... cooperation among regional integration arrangements and their development institutions where BRICS countries are members. Such a platform could have the BEAMS concept as its core — namely cooperation among the key regional integration initiatives of BRICS economies such as BIMSTEC, EAEU, ASEAN-China FTA, Mercosur and SADC/SACU. This circle of cooperation could be
complemented
by platforms between regional development banks/regional financing arrangements and NDB/BRICS CRA respectively.
One of the ways to upgrade/modernize this ...
... and limitations, established mechanisms that address economic and strategic interests, such as the New Development Bank. While BRICS and SCO have become tools of political signalling on issues related to global affairs, there however exist asymmetries among ... ... bilateral relations between India and Russia and their proactive role in regional mechanisms such as SCO, Eurasian Economic Union (EAEU), and Russia-India-China (RIC) are viewed as an integral part of this construct. Regional connectivity needs due attention ...
... associated in the multilateral organizations both at the global and regional levels. The two leaders spoke of the significance of the BRICS, R-I-C and Shanghai Cooperation Organisation (SCO). In fact, the SCO was of major focus during the discussion between the ... ... cooperation with Iran; however, the prevailing tension between Tehran and the US cannot be overlooked.
In the Eurasian Economic Union (EAEU) field, President Putin hopes that with the establishment of a free trade area between India and the EAEU, additional opportunities ...
... diplomatic platforms
The Indo-Russian collaboration has been vibrant and active across multiple international forums including BRICS and Shanghai Cooperation Organization (SCO) that stand out amid the majority of international diplomatic forums led by the ... ... its
creation
in 2014.
On the other hand, it was at the St. Petersburg International Economic Forum (SPIEF) in 2015, when the EAEU authorities along with their Indian counterparts
decided to
launch JFSG on FTA agreement between the Eurasian Economic Union ...
... inter-regional and global structures gravitate towards Eurasia in one way or another. This means that the SCO is still facing institutional competition, albeit in an implicit and relatively mild form. We have already mentioned the SCO’s rivalry with the EAEU, but this is not the only possible scenario.
For example, the BRICS organization (which includes Brazil, Russia, India, China and South Africa) is based on the Eurasian triangle of Russia, India and China (the “RIC” part of the acronym). Now that India is a member of the SCO, the latter has come to reproduce,...
