The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Monday, October 17, 2016
Interview: Goa Summit to Consolidate BRICS’ Global Influence
The BRICS is beginning to act as an influential global organization capable of providing alternative options for development and cooperation, and the upcoming summit in Goa should help consolidate this status, a Russian economist has said
India has called for greater intra-BRICS trade in each other’s currency for protection from fluctuations causing losses, even as the five major emerging economies agreed to set up a joint ‘single window clearance mechanism’ for ease of doing business and cooperate in matters including e-commerce and Intellectual Property Rights