China’s presidency in the Shanghai Cooperation Organization (SCO) this year has been accompanied by an acceleration in the progress made by this Eurasian bloc towards creating a common SCO Bank. While the idea has been in discussion for almost a decade, the recent meeting of Finance Ministers and Heads of Central Banks of SCO economies held in June has further advanced the creation of a common financial institution for SCO economies, with the meeting’s participants endorsing its creation[...| BRICS+ Analytics
At the end June 2025 the European Commission presented several scenarios of building the EU’s network of trade alliances, with the one deemed the most promising being the link-up between the EU and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)[1], a regional trade pact of 11 Pacific Rim countries and the UK[2]. If created this alliance would give rise to one of the largest free trade platforms in the global economy that rivals the likes of the Regional Co...| BRICS+ Analytics
Ahead of the BRICS summit in Brazil there is increasing newsflow on the widening of the array of emerging market economies that are raising their level of cooperation with the BRICS grouping. According to Brazil’s Ministry of Foreign affairs, one such economy is Vietnam that has become a member of the BRICS partnership belt in mid-June 2025[1] – this was later confirmed by Vietnam’s Ministry of Foreign affairs[2]. Vietnam has participated in the BRICS+ outreach meetings in 2024 and has ...| BRICS+ Analytics
The ASEAN-GCC-China meeting in May 2025 points to an increasingly coordinated response from the Global South to growing protectionism in the world economy| BRICS+ Analytics