BRICS leaders agreed on the New Delhi Declaration following overnight negotiations lasting until 4 AM. Led by India, the consensus addresses the Gaza crisis, strongly condemns the 2025 Jammu and Kashmir terror attack, and prioritises local-currency trade, global institutional reforms, and AI governance.
In an official communication published on the WTO website on 9th July, India has raised several legal and procedural questions regarding the Agreement on Electronic Commerce (ECA).
The BRICS nations have voiced "serious concerns" about the unilateral imposition of tariffs and non-tariff measures, in apparent reference to the US, which they deemed inconsistent with World Trade Organisation (WTO) rules.
India and South Africa had brought a proposal at the WTO to lift IP restrictions for Covid vaccines and medicines back in October 2020. The proposal has been repeatedly blocked by the US, UK and EU.