BRICS is gaining economic weight, but experts say the grouping still has significant room to deepen trade and investment ties among its members.
At the BRICS Summit 2026, experts discuss the challenges facing intra-BRICS trade, with the expanded grouping accounting for a major share of the global economy while trade within the bloc remains comparatively limited.
The discussion focuses on local currency settlements, cross-border payment systems, financial connectivity and ways to reduce transaction costs. Experts stress that these initiatives are intended to provide greater diversification and resilience rather than immediately replace the US dollar or the existing international financial system.
China, as the largest BRICS economy, could play a central role by expanding procurement, supporting infrastructure financing through the New Development Bank, promoting cooperation in new energy, artificial intelligence and digital economies, and helping establish common standards.
The broader question is whether BRICS can convert its growing economic weight into deeper practical integration and create more options for members in global trade and finance.
Can BRICS build a more diversified and resilient financial system while reducing dependence on single payment and currency systems?
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