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[INTERNATIONAL] · India, China, Iran · 12 sources

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BRICS Summit: Pezeshkian calls for local currency trade and Xi proposes new cooperation initiatives

At the 18th BRICS Summit in New Delhi, Iranian President Masoud Pezeshkian and Chinese President Xi Jinping outlined visions for a multipolar global order. Pezeshkian called for increased economic resilience among BRICS members by expanding trade in national currencies to reduce dependence on the US dollar and existing financial systems. He criticized unilateral sanctions, asserting they harm global food security and public welfare, and warned that military aggression against Iran's infrastructure could have global repercussions.

Pezeshkian also addressed regional security, stating that Iran seeks peace and cooperation with neighbors like Saudi Arabia and China, while opposing the use of US bases for attacks on Iran. He denied claims of nuclear weapon development, affirming Iran's commitment to the Non-Proliferation Treaty. Additionally, he noted ongoing discussions with Oman regarding a maritime framework for the Strait of Hormuz.

Chinese President Xi Jinping proposed a five-point initiative to deepen BRICS cooperation. His proposal focuses on artificial intelligence, digital industries, smart manufacturing, and science and technology training. Xi emphasized the need for the Global South to safeguard supply chains and advocated for international rules to be written by all countries rather than being dictated by a few powers.

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BRICS · India · Iran · Masoud Pezeshkian · Narendra Modi · New Delhi · Xi Jinping

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