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The ‘Fortaleza Declaration’ recently in the news, is related to the affairs of:ASEANBRICSOECDWTO

Question

The ‘Fortaleza Declaration’ recently in the news, is related to the affairs of:

  • ASEAN
  • BRICS
  • OECD
  • WTO
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Solution

The Fortaleza Declaration, which was adopted during the sixth BRICS summit in 2014, focuses on various aspects of cooperation among the BRICS nations (Brazil, Russia, India, China, and South Africa). It emphasizes economic growth, the reform of global financial institutions, and sustainable development.

This declaration is critical as it addresses the need for enhanced collaboration among emerging economies and aims to increase their influence in international affairs. It also includes provisions on the establishment of the New Development Bank (NDB) aimed at financing infrastructure projects in BRICS countries and other emerging economies.

Therefore, the Fortaleza Declaration is related to the affairs of BRICS.

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