Recent Advances of BRICS

Recent advancements of BRICS

At the summit held in July 2025, the leaders of the bloc reaffirmed their intention to accelerate the development of the system. China and Russia, which already have national alternatives to SWIFT, lead the initial testing phase. Brazil indicated its intention to join, particularly aiming to expand exports of agricultural and energy products.#MarketPullback

Recently joined countries, such as Egypt and the United Arab Emirates, can also benefit from integration, expanding the trade network without depending on the dollar.

Impacts for Brazil

Joining BRICS Pay could bring significant gains for Brazilian foreign trade:

Reduction of currency costs: exporters could receive directly in currencies like yuan or rupee, converting to reais with less loss.

Diversification of markets: the tool could facilitate negotiations with partners like Iran and the United Arab Emirates, which import large volumes of food and fuels.

Strengthening of economic autonomy: by reducing exposure to the dollar, Brazil can mitigate risks associated with trade disputes or sanctions.