Brazil Prioritizes New Member Integration and Dialogue With Partners, Says Foreign Minister
According to the International Desk of Webangah News Agency, Brazil’s Foreign Minister Mauro Vieira announced that the BRICS group is currently focused on integrating its new members and strengthening dialogue with its partners. Speaking on the sidelines of the BRICS summit in India in an exclusive interview with ‘Brasil 247,’ a media partner of TV BRICS, Vieira indicated that BRICS has entered a phase of consolidation.
He noted that several partner countries have already expressed their interest in full membership, and establishing a suitable framework for relations between full members and partner countries is now a crucial step in BRICS’ institutional development. The Brazilian Foreign Minister added that his country is prepared to support any collective decision for further BRICS expansion.
Vieira also highlighted the strengthening of the New Development Bank (NDB) as a significant focus of this phase, describing it as one of BRICS’ most tangible instruments for advancing reforms in global financial institutions. He stated, “The BRICS Bank is growing and will consolidate its position in line with the BRICS spirit of promoting reforms in global governance. With this bank, we will have a much faster, more agile, and more efficient system.”
He further pointed out the NDB’s capacity to provide guarantees as a key capability that expands the bank’s operational scope. According to Vieira, the NDB can facilitate the co-financing of large projects by attracting capital, rather than relying solely on direct funding. This approach, he explained, is also reflected in the economic cooperation among Global South countries, leading to increased bilateral trade between Brazil and its strategic partners.
Regarding Brazil-India relations, Vieira anticipates that bilateral trade volume will reach $20 billion this year, marking a 40% increase from the $15 billion recorded last year. This target is part of both nations’ plan to achieve $30 billion in trade between Brazil and India by 2030, a goal set by Brazilian President Luiz Inácio Lula da Silva and Indian Prime Minister Narendra Modi. The Foreign Minister also observed a strengthening of Brazil’s economic ties with other Southeast Asian countries, a policy aligned with President Lula’s directives.
