BRICS countries on Saturday opposed unilateral trade measures, including the European Union's Carbon Border Adjustment Mechanism (CBAM). They stated that such steps undermine the efforts of developing countries aimed at mitigating the negative consequences of climate change.
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BRICS condemned unilateral sanctions and tariffs of Western countries, calling them a distortion of trade
BRICS sharply criticized unilateral measures, including sanctions, tariffs, and non-tariff restrictions introduced by various states. Members of the bloc argue that such actions distort trade processes and contradict established rules of world trade.
This statement was perceived as being directed against the United States, which began increasing import duties under the administration of Donald Trump. It is also noted that few countries have utilized the dispute settlement mechanism of the World Trade Organization (WTO).
Furthermore, BRICS called for the restoration of the WTO's dispute settlement mechanism, as the US has blocked all appointments to this organization. Additionally, the bloc, which accounts for a quarter of global trade turnover, criticized the protectionism motivated by environmental issues practiced by the European Union.