Summary BRICS groups Brazil, Russia, India, China and South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates.
NEW DELHI (Reuters) – The BRICS group of emerging economies has agreed on a joint declaration, sources told Reuters on Saturday, a significant diplomatic breakthrough as its leaders began summit talks in New Delhi, aiming to boost the bloc's global clout.
Host India's Prime Minister Narendra Modi said that the bloc had come of age and it was time to translate its unity and consensus into concrete results on the global stage, as he opened the meeting.
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The summit, hoping to bridge divisions between members Iran and the United Arab Emirates over the Gulf conflict, is being held as the United States and Iran resume tit-for-tat strikes in their six-month-old war.
That followed a pause in fighting for much of August, while the Iran-aligned Houthi rebels in Yemen tightened their grip in the Red Sea region.
The negotiations saw differences on several contentious issues but India led sustained consultations to bridge competing positions and build consensus among members, said an Indian source with direct knowledge of the development.
Against the backdrop of ongoing conflicts and heightened tensions in the Gulf region, securing consensus presented a particularly complex diplomatic challenge, the source said.
PUTIN, XI, PEZESHKIAN, RAMAPHOSA IN ATTENDANCE
Foreign policy experts had said the key test for the bloc would be finding language on the Middle East crisis that both Abu Dhabi and Tehran could accept, clearing the way for a joint declaration.
Such a joint statement was unlikely to influence the current geopolitical landscape, but would demonstrate unity by a grouping of emerging nations against economically debilitating policies such as Western sanctions, they said.
US consumer prices accelerated last month as the cost of gasoline rebounded after two straight monthly declines,
BRICS foreign ministers meeting in New Delhi in May were unable to issue a joint statement, stymied by differences between Iran and the UAE.
The BRICS bloc is seeking to raise its profile by influencing international rules and demanding the reform of institutions such as the World Bank, International Monetary Fund and World Trade Organization, which some members view as being dominated by Western powers.
Leaders attending the summit are Russian President Vladimir Putin, China's Xi Jinping, Iran's Masoud Pezeshkian, South Africa's Cyril Ramaphosa and Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, among others.
Chinese President Xi said BRICS countries should firmly stand on the right side of history by steering the international order toward greater equity and justice.
