World News

World is moving from West to East – BRICS forum chairman tells RT – RT Business News

Trade bloc offers new growth model involving equal rights and opportunities for members, says Purnima Anand

The role of the BRICS on the world stage is growing every day and many countries are being drawn to the economic bloc by the new solutions and stability it offers, said BRICS International Forum Chair Purnima Anand, who comes exclusively to RT this week.

The BRICS group of emerging economies currently includes Brazil, Russia, India, China and South Africa. The bloc represents more than 40% of the world’s population and almost a quarter of the world’s GDP.

With Western economies in decline, many countries, even members of OPEC and the OECD, are now interested in the stability the BRICS have to offer, Anand noted. In particular, she mentioned OECD member Türkiye, which is currently applying for BRICS membership.

Many BRICS-friendly countries are joining the bloc, she said, adding “So this is [the] when power shifts from West to East.

The official, however, pointed out that the BRICS are not “a competitor of the western economy.” BRICS countries cooperate and have a common perspective, because “we don’t want to develop another model of Western economy and democratic process; we want a new model where all members have the same rights and opportunities to grow together.

Anand argued that for a long time Western powers had used the entire planet for their benefit, exploiting both the human and natural resources of other countries and continents. In the Western model of economic growth, some countries “are very high, while others are very low and do not have the possibility of their economic development”, she noted.

Today, countries in the Eastern world understand what the West is doing and what is good for them, Anand said.

The president of the BRICS forum pointed out that the whole world is currently in a very “disturbing” situation, with high inflation and countries looking for solutions. Meanwhile, China, Russia and India have started using their local currencies in trade, showing that there are alternatives within the BRICS bloc.

Moscow reveals how many countries want to join BRICS

Speaking about Western sanctions against Russia, she said the restrictions create an opportunity for BRICS economies. “It is high time for the BRICS partners and alliances to create a good structure… to understand where we are going, what cooperation is needed and what new dimensions are developing thanks to the participation of new members”, Anand said.

For more stories on economics and finance, visit RT’s business section

You can share this story on social media:


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button