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Tuesday, 20 May 2026  ·  Ljouwert, FryslânEst. 2026

FRISIAN NEWS

Nijs fan de Wrâld  ·  World News  ·  Frisian Perspective

How the BRICS Expansion Changes Global Trade
World

Hoe de BRICS-útwreiding wrâldhannel feroaret

May 20, 2026 · Frisian News

BRICS now includes 15 members and controls trade routes worth $2.3 trillion annually, bypassing dollar-based systems. Western trade blocs face real competition for the first time in decades.

Frisian flagFrysk

Yn maart 2026 naam BRICS Argentinie, Egypte, Kazachstan, Nigeria en Thailand op, wat it blok ferdûbele fan sân nei fyftjin leden. Dizze naasjes fertsjintwurdigje no 40 prosint fan it wrâldwide bbp, mear as de G7. De útwreiding fersnelt in ferskowing dy't westerske beliedsmakers al jierren mei soarch folgje: it stadige ein fan de dollar as dominante munt yn hannel oer de grinzen hinne.

De New Development Bank, it BRICS-antwurd op it IMF en de Wrâldbank, karde ferline kwartaal 3,8 miljard dollar oan nije lieningen goed, hast alles yn lokale munten ynstee fan dollars. Ruslân en Sina hawwe sûnt 2024 92 prosint fan harren bilaterale hannel sûnder dollars ôfwikkele. Yndia en Brazilje kundigen in nij roepie-realkanaal oan dat Amerikaanske finansjele ynfrastruktuer folslein omgiet. Dit binne gjin symboalyske gebaren. Dit binne wurkjende systemen dy't echt jild ferpleatse.

Westerske analisten en beliedsmakers hawwe BRICS in los klupke sûnder macht neamd. Dy stelling klinkt no hol. Lidsteaten keapje en ferkeapje fia parallelle betelingsnetwurken, hannelje yn grûnstoften dy't yn yuan en roepies priizge binne, en finansiere projekten foar ynfrastruktuer dy't lytsere naasjes oan net-westerske leveringskeatlingen bine. Argentinie trêde ta om't Beijing en Moskou finansiering joegen foar har ferwoeste ekonomy op betingsten dy't it IMF nea akseptearje soe. It lidmaatskip fan Thailân folge deselde logika. It blok biedt soevereiniteit wêr't it Westen betingsten stelt.

Amerika en Jeropa kontrolearje noch altyd yndustriële skaal en teknology yn de measte sektoaren. Mar BRICS-leden kontrolearje de grûnstoften, de skipfeartrûten, de fiedseleksport en de arbeidskrêft. In fabrikant yn Fietnam kin no seldsume ierde-eleminten út Kazachstan helje, fia Russyske havens ferfiere, finansiere fia Sineeske banken en betelje yn in samling lokale munten. It dollarsysteem bestiet noch altyd. It dekt allinne minder fan de werklike wrâldhannel as earder.

De fraach is net oft BRICS it westerske systeem ferfange sil, mar oft it westerske systeem al it monopoly op hannel ferlern hat dat it as fanselssprekke oannaam. Mei fyftjin leden en oanfragen fan tweintich lannen noch yn behanneling, liket it antwurd hieltyd dúdliker.

English

In March 2026, BRICS admitted Argentina, Egypt, Kazakhstan, Nigeria, and Thailand to its ranks, doubling the bloc from seven to fifteen members. These nations now represent 40 percent of global GDP, more than the G7. The expansion accelerates a shift that Western policymakers have watched with unease for years: the slow collapse of dollar dominance in cross-border trade.

The New Development Bank, BRICS' answer to the IMF and World Bank, approved $3.8 billion in new lending last quarter, almost all of it in local currencies rather than dollars. Russia and China have settled 92 percent of their bilateral trade without touching the dollar since 2024. India and Brazil announced a new rupee-real payment corridor that bypasses American financial infrastructure entirely. These are not symbolic gestures. They are working systems moving real money.

Western analysts and policymakers have called BRICS a loose club without teeth. The claim rings hollow now. Member states buy and sell through parallel payment networks, trade in commodities priced in yuan and rupees, and fund infrastructure projects that lock smaller nations into non-Western supply chains. Argentina joined partly because Beijing and Moscow offered financing for its shattered economy on terms the IMF would never accept. Thailand's membership followed similar calculations. The bloc offers sovereignty where the West offers conditions.

America and Europe still control manufacturing scale and technology in most sectors. But BRICS members control the raw materials, the shipping lanes, the food exports, and the labor force. A manufacturer in Vietnam can now source rare earths from Kazakhstan, ship through Russian ports, finance through Chinese banks, and pay in a basket of local currencies. The dollar system still exists. It just covers less of the world's actual trade than it used to.

The question is not whether BRICS will replace the Western order, but whether the Western order has already lost the monopoly on trade it took for granted. With fifteen members and applications pending from twenty more nations, the answer looks increasingly clear.


Published May 20, 2026 · Frisian News · Ljouwert, Fryslân