Haddad defends sustainable reglobalization and taxation of super rich

Finance Minister Fernando Haddad defended on Saturday (5), which he called sustainable regals, “a new bet on globalization, this time based on the social, economic and environmental development of humanity as a whole,” he said in the opening speech of the BRICS Central Bank Finance and Bank Presidents.

The minister also expressed support for the establishment of a United Nations Framework Convention on International Tax Cooperation, ie a fairer global tax agreement. “This is a decisive step towards a more inclusive, fair, effective and representative global tax system-a condition for the world’s super purposes to finally pay their just contribution in taxes,” he said.

According to the minister, the BRICS, originates in the claim of member countries for greater weight in the international financial system. Countries that together represent almost half of all mankind. “No other forum has greater legitimacy today to defend a new form of globalization,” said Haddad.

Haddad also recalled the role of Brazil ahead of the G20, when he headed the launch of the global alliance against hunger and poverty, and since then, he has expressed “in defense of the progressive taxation of the super rich. At that time, we have made the defense of multilateralism a mark of the Brazilian presidency.

According to the minister, no country alone, as powerful as it may be, “can give an effective response to global warming, or to meet the legitimate aspirations of most humanity for a dignified life. The perspective of creating exclusionary islands of prosperity in the midst of contemporary polycrysis is morally unacceptable. Instead, we have to find cooperative solutions to our ordinary challenges,” he said.

Regarding the climate crisis, Haddad stressed that BRICS countries are “developing innovative instruments to accelerate ecological transformation.” He also highlighted discussions about the creation of the Fund Forests Forever (TFFF), aiming to move low carbon economies. Rich countries, with a polluting history far superior to the others, would have to commit to investing more resources in maintaining the fund.

“In recent days, we have talked a lot about the tropical Forest Forever Facility. I am convinced that BRICS can play a decisive role in its creation, with a major announcement during COP 30 (30th United Nations Conference on Climate Change),” he said. “In partnership with BRICS, we aim to consolidate us as a safe haven in an increasingly unstable world. Serenity and ambition are therefore the marks of our presidency,” he added.

BRICS

BRICS is a bloc that brings together representatives from 11 permanent member countries: Brazil, Russia, India, China, South Africa, Iran, Saudi Arabia, Egypt, Ethiopia, United Arab Emirates and Indonesia. Partner countries also participate: Belarus, Bolivia, Kazakhstan, Thailand, Cuba, Uganda, Malaysia, Nigeria, Vietnam and Uzbekistan. Under the presidency of Brazil, the 17th BRICS summit meeting takes place in Rio de Janeiro on July 6 and 7.

The 11 countries represent 39% of the world economy, 48.5% of the planet’s population and 23% of global trade. In 2024, BRICS countries received 36% of everything that was exported by Brazil, while we bought 34% of these countries from these countries.