At the BRICS Business Forum, Iranian President Masoud Pezeshkian called for an aggressive transition toward national currencies in cross-border settlements, advocating for risk-management mechanisms and a $10 billion BRICS joint reinsurance company to protect regional supply chains from political shocks and unilateral sanctions. Pezeshkian urged the New Development Bank to act as the primary engine for financing infrastructure projects using local currencies, while Indian Prime Minister Narendra Modi reiterated that diplomatic dialogue remains essential to resolving ongoing hostilities in West Asia. Meanwhile, the European Commission formally submitted the finalized India-EU Free Trade Agreement to the European Council, paving the way for its expected operationalization by early 2027. Under the agreement, EU automakers will receive initial duty concessions on up to 100,000 passenger vehicles annually, alongside steep duty reductions on European wines, spirits, pork, and fruits. Simultaneously, Indian Commerce Minister Piyush Goyal revealed that total exports from BRICS economies skyrocketed from $900 billion in 2003 to $6 trillion in 2024, now constituting nearly 24% of all global trade.