... Union already has a number of partnerships built with these regional groupings, including a Memorandum of Understanding with the Eurasian Economic Union and the initiation of trade and cooperation talks between MERCOSUR and the AU in 2021[5]. In this respect, it is important to note that the African Union and Africa as a continent have been among the leaders in the Global South in coordinating cooperation among the numerous regional organizations and regional integration blocks.
Creating a regional platform within the BRICS+ circle would strengthen the AU’s position in leading a similar effort within the G20 when its chairmanship in the grouping ...
... accompanied by the creation of RCEP. The next stage in this process would be to link up all of the pan-continental platforms in Eurasia, Africa and Latin America into one common platform that would cover the bulk of the developing world with important implications for the future evolution in global governance. On the other hand, the issue of the BRICS expansion that emerged in May 2022 suggests that rather than the aggregation of regional integration groups of the Global South under the banner of BRICS+ a different track is entertained by China and its BRICS partners that targets increasing ...
... disputes and restrictions were led by the developed economies such as the US and the EU.
Large economies also tend to have significantly more allocations towards defence... ... the regional integration blocs where G20 countries are members. Similarly, for the BRICS, a BRICS+ format that brings together regional integration arrangements where... ... markets to deliver their contribution to the process of economic integration in the Global South.
Source:
Valdai. Discussion club
