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 17/08/2018 Tlaxcala, the international network of translators for linguistic diversity Tlaxcala's Manifesto  
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 UNIVERSAL ISSUES 
UNIVERSAL ISSUES / How BRICS Plus clashes with the US economic war on Iran
Date of publication at Tlaxcala: 31/07/2018
Translations available: Português/Galego 

How BRICS Plus clashes with the US economic war on Iran

Pepe Escobar Пепе Эскобар

 

Rhetorical war has far-reaching consequences, including a potential economic slump via the disruption of global oil supplies

The key take away from the BRICS summit in Johannesburg is that Brazil, Russia, India, China and South Africa – important Global South players – strongly condemn unilateralism and protectionism.

The Johannesburg Declaration is unmistakable: “We recognize that the multilateral trading system is facing unprecedented challenges. We underscore the importance of an open world economy.”

Xi, crucially, emphasizes delving further into “our strategic partnership.” That implies increased BRICS and Beyond BRICS multilateral trade, investment and economic and financial connectivity.

And that also implies reaching to the next level; “It is important that we continue to pursue innovation-driven development and build the BRICS Partnership on New Industrial Revolution (PartNIR) to strengthen coordination on macroeconomic policies, find more complementarities in our development strategies, and reinforce the competitiveness of the BRICS countries, emerging market economies and developing countries.”

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China's President Xi Jinping, South Africa's President Cyril Ramaphosa and Russia's President Vladimir Putin arrive for a group picture during the 10th BRICS summit on July 26, 2018 in Johannesburg. Photo: AFP/Gianluigi Guercia

China's President Xi Jinping, South Africa's President Cyril Ramaphosa and Russia's President Vladimir Putin arrive for a group picture during the 10th BRICS summit on July 26, 2018 in Johannesburg. Photo: AFP/Gianluigi Guercia

 





Courtesy of Asia Times
Source: http://www.atimes.com/article/how-brics-plus-clashes-with-the-us-economic-war-on-iran/
Publication date of original article: 28/07/2018
URL of this page : http://www.tlaxcala-int.org/article.asp?reference=23919

 

Tags: BRICSUSA-Iran
 

 
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