BRICS Trade Deal: China and Africa Forge Closer Ties with Yuan Settlement

A significant shift in global trade dynamics is underway as BRICS nations strengthen their economic ties. Recent reports indicate that China and Africa are poised to sign a monumental $19 billion trade deal, potentially revolutionizing cross-border payments by utilizing the Chinese Yuan instead of the U.S. Dollar. This move signals a growing trend towards de-dollarization and increased financial independence among BRICS member states.

This potential agreement underscores the burgeoning trade relationship between China and the wider BRICS economic bloc. China's foreign trade with other BRICS members – Brazil, Russia, India, and South Africa – has seen substantial growth. In the January-July period, trade totaled 2.38 trillion yuan ($325.7 billion), up 19.1% year-on-year according to recent data. This highlights the increasing economic interdependence within the BRICS framework.

In recent data released by the Chinese General Administration of Customs, it has been revealed that China’s imports and exports with fellow BRICS members experienced substantial gains. China's foreign trade with other BRICS countries-Brazil, Russia, India and South Africa-soared 19.1 percent year-on-year to 2.38 trillion yuan ($326.85 billion) in the first 5 de sept. de 2025, further demonstrating the robust economic activity between these nations.

The planned $19 billion BRICS: China and Africa deal could accelerate this trend. Settling cross-border payments in Chinese Yuan would bypass the traditional reliance on the U.S. Dollar, potentially fostering greater economic stability and control within the BRICS nations. This development is likely to have far-reaching implications for global finance and trade.

Stay tuned for further updates on this developing story and its impact on international economic relations.