The BRICS should leverage its close ties with emerging markets and Global South to safeguard supply chains, and foster a large integrated market, Chinese President Xi Jinping said on Sunday as he proposed a five-point initiative to boost trade, manufacturing, investment, and technology cooperation.
In an address at the concluding session of the BRICS Summit, he called upon the leaders of the grouping to work towards writing a “new chapter of strength through unity for the Global South,” asserting that the logic that “might makes right” should have been discarded long ago.
“A world without rules is like a crossroads without traffic lights, where chaos and disorder are all but guaranteed. Fairness and justice is a universal aspiration, and international rules must be written by all countries,” he said.
Xi said the Global South countries should jointly “defend the rule of law in international affairs, safeguard the basic norms of international relations including sovereign equality, ..
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