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Is there a new trend in international trade, the "BRICS", or is there a move to replace the US dollar as a common currency? According to a report on the British website on June 2, BRICS countries are considering expanding their membership, and may even establish a new common currency substitution.

According to the report, South African Foreign Minister Pandor said that the BRICS New Development Bank has introduced the possibility of introducing international trade as an alternative currency to the group.

According to the report, the group issued a joint statement after the meeting that ended on the 2nd. The statement said, "Ministers emphasize the importance of encouraging the use of local currencies in international trade and financial transactions

Indian Foreign Minister Su Jiesheng said that this meeting must "send a strong message that the world is multipolar and is rebalancing". Brazilian Foreign Minister Mauro Vieira also stated that the BRICS countries are an indispensable mechanism for establishing a multipolar world order that reflects the ways and needs of developing countries.

According to multiple foreign media reports, at the BRICS Foreign Ministers' Meeting held in Cape Town, South Africa, foreign ministers and representatives from more than ten countries from the "Global South" participated in the "Friends of the BRICS" meeting. Foreign ministers and representatives from multiple countries stated that developed countries have not fulfilled their commitments to the developing world, and BRICS countries are the defenders of developing countries. They expect the BRICS countries to bring about change and believe that they are an indispensable mechanism for establishing a multipolar world order.

According to Reuters, on the 2nd, senior officials from more than ten countries, including Saudi Arabia and Iran, held talks with the BRICS countries, which are major emerging economies, to establish closer ties. The report states that the BRICS foreign ministers' meeting aims to strengthen ties and become a force that can compete with the West.

It is reported that South African Foreign Minister Pandor delivered a speech at the beginning of the meeting on the 2nd, stating that the BRICS countries are defenders of developing countries. She said that developing countries were abandoned by rich countries and global institutions during the COVID-19 epidemic.

Pandor said, "The world's cooperation is on the brink of collapse. Developed countries have not fulfilled their commitments to the developing world and are systematically attempting to shift responsibility to the 'global South'

According to the report, an official announcement shows that Iran, Saudi Arabia, the United Arab Emirates, Cuba, the Democratic Republic of the Congo, the Comoros, Gabon, and Kazakhstan have all sent representatives to Cape Town to participate in the "Friends of the BRICS" talks. Egypt, Argentina, Bangladesh, Guinea-Bissau, and Indonesia participated in the talks online.

The report states that other countries also support Pandor's condemnation of rich countries. Congo (DRC) Foreign Minister Lutundira said that developed countries lack the political will to promote collective peace and prosperity. He said, "My country... calls on the BRICS countries to bring about change and establish a new international trade order

According to a report by Effe News Agency, the foreign ministers and representatives of the emerging economy group BRICS countries stated in Cape Town, South Africa on the 2nd that conflicts such as the Ukrainian war occupy the "attention and resources" of wealthy countries, rather than eradicating global poverty.

According to the report, South African Foreign Minister Pandor said in a speech at the BRICS Foreign Ministers' Meeting on the second day, "Our wealthier partners' attention and resources have been misappropriated. We cannot allow conflicts in any region of the world to replace the goal of eradicating global poverty and become the biggest global challenge

The report also stated that the First Deputy Minister of Foreign Affairs of Cuba, Penevier Portal, pointed out at the meeting that the BRICS countries "can and should make significant contributions to the necessary reforms of the current international financial system, which is extremely unfair, anti democratic, speculative, and exclusive". He also said, "We welcome the possible increase in the membership of BRICS countries. This will help strengthen multilateralism, institutional frameworks, and the importance of this mechanism in the global governance architecture

The report points out that Pandor and her colleagues have confirmed that the group is studying a plan to open its doors to new members, but they acknowledge that there is still much work to be done to initiate this expansion process.