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Higher diplomats from BRICS countries will meet in Brazil on Monday to present a united front in the face of threats that arise from the aggressive commercial policies of United States President Donald Trump.
The meeting comes at a critical moment for the world economy after this week’s international monetary fund reduced growth forecasts on the impact of new -American leader’s new rates.
Commercial block diplomats included in the current Brazilian President, Russia, India, China and South -Africa will meet in Rio de Janeiro for two days, as a precursor to a leaders’ summit in July.
“The ministers are negotiating a statement aimed at reaffirming the centrality and importance of the multilateral trade system,” said Brazil’s representative, the representative of Brics Lilio, on the journalists on Saturday.
The group has expanded significantly since its inception in 2009, and now includes Iran, Egypt and the United Arab Emirates. It constitutes almost half of the world’s population and 39% of global GDP.
Trump since returning to the White House in January has reached dozens of countries with a rate of 10% blanket, but China faces up to 145% in many products. Beijing responded with 125% duties on North -Americans.
Brazilian Foreign Minister Mauro Vieira will host the meeting attended by Sergei Lavrov and Wang Yi of China, among others.
It is scheduled to begin at 11:00 am of local time (1400 GMT) with a statement provided for in local afternoon time.
Climate change is expected to present the day on the agenda ahead of the United Nations Climate Climate summit in November, organized by Brazil in the Amazonian city of Belem.
The group is also likely to discuss the war in Ukraine, as Trump aims to push Russia and Ukraine to a peace agreement.
The nine “partners” countries will be incorporated into discussions for debates, including several former Soviet states, as well as Cuba, Malaysia, Thailand, Uganda and Nigeria.
This story originally presented to Fortune.com
