, to make it more representative, and notes its centrality in the system of relations between nations.