TEHRAN (Iran News) –“The recent financial agreement between Iran and Russia is a successful example of cooperation between the two countries in the field of de-dollarization,” Mohammad Baqer Qalibaf said, adding that the parliaments of the BRICS member states should make every effort to deepen cooperation in creating routes for money transfers and developing trade corridors for the exchange of goods and services between the BRICS countries.
The BRICS group was founded in 2006 by Brazil, Russia, India and China. South Africa joined the association in 2011. On January 1, 2024, Egypt, Iran, the United Arab Emirates, Saudi Arabia and Ethiopia became full members of BRICS. This year Russia chairs the association. The main event will be the BRICS summit from October 22 to 24 in Kazan.
The 10th BRICS Parliamentary Forum is underway at the Tauride Palace in St. Petersburg and will run through July 12, 2024, TASS reported.
Qalibaf left Tehran for St. Petersburg, Russia on Wednesday afternoon to participate in the BRICS Parliamentary forum with the theme of the role of Parliaments in strengthening multilateralism for just global development and Security.
This is the first attendance of a high-ranking Iranian official at BRICS public meetings after Iran’s accession to the group.
Pursuing the use of BRICS capabilities for financial and commercial transactions is one of the most important goals of the Iranian high parliamentary delegation’s visit to St. Petersburg.
Iran Urges Boost to Intra-BRICS Trade mahla Iran News Daily
TEHRAN (Iran News) –Addressing the 10th BRICS Parliamentary Forum in Russia’s St. Petersburg on Thursday, Mohammad Baqer Qalibaf emphasized the need for de-dollarization and the use of replacement currencies for trade exchanges among the BRICS members.
He said ditching the dollar in financial transactions will nullify one of Washington’s main leverages for pressuring the emerging economies, pointing to the successful experience of cooperation between Iran and Russia with new financial agreements.
It is necessary for the BRICS members’ parliaments to strengthen cooperation in order to define new procedures for monetary transactions among the member states and enhance the trade corridors for the transfer of commodities and services, the Iranian speaker noted.
“Four main topics, including transportation, energy, trade and banking are the most important themes for cooperation among the BRICS members,” Qalibaf stated, expressing the Iranian Parliament’s readiness to work with the BRICS partners on all of those issues.
The parliaments of BRICS members can also adopt laws facilitating the promotion of trade in order to counter unilateralism and remove the obstacles to trade interaction, he added.
The Iranian lawmaker also proposed that the BRICS Parliamentary Forum should consider plans to counter economic sanctions and unilateral coercive measures as major threats to the security and welfare of ordinary people in the BRICS member states.
The theme of the ongoing forum in St. Petersburg is the ‘Role of Parliaments in Strengthening Multilateralism for Just Global Development and Security’.