The possibilities offered by the “integration of integrations” track for BRICS+ are substantial
The possibilities offered by the “integration of integrations” ... ..., writes Valdai Club Programme Director
Yaroslav Lissovolik
.
The main hallmark of China’s chairmanship in the BRICS grouping in 2022 has been the unveiling of plans... ... Shanghai Cooperation Organization (SCO), the Gulf Cooperation Council (GCC), ASEAN, SAARC, EAEU. Such an extended platform across all three continents of the Global South may...
... the main regions of the Global South via aggregating the regional integration platforms in Eurasia, Africa and Latin America. Going forward this format may be further expanded to include other regional integration blocks from Eurasia, such as the GCC, EAEU and others.
During the meeting of foreign ministers of BRICS countries China also announced plans to open up the possibility of developing countries joining the core BRICS grouping. This approach differed to some degree from the line pursued by BRICS in the preceding years, when any expansion outside of the BRICS core was ...
... 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 BRICS+ concept ...
... 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, somewhat belatedly, the Eurasian triangle of BRICS; this ...