- BRICS includes India as a member nation and India hosts a BRICS meeting in its national capital.
- The 18th BRICS Summit is underway in New Delhi, celebrating strategic partnerships and diplomatic relations.
- India discussed trade enhancements within the BRICS bloc.
A working group met in India on September 11th to discuss and address various trade issues concerning the BRICS bloc.
6 reports, 2 independent
Updated Sep 12
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What happened
A working group met in India on September 11th to discuss and address various trade issues concerning the BRICS bloc.
Who's involved
What this event is mainly aboutKeep exploring
Part of
India discussed trade enhancements within the BRICS bloc.Also in this story
- India reported significant growth in exports to China and South Africa, while normalizing ties within the BRICS framework.
- India is a major importer but not equally valued market within the BRICS bloc.
- While India chairs the 18th BRICS summit, the bloc is actively seeking cross-border payment mechanisms, exemplified by trade between Chennai and Cape Town, with London hosting international financial discussions.
- India is negotiating a Preferential Trade Agreement with MERCOSUR and setting a $30 billion bilateral trade target under BRICS coordination.
Within BRICS includes India as a member nation and India hosts a BRICS meeting in its national capital.
The entities involved
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BRICS
association of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates
Related events
- BRICS slammed Western trade barriers during the session chaired by India.
- BRICS members, including South Africa and India, discussed deepening economic cooperation, trade in local currencies, and infrastructure.
- India addressed the BRICS Business Forum in New Delhi while Trump's trade measures triggered global uncertainty.
- South Africa noted trade imbalances with BRICS members while facing diplomatic pressure regarding Iran.
- Trade remains imbalanced within BRICS, prompting calls for a more equitable global order.