Addressing the BRICS Business Forum in New Delhi on Friday, President Pezeshkian said the grouping’s real strength will emerge when the economic capacities of its members are transformed into practical networks of trade, investment and financing. He stressed that economic resilience requires diversification of trade partners, financing sources and payment mechanisms.
The Iranian president said the growing use of economic tools for political pressure, along with geopolitical uncertainty and disruptions to supply chains, have made the global economic environment more complicated. He urged BRICS to develop mechanisms that would prevent any country from disrupting legitimate trade by monopolizing financial or technological instruments.
Pezeshkian also proposed greater digitalization and integration of customs procedures, the removal of regulatory and administrative barriers, expansion of cross-border markets and facilitation of joint private-sector investment. He also called for stronger cooperation on standardization so that BRICS could move beyond raw-material trade toward integrated value chains and joint industrial production.