Four key points from the statement:
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Comprehensive reform of the UN: They “support a comprehensive reform of the United Nations, including its Security Council” with a view to making it more democratic and “increase the representation of developing countries in the Council’s memberships”
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Comprehensive reform of financial system: They “recognize the need for a comprehensive reform of the global financial architecture to enhance the voice of the developing countries and their representation in the international financial institutions.” Crucially they also “underscored the importance of the enhanced use of local currencies in trade and financial transactions between the BRICS countries.”
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Calling out Israel and backing Palestinian statehood: “The Ministers expressed serious concern at Israel’s continued blatant disregard of international law, the UN Charter, UN resolutions and Court orders.” They also “support Palestine’s full membership in the United Nations” as well as “the establishment of a sovereign, independent and viable State of Palestine in line with internationally recognized borders of June 1967 with East Jerusalem as its capital”.
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Condemning “unilateral coercive measures” and protectionism: They didn’t name the US, but this section leaves no doubt as to who they were referring to: “[The ministers] expressed concern about the use of unilateral coercive measures, which are incompatible with the principles of the Charter of the UN and produce negative effects on economic growth, trade, energy, health and food security notably in the developing world.” In the same vein they also “opposed unilateral protectionist measures, which deliberately disrupt the global supply and production chains and distort competition.”