The BRICS Youth Parliament, in its commitment to shaping a more equitable and just global order, actively engages in advocating for international trade that is fair, complementary, and sovereign. This document delves into how the Youth Parliament contributes to fostering a trading system that benefits all member nations while upholding principles of justice and sovereignty.

Fair Trade Principles:

1. Equality and Inclusivity: The BRICS Youth Parliament emphasizes the importance of trade policies that treat nations equally, irrespective of their economic size or developmental stage. Inclusivity ensures that all member countries have an equal opportunity to participate and benefit from international trade.
2. Environmental Sustainability: Recognizing the interconnectedness of economies and the environment, the Youth Parliament advocates for trade practices that are environmentally sustainable. This involves encouraging eco-friendly production methods, reducing carbon footprints, and promoting responsible resource management.
3. Social Justice: The Youth Parliament places a strong emphasis on social justice within the realm of international trade. This includes fair labor practices, protection of workers’ rights, and ensuring that trade agreements do not exacerbate social inequalities within member nations.

Complementary Trade Strategies:

1. Mutual Economic Benefit: The BRICS Youth Parliament encourages trade strategies that promote mutual economic benefit. By identifying and capitalizing on each member’s strengths and resources, the Youth Parliament seeks to establish trade relationships that contribute to the growth and development of all involved nations.
2. Technology Transfer and Capacity Building: Recognizing the diverse economic landscapes within BRICS nations, the Youth Parliament advocates for mechanisms that facilitate the transfer of technology and the building of capacities. This ensures that all member states can actively participate in and benefit from technological advancements that may originate from any BRICS nation.
3. Cultural Exchange Through Trade: The Youth Parliament promotes cultural exchange as an integral part of international trade. By fostering an environment where the cultural aspects of member nations are respected and celebrated, trade becomes a means to enhance mutual understanding and appreciation.

Sovereign Trade Policies:

1. Autonomy in Decision-Making: The BRICS Youth Parliament asserts the importance of sovereign decision-making in trade policies. It advocates for member nations to have the autonomy to shape their trade agreements, allowing them to align with their unique economic and developmental goals.
2. Resistance to Unfair Trade Practices: The Youth Parliament stands against unfair trade practices and promotes policies that protect member nations from exploitation. This includes resisting practices such as dumping, subsidies that distort markets, and trade agreements that disproportionately favor more powerful economies.
3. Collaboration in Trade Negotiations: Recognizing the strength in unity, the Youth Parliament encourages collaborative efforts during international trade negotiations. Collective bargaining ensures that the interests of all member nations are taken into account, fostering a more inclusive and cooperative trading environment.

The BRICS Youth Parliament actively engages in promoting international trade that is fair, complementary, and sovereign. By advocating for trade practices that uphold principles of equality, complementarity, and sovereignty, the Youth Parliament contributes to the development of a global economic framework that benefits all BRICS member nations. This commitment to just and inclusive trade reflects the Youth Parliament’s vision for a future where economic cooperation serves as a catalyst for mutual growth and prosperity.