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
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
Though India is not in a hurry to consider the Chinese proposal to have a free trade area among BRICS nations, the five emerging economies will sign an agreement at the upcoming Goa summit for better customs cooperation with an eye to reduce non-tariff barriers among the nations