BRICS Summit Emphasizes Multilateralism and Expansion of Economic Cooperation
the English section of webangah News Agency reported, citing Mehr News Agency and BRICS TV, that representatives from BRICS member and partner countries attended the group’s seventeenth meeting titled ”Strengthening Multilateralism, Economic-Financial Affairs, and Artificial Intelligence.”
At this event, participants proposed measures to advance multilateral cooperation wiht particular emphasis on governance in artificial intelligence.
On the sidelines of the meeting,Malaysian prime Minister Anwar Ibrahim met with Indian Prime Minister Narendra Modi. They discussed ways to expand economic cooperation, investment, and technology partnerships. Among topics raised was establishing a campus of India’s Institute of Technology (IIT) in Malaysia.
The United Arab Emirates has also become one of Eurasian Economic Union’s top 10 trade partners. The country’s share in the union’s total foreign trade rose to 2 percent.
Russian Foreign minister Sergey Lavrov participated in a meeting with ASEAN ministers in Kuala Lumpur. Both sides agreed to draft a new document outlining joint cooperation beyond 2025.
In 2024, Egypt’s trade volume with BRICS countries reached $50.8 billion marked by a 19.5 percent increase compared to last year. Egyptian exports to these nations amounted to $9.4 billion.
An Iranian knowledge-based company successfully localized “5G NR” technology which enhances data transfer speeds while reducing latency, boosting security, and improving network stability.
India and Brazil are exploring faster pathways for approving medicines produced by Indian pharmaceutical companies within Brazil’s market; currently about 15 major Indian pharmaceutical firms operate there.
Researchers at Tianjin University in China developed a non-invasive system for measuring blood sodium levels with high accuracy tested on volunteers and animal samples.
Additionally, the Eurasian Economic Union and Indonesia completed negotiations on a free trade agreement that will be formally signed after completing domestic legal procedures.
