BRICS Summit Outlines Joint Initiatives in Technology, Supply Chains, and Finance
· Source: streamlinefeed.co.ke
In short
Leaders of the expanded BRICS grouping concluded the 18th BRICS Summit in New Delhi, adopting the New Delhi Declaration and creating institutional frameworks covering artificial intelligence, health surveillance, smart grids, logistics supply chain cooperation and digital investment platforms. The bloc agreed on an open-access AI zone, a Smart Grids and Energy Storage Centre of Excellence, the BRICS Connect human capital platform, an SME cooperation portal and a BRICS Urban Future Forum. Russia reported intra-BRICS trade turnover of $1.2 trillion and $40 billion in New Development Bank financing across 123 projects, while China tabled five technology initiatives and the chairship prepares to pass to China for 2027.
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Tags: supply chain, logistics, smart grids, BRICS, AI governance