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Thursday, October 13, 2016
Russia to Increase Petroleum Exports to India, China
Speaking at the World Energy Congress in Istanbul, Russian President Vladimir Putin said Russia would expand its hydrocarbons exports to India, China and Japan
Amid a global slowdown in trade volumes, trade ministers of the five BRICS countries will meet in the southern Indian state of Goa
India plans to ease regulations for Russian diamond traders to supply rough diamonds to India’s polishing hubs
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
In the run up to the BRICS summit, Finance Minister Arun Jaitley will address a seminar, to be attended by experts from five member countries, on better international taxation procedures and global best practices to attract foreign investment
The BRICS Trade Fair to be held from 12 to 14 October 2016 in New Delhi
Chinese Vice Foreign Minister Li Baodong said that China hopes for further progress in strengthening cooperation at the upcoming BRICS summit