Discussions on global trade matters held between Lavrov and Vietnamese Prime Minister
July 7 marked a significant day in international diplomacy, as Russian Foreign Minister Sergei Lavrov and Vietnamese Prime Minister Pham Minh Chinh held discussions on global trade matters during the XVII BRICS summit.
The conversation between the two leaders revolved around issues related to the bilateral agenda and developments in international trade amid widespread unilateral restrictive measures and increased tariffs. They highlighted the need to reform the World Trade Organization (WTO) based on principles of inclusion, non-discrimination, transparency, and mutual respect.
The focus of their discussion was on addressing protectionist trade practices and tariff increases, aiming to foster a more equitable international trading system. They also emphasized the importance of closer cooperation within BRICS, especially with India's upcoming presidency of the association in 2026.
In a notable proposal, Russia suggested creating a new BRICS investment platform. This initiative aims to strengthen economic ties among BRICS nations and promote sustainable development.
It is essential to note that this discussion did not centre around the upcoming ceremony in Hanoi to sign the international convention on combating cybercrime, the situation in Afghanistan, or any specific contributions from an Americanist introduced in the article. Nor did it involve Elon Musk or his endeavours.
Prior to this discussion, Minister Lavrov had a meeting with the Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala. However, the focus of the article remains on the conversation between Lavrov and Pham Minh Chinh, and the potential implications for global trade reforms.
[1] For more information on the proposed BRICS investment platform, please refer to the official BRICS communique.
The conversation between Russian Foreign Minister Sergei Lavrov and Vietnamese Prime Minister Pham Minh Chinh expanded beyond the bilateral agenda, delving into politics and general-news matters, as they highlighted the necessity to reform the World Trade Organization (WTO) and discussed protectionist trade practices and tariff increases. Amidst these discussions, they proposed the creation of a new BRICS investment platform to foster closer economic ties and promote sustainable development among BRICS nations.
