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20260914 153000 UTC
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[00:00:00] which is to open up trade, when you open up trade, then you have
[00:00:04] heft, because there is no way any of us can compete with
[00:00:08] china, they are the biggest par, so i
[00:00:11] of honestly
[00:00:12] i would think it would be a country as big and as with so
[00:00:16] many decades of civilization should understand this that
[00:00:20] it pays to open up for trade, and if you do that then
[00:00:24] it will start getting somewhere, right
[00:00:25] in now
[00:00:26] of it is, it's a bit one way and some someone like say for
[00:00:30] example, South Africa, they are, they have huge amount of exports
[00:00:34] to China and
[00:00:35] of that they have actually export surplus, which is great for
[00:00:38] them, but for us it's the other way around, there's a huge deficit, so
[00:00:42] we need to work on that. I think it's not only the quantum of
[00:00:46] trade, it's also the nature of trade.
[00:00:50] China is a manufacturing country, it has to
[00:00:53] realize that it can't remain the
[00:00:57] only major manufacturing country. breaks
[00:01:00] other countries to have to
[00:01:02] join.
[00:01:19] of
[00:01:33] of Economic cooperation has always been at the heart of
[00:01:37] of breaks from trade in investment to connectivity and new development
[00:01:40] opportunities. What opportunities does a stronger bricks mechanism
[00:01:44] create for Iran over to Tehran. Thank you. Trade
[00:01:48] and investments are certainly key issue for brix
[00:01:52] of members. As Brick cooperation expands, could new economic corridors and
[00:01:55] partnerships
[00:01:56] of create fresh opportunities for the region. Something will get. into with
[00:02:00] our guest next. For that segment, we are now joined
[00:02:04] by a Paul Cookrin, independent journalist whose work has appeared in the
[00:02:08] middle east eye and Reuters. Paul, the question that I wanted
[00:02:12] to uh ask you first is, what role could a bricks
[00:02:16] financial institutions actually playing helping circumvent the
[00:02:19] US dominated financial networks? there's long been
[00:02:23] a move to try and uh move away from US dominance
[00:02:27] and from the dominance
[00:02:28] of the US dollar. uh the creation of bricks
[00:02:31] a several years ago accelerated and pushed this, we're still not
[00:02:35] there
[00:02:36] of yet, um, the US dollar
[00:02:38] of still dominates global transactions,
[00:02:42] um, it's it's on the decline, in 2000, it was around
[00:02:46] 72% of all international transactions were
[00:02:48] in and reserves were in US dollars, that's dropped to
[00:02:52] 56%, um,
[00:02:55] in but that's up 1% on last year, so while it's down a lot and we're seeing, we've
[00:02:59] been seeing... decoupling from the US dollar, it did
[00:03:02] increase slightly last year, however
[00:03:06] that is looking like it set to decline further and further over
[00:03:10] time, and the actions
[00:03:11] of the
[00:03:12] of the Trump administration
[00:03:13] in the United States over the last few years has certainly accelerated that as
[00:03:17] more and more countries look to the couple from the dollar and define
[00:03:21] alternative systems for for transferring money
[00:03:24] around. um, we're seeing that particularly with with
[00:03:28] the bricks of course,
[00:03:30] of bridge, there's the embridge platform for transactions, which is
[00:03:34] similar to swift, the swift transfer system, which has been
[00:03:38] the global dominant one for over 40
[00:03:41] of years, that's operated outside of Belgium, but the
[00:03:44] of US has been controlling swift as a choke point um
[00:03:48] to
[00:03:49] of try to as a form of economic warfare against countries by blocking
[00:03:52] access to it. Iran's block to it, Syria was until
[00:03:56] recently, other countries at the
[00:03:58] of United States doesn't like the... just block access and they hold that over
[00:04:02] countries like a sort of sword of democc sword that they can
[00:04:06] just cut any country out whenever they want, so
[00:04:09] bricks led particularly by China, Russia and
[00:04:13] of others have been pushing forward for pushing their own
[00:04:17] transaction system, so they have this embedge system which is being used by number of
[00:04:21] central banks, also including the United Arab Emirates
[00:04:25] and Saudi Arabia, and those transactions have
[00:04:28] increased. potentially in the past year, they've
[00:04:31] really grown huge amount, so just transferring,
[00:04:35] making transactions between countries in their currencies
[00:04:39] rather than using the US dollar, the euro or other
[00:04:43] leading currencies, but it
[00:04:46] it's while this is
[00:04:49] of happening, it's it's a long long road ahead for the dollar to decline and
[00:04:53] of also for these transactions and alternative ways
[00:04:56] in to increase, but us
[00:04:57] of actions of in recent years have really pushed that. uh forward,
[00:05:01] starting
[00:05:01] of from of
[00:05:03] of 2022 following the Russian invasion of Ukraine and the US
[00:05:06] putting sanctions on Russia, Russia sought other
[00:05:10] ways to try and get around that um... 'then of course
[00:05:14] the sanctions on Iran, um, countries like China, which buys
[00:05:17] 90% of Iran's oil, has been using alternative
[00:05:21] payment systems and countries are also hesitant
[00:05:25] now to keep using as much dollars or the US
[00:05:29] financial system, in case that's used against them, uh, we saw just in the
[00:05:33] past few weeks, for instance uh, the Netherlands, Holland moving
[00:05:37] lot of its gold reserves out the United States, back
[00:05:41] to to Europe, um, which is a sign that they are also
[00:05:44] concerned about potential actions the United States
[00:05:48] and how that could impact them economically um
[00:05:52] like by seasing their their gold reserves and that happened
[00:05:56] uh of course several years ago with Venezuela uh that's
[00:06:00] also happened with Russia and this is undermining
[00:06:04] countries uh trust and reliance in in the United
[00:06:08] States but also
[00:06:09] in in Europe uh in holding reserves there that they could be
[00:06:13] any time if they do something that is
[00:06:17] in their interest, but the united states or europe considers it's not in
[00:06:21] their interest, so they can just block and hold that
[00:06:24] off, but we're not only seeing this in terms
[00:06:27] of alternative transaction systems
[00:06:31] like bricks set up, and we're also
[00:06:34] seeing China and Russia develop their
[00:06:37] economic transactions and
[00:06:40] financial banks around the world. to develop systems as
[00:06:43] well, um, so all these sort of factors
[00:06:46] together
[00:06:48] are are are chipping away at the United States dominance, we're also seeing this
[00:06:51] crucially in sectors like energy where the petro
[00:06:55] dollar dominated for so long, where oil transactions
[00:06:59] payments were done in dollars rather than other currencies, which
[00:07:03] supported and helped the United States, we're seeing a
[00:07:06] shift away from that to what's been called the petro one, so payments
[00:07:10] in China's currency. uh we're also seeing bartering
[00:07:14] being used and other systems, so this is all slowly
[00:07:18] working away against that
[00:07:19] and as other systems start to develop and they just sort
[00:07:23] of really waiting in some ways for for just a sort of bigger push and
[00:07:27] wider acceptance as more and more payments get get done in
[00:07:31] that way, but there's a clear shift foot at the
[00:07:33] moment. now let's take a look at this
[00:07:37] infographics a bricks oil producing countries is the focus
[00:07:41] in this. infographics cumulatively breaks oil producing countries
[00:07:45] account for anywhere between 30 to 40% the oil
[00:07:49] production in the world. some the countries that contribute to this are
[00:07:53] listed here, countries like Iran, Saudi Arabia,
[00:07:57] India, UAE, China, and Russia. This can be used as a
[00:08:00] pressure point against the US since it uses pressure points
[00:08:04] against many other countries. Paul, my second question to
[00:08:08] you is the US can use its position in the global financial system?
[00:08:12] them to restrict countries access to international finance, breaks
[00:08:16] initiatives around local currency settlements, alternative
[00:08:20] payment systems and financial cooperation could give countries
[00:08:24] more option outside of this system. where do you think
[00:08:27] things is stand at this
[00:08:30] moment?
[00:08:34] as more and more trade happens between countries, it does reduce the
[00:08:37] reliance on the US, particularly if that trade is being
[00:08:41] done um outside the US payment systems, we've
[00:08:45] seeing that increase, particularly in countries that are
[00:08:48] sanctioned, in countries that are trying to avoid the US payment
[00:08:51] system, but when it comes to to just
[00:08:55] sort of trade itself in the United States, I mean the
[00:08:58] United States is not a huge
[00:09:02] manufacturer that people are buying from, what they're buying more
[00:09:05] from the United States is software, entertainment
[00:09:09] system using the financial sector, and that...
[00:09:12] where uh countries can't really totally avoid
[00:09:16] that, and that's also area where we've seen in particularly like
[00:09:19] telecommunications, the internet, that the US still
[00:09:22] dominates globally on that and is using its
[00:09:25] leverage against countries and to push its own own
[00:09:29] agenda. um, also, I mean,
[00:09:33] but in terms of of trade, particularly with with
[00:09:37] China, I mean China is still such huge manufacturer, the world's leading
[00:09:40] one, and lot of countries. are buying of course from China
[00:09:44] um and so if
[00:09:46] that they're buying and have exchanges of goods uh those are going to increase
[00:09:50] without necessarily using the dollar, they'll be using more than one
[00:09:53] the Chinese currency and others as well
[00:09:57] um but the the global south well there is lot
[00:10:01] of trade with each other and into it's still skewed very
[00:10:05] much in terms the north buying particularly the products the goods the
[00:10:09] resources of the global south and this big trade.
[00:10:12] balances and of course lot the global south
[00:10:16] to the north so some of that money that interest is being used
[00:10:20] to service those debts because we still very much have
[00:10:24] economic um around being exploited for
[00:10:27] its resources, being exploited for its
[00:10:30] resources that are not developed into value added goods that are not
[00:10:34] developed into value added goods, those are then shipped to
[00:10:38] the to Europe and the United States and turned into more valuable
[00:10:41] goods, so as long as we still have those sort of imbalances
[00:10:45] in trade and that economic model is still going on, we're not going to
[00:10:49] see the sort of shift that some might hope
[00:10:53] until there sort of further economic. developents
[00:10:56] now, the third question that I had, Paul, is shifting
[00:11:00] global economic power, bricks has um become much larger in
[00:11:04] that sense, its members right now include China, India, Russia,
[00:11:07] Brazil, Iran, South Africa, Egypt, Ethiopia,
[00:11:11] Indonesia, Saudi Arabia and the UAE, giving the
[00:11:14] group considerable demographic and economic
[00:11:18] weight, why haven't global institutions uh been given
[00:11:22] greater representation to the global south, and
[00:11:25] emerging economies, this issue has been a
[00:11:29] pressing one for for decades and has certainly taken on more importance in
[00:11:33] recent years and
[00:11:35] the global south has long been demanding a
[00:11:38] bigger representation and more seats
[00:11:42] uh at global institutions such as the world bank, international monetary
[00:11:46] fund um to have to have more of a say in and how global
[00:11:50] policy is done and directed uh but of course these
[00:11:53] institutions were set up by United States and Europe in the aftermath
[00:11:57] of World War II, and they were very much set up to
[00:12:01] push western interests and to and to
[00:12:03] keep uh to keep the economic system in their
[00:12:07] advantage rather than than
[00:12:10] listen to the the genuine concerns of others elsewhere in the
[00:12:14] world, so the rules, the financial
[00:12:16] system, it's all very much been set up in in
[00:12:20] favor of of the west, and they've used and abused that, and they don't want to
[00:12:24] see... that undermined
[00:12:27] um they are concerned that the bricks as it becomes larger
[00:12:31] uh will will chip away at that will will develop its own
[00:12:35] system will want
[00:12:35] to have more of a say um but of course the the west has also been
[00:12:39] trying to very much has been following a policy long use
[00:12:43] called the sort of divide and conquer but trying to create divisions within the bricks
[00:12:47] members because the bricks members of course are not all
[00:12:51] ideologically aligned I mean we're talking very different uh
[00:12:55] politics, different economies, different outlooks and
[00:12:59] different interests and agendas that they want to do, and
[00:13:03] so the west has been trying to to break that up and to divide them more so that they
[00:13:07] can't have a more consolidated
[00:13:11] and forceful position on that, and I think we've seen
[00:13:15] that also with the terms of of in terms of bricks trying to
[00:13:18] develop say its
[00:13:20] own own currency and own systems, why they are
[00:13:23] growing, there's not... being the unity that sort of really
[00:13:26] needed there to really challenge that that western
[00:13:30] dominated financial system, there's also of course
[00:13:34] been the sanctions against members
[00:13:37] of bricks and the
[00:13:40] use of us financial warfare against the
[00:13:44] economies and and the sanctions and threats of those have
[00:13:48] met that some countries in the bricks such as Saudi Arabia, the
[00:13:52] UAE for instance, long timeime allies
[00:13:56] as well that they've been uh more reluctant to to
[00:14:00] push
[00:14:00] this further, still being relient very much on the US on many
[00:14:04] fronts, but we've also seen countries like Saudi
[00:14:07] Arabia move away from the petrodollar for oil
[00:14:11] payments and and and move to and accepting others other payments
[00:14:15] and the UAE as well, so we're seeing a
[00:14:19] shift on on that front and particularly as they're such big
[00:14:22] economic players and particularly in the... markets, this
[00:14:26] this is a bigger ramifications. independent journalist,
[00:14:30] thank you so much for your time
[00:14:31] today.
[00:14:37] india remains one the most influential members of bricks
[00:14:41] and its role will be closely watched at this summit. what
[00:14:44] expectations does India have for the future development of bricks? let's hear
[00:14:48] from our colleagues in New Delhi. thank you Krash. from India's
[00:14:52] perspective, bricks is increasingly becoming a platform. for cooperation among
[00:14:56] developing countries, but beyond economics, can it contribute to
[00:15:00] a more balanced global governance system? let's break down the final
[00:15:03] nuances of this with our guests here in the studio. now ambassador
[00:15:07] Kaju, when we talk about the economic dimension of this
[00:15:10] summit, we also know that reducing dependence upon the US dollar
[00:15:14] is also going to feature prominently in the discussion because we have Iran, we
[00:15:18] have Russia, we have China, all them are a way pushing for these
[00:15:22] alternative financial mechanisms, but India has again made it clear it
[00:15:26] stance that
[00:15:27] it is not typically or it is not um
[00:15:30] you know very straight forward out there saying that we are
[00:15:33] anti dolar we want to challenge the western hegemony now how do
[00:15:37] you think India is going to balance the kind of aggressive post that we might be
[00:15:41] getting from within the block itself? look, India's position is
[00:15:45] always been clear, the dollar is the principal currency
[00:15:49] the world and it's likely to remain so.
[00:15:53] ironically the push for
[00:15:55] dedollarization is coming from the United States
[00:15:59] because of its sanctions regimes and
[00:16:02] here India's position again is very clear
[00:16:06] that if ' interests compel us to
[00:16:10] trade with countries which are under sanctions,
[00:16:14] then we'l find ways and mechanisms to finance that
[00:16:17] trade, and to that extent our
[00:16:21] interests and the interests of those who are ideologically committed
[00:16:25] to dedollarization coincide, but not
[00:16:29] beyond that, but having said that,
[00:16:33] now Dr. Karta, I would like to take that, I not further with you, because India views...
[00:16:37] as a tool to um reform the existing global mechanisms which are in
[00:16:41] place and this is to give the global south greater representation
[00:16:45] while resisting the you know temptation to make it anti-western in any of
[00:16:49] its manifestations but many members within the grouping they
[00:16:53] are facing these heavy western sanctions as ambassador was also
[00:16:56] mentioning they are likely to approach the global governance through a more defensive
[00:17:00] lens here now given the clashing visions and the
[00:17:03] specific reforms which India realistically can champion through the bricks
[00:17:07] it do you think that is going to make the international order more
[00:17:10] inclusive and this without compromising its ties with the United States
[00:17:14] the west? how will it pull that off? that's going to be
[00:17:18] extremely difficult in the WTO at least. mean
[00:17:22] again if you look at the pattern of behavior in WTO, by and large
[00:17:26] bricks has you
[00:17:27] know been on the same side, not because their interest. it's not a
[00:17:31] bricks thing, it is an individual countries interest. number two,
[00:17:35] if i can just add to what we said
[00:17:36] the sanctions. issue like you said is is what can you do if there are sanctions i
[00:17:40] still have to trade with that person
[00:17:43] but see these are all now in the in the in the longer
[00:17:47] you know view this is a temporary thing this is going to
[00:17:50] go so as we go forward I would prefer not to
[00:17:54] have dedollarized economy it doesn't suit me but in in
[00:17:58] in terms of for example the bricks there are things like innovation the innovation
[00:18:02] centers in China which I would like it to boot up innovation is good for
[00:18:06] everybody it's not. not anti-west
[00:18:08] or anything, it's just innovation by itself, so everything that you
[00:18:12] correctly said earlier, everything that we are
[00:18:15] bulleting on bricks is to do with this with
[00:18:19] this evolution in terms of going forward in multiple areas which
[00:18:23] matter on the ground, trade is one, there's no doubt, agriculture
[00:18:27] by the way, many of us are on different platforms, the bricks is not
[00:18:31] together and agriculture, but by and large, i think the
[00:18:34] sanctions issue is the defining problem. and that is
[00:18:38] uniting bricks, which is the
[00:18:40] irony, but having said that, we know
[00:18:44] that if we have to trade, if we look at this,
[00:18:47] mean primarily with the view of Iran here, we do that the prime
[00:18:51] minister during the SEO, he said that India would want to expand and
[00:18:55] diversify the trade basket with Iran, now we know that it has come a
[00:18:59] particularly difficult moment because the financial infrastructure and the trade
[00:19:03] restrictions, it's made it so complex to actually make it happen
[00:19:06] theoretically, is one thing, but of course in practice it's going to be a completely different
[00:19:10] challenge, but with this protectionism and this
[00:19:13] unilateralism that we're seeing on the rice, can bricks help defend this
[00:19:17] multilateral trading system and also open up the market, ambassador Kaju, according to
[00:19:21] you, I think it will be difficult,
[00:19:24] because American influence and western influence
[00:19:28] in general on world trade patterns are still very
[00:19:32] strong, the Chinese of course are the factory the
[00:19:36] world and everyone has to... to to deal with
[00:19:39] China, as you rightly mentioned, the
[00:19:43] American Chinese economic relationship is very strong and will remain
[00:19:47] so despite all their political differences, but for
[00:19:50] others it's difficult to navigate these
[00:19:53] differences, but if you permit
[00:19:57] me, there is one issue which will which unites
[00:20:01] breaks, and if I may change, if you permit me
[00:20:05] to change that theme, and that's climate change. Yes, we've just
[00:20:09] seen this disaster in Nepal,
[00:20:12] and except for the Americans who are climate,
[00:20:16] under President Trump are climate skeptics, all of
[00:20:20] us are united in this one issue,
[00:20:24] and if there is one theme which I think can really unite
[00:20:27] bricks, it's the need to combat
[00:20:30] anthropogenic climate change. What ambassador,
[00:20:34] doctor, would you agree that that is of course one the biggest denominators which
[00:20:38] has brought all these countries together, but is there anything else where we can,
[00:20:42] after all, despite our differences and despite our different strategic interests
[00:20:46] can find common ground? i would totally
[00:20:50] back the climate issue because if you look at the cl world report
[00:20:54] on these things, this is the area which is most prone to
[00:20:57] you climate disasters, mean they predicted this, it's nothing
[00:21:01] new, so
[00:21:02] that yes, but translating that on the ground, it's all very well at
[00:21:06] cop meetings to say that, oh yeah, we are all you know united, how
[00:21:10] do you get that to work, for example in urban development, how do you make
[00:21:14] sure that the cities grow a way that it's not like
[00:21:18] for example china's d which is become one of major
[00:21:21] issue, I'm not, I'm not going to comment deeply on that because I am not an
[00:21:25] expert, but I would assume that something on the great bend for example on
[00:21:29] the Brahmaputra is completely environmentally
[00:21:32] disastrous, so I hope that this recent
[00:21:36] Nepal disaster and China reacted very well to that,
[00:21:40] hopefully that will come out, but the second thing I want to say
[00:21:42] is, I mean this is something I feel strongly
[00:21:46] about why are we being targeted because
[00:21:50] the war, I mean, we are told don't import oil from Iran, don't import oil
[00:21:54] from Russia, I've got nothing to do with the war, I didn't start the
[00:21:57] war or any of us in, we didn't start this war,
[00:22:01] so we need Russia also to come forward, but Russia can't do it
[00:22:04] alone, there are two sides to the war, so one, I hope there
[00:22:08] is something comes out the bricks to end these wars which are
[00:22:12] damaging our economies hugely, that is a common interest,
[00:22:16] all of us have been it badly, do you also think that? Since we
[00:22:20] are talking about multipolarity here, we're trying to create these different points of
[00:22:23] influence and decentralized perhaps such
[00:22:27] hegemonized power that we saw in the west, but in the process it also does
[00:22:31] give rise to polarization and which we have
[00:22:34] seen play out in multiple aspects, here we are going to see iran sitting on the
[00:22:38] same table with Saudi and the UAE, India and China are going to
[00:22:42] sit at the same table, but again do you think that also risk creating
[00:22:46] these polarized opinions which can also perhaps become you know anti?
[00:22:50] to what we are trying to do with bricks or can we overcome that given the
[00:22:54] larger denominator that you guys just mentioned ambassador
[00:22:57] look national interests of all countries
[00:23:01] member states of bricks included do not necessarily
[00:23:04] coincide and it is the test
[00:23:08] of diplomacy and leadership to
[00:23:12] find methods of reconciling different
[00:23:15] differences so that you can come to common a common
[00:23:19] ground. and this involves difficult process
[00:23:22] of give it take, and it is here that I
[00:23:26] think our prime minister is
[00:23:30] well placed, he is always advocated dialogue and
[00:23:34] diplomacy and now he can push for it
[00:23:37] in this present
[00:23:41] bricks summit, because this the world
[00:23:45] is a very dangerous situation and all of us are suffering,
[00:23:49] there's no... which is unaffected by it, so
[00:23:52] therefore wisdom would lie in
[00:23:55] Iran and hopefully in Saudi
[00:23:59] Arabia and in the UAE to find common
[00:24:03] ground when there is advocacy
[00:24:07] from for it from other member states.
[00:24:11] Having said that ambassador, then what kind of an international order do you think
[00:24:15] that you
[00:24:16] know India hopes that bricks would be able to build?
[00:24:20] "I think an order which is not dominated
[00:24:23] by two major
[00:24:27] countries, but an order where the
[00:24:30] interests the other parts, including India and
[00:24:34] the global south are taken into account,
[00:24:38] the voices the global south have to be heard, because the
[00:24:42] challenges and we mentioned climate change, the challenges from climate
[00:24:45] change are being felt acutely in the
[00:24:49] glob'. global south and
[00:24:52] unless we find
[00:24:55] some ways to reconcile differences on these issues which
[00:24:58] divide us, we will all suffer, we all,
[00:25:02] i've always believed we all on the same planet, there's no way of
[00:25:06] getting out of it, and that is the message that
[00:25:10] resonated quite well with lot of people when prime minister during the SEO
[00:25:13] said that we need to move away from these endless wars to the end of
[00:25:17] war, and having said that, that is als become the basis of India stunce
[00:25:21] which it has reiterated multiple times over and over again and this
[00:25:25] diplomacy we hope that it can bring about a positive change but having said that doctor I
[00:25:29] would also like to get your take on this what kind of international order what
[00:25:33] kind of emergal emerging structure and architecture for the world that we're building do
[00:25:37] you think that India would want to come out the brings? well
[00:25:41] I would say then you have to stop
[00:25:43] this was which based themselves on
[00:25:47] civilian casualties and look at the immense. amount of civilian
[00:25:50] casualties, you go fight, armies fight each other all the time, that's why they are
[00:25:54] there, but this kind of wars which we're seeing now
[00:25:58] where defenseless people and children are being targeted, this has to stop.
[00:26:02] and that is where when we say, and that's not just moral
[00:26:06] principle, it's a principle on which if you have
[00:26:09] to have an order,
[00:26:11] like you said, then that means something, there is meaning to the word order, you can't just
[00:26:15] do whatever you like and say, there's an international order, there isn't,
[00:26:19] so if there is vacuum now which, so if there is vacuum
[00:26:23] now which there is, perhaps bricks can fill that with
[00:26:27] some value based international order which is also practical in terms
[00:26:31] of. during your economic objective, thank you so much both for joining us and
[00:26:35] sharing your perspective with us, thank you, thank you, thank
[00:26:38] you,
[00:26:57] as India hosts the brick summit in New Delhi, the gathering goes beyond a
[00:27:00] meeting of emerging economies. from trade and finance to
[00:27:04] technology, regional tensions, climate action and sustainable
[00:27:07] development. The summit offers an opportunity to turn shared
[00:27:11] challenges into practical cooperation, and for New Delhi,
[00:27:15] a more inclusive, balanced and multipolar global order will
[00:27:19] ultimately depend not only on dialogue, but on the ability to
[00:27:23] translate common aspirations into common action. And
[00:27:27] as we look beyond the summit itself, the bigger question is what
[00:27:31] comes next. can bricks turn growing political momentum into
[00:27:35] concrete cooperation and can it become a stronger voice for the
[00:27:38] global south and west Asia? let's hand over to
[00:27:42] Tehran. yes, thanks for your valuable insight from
[00:27:46] New Delhi's a studio. what you have mentioned will ultimately be the test of this
[00:27:50] summit, not simply what is discussed, but what can be
[00:27:53] delivered. thank you to our colleagues in New Delhi and thank you to all our
[00:27:57] panelists for joining this Tehron New Delhi's discussion.
[00:28:01] this year's break some that comes a critical moment for both the organization
[00:28:05] and a wider international system. bricks is not simply
[00:28:09] economic grouping, but increasingly important platform for
[00:28:13] cooperation. for Iranda summit also presents an
[00:28:16] opportunity to deepen economic, technological and financial
[00:28:20] cooperation, while using multilateral cooperation to
[00:28:24] translate its growing political weight into concrete cooperation is
[00:28:28] stronger global governance and tangible development
[00:28:31] benefits. Thanks again to our colleagues in New Delhi and guests in the
[00:28:35] Tehran studio that will wrap up this special edition on brick
[00:28:39] summit. I'm Krash Punemati in Tehran. See you next
[00:28:42] time.
[00:29:15] Crisis devastating wars,
[00:29:18] terrorism, the Israeli
[00:29:21] lobby,
[00:29:25] crackdown,
[00:29:29] diplomacy.
[00:29:33] Global economy suffering hormos closure.
[00:29:36] The
[00:30:01] headline. Iran's IiaA NY slams the
[00:30:05] International Atomic Energy Agency for referring Iran's nuclear file to the
[00:30:09] Security Council saying the move has no legal basis.
[00:30:13] The Yemany Armed forces say they have conducted a law