Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Brasilia, Sept. 9 (Xinhua) — The BRICS bloc of emerging economies is synonymous with "defending multilateralism" amid growing global instability, Brazilian President Luiz Inacio Lula da Silva said Monday at an online summit of the group.
According to him, the Global South has all the conditions to offer a different development paradigm and repel the new Cold War.
“Unilateralism will never achieve the goals of peace, justice and prosperity that our predecessors set out in 1945… BRICS has already become another name for defending multilateralism,” the Brazilian president said.
He believes that the foundations of the international order established in 1945 are being undermined at an accelerated pace and in an irresponsible manner.
“In just a few weeks, unilateral measures have made the fundamental principles of free trade, such as most-favored-nation treatment and national treatment, meaningless,” the Brazilian leader emphasized. “Our countries have become victims of unjustified and illegal trade practices.”
“Tariff blackmail is becoming the norm as a tool to conquer markets and interfere in domestic affairs. The introduction of extraterritorial measures threatens our institutions,” said L. I. Lula da Silva, noting that trade and financial cooperation among BRICS countries offers a reliable way to mitigate the effects of protectionism. –0–
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