'Allow easy movement to professionals': Piyush Goyal urges Brics states
Indian Commerce Minister Piyush Goyal has urged BRICS nations to dismantle trade barriers, streamline customs, and facilitate the movement of professionals. He also advocated for the integration of digital payment systems and increased trade in local currencies to enhance economic resilience.
Why it matters
These proposals reflect India's strategic push to reduce reliance on Western financial systems and strengthen economic ties within the Global South.
NEW DELHI: Commerce and industry minister Piyush Goyal Friday called for dismantling of trade barriers by Brics nations while urging them to link payment systems and trade in each other's local currency."We should open our markets for each other's products, including raw material and critical minerals. Our supply chains will be resilient when they run both ways, with non-tariff measures imposing higher import costs, in fact much more than the tariffs themselves," the minister said at Brics Business Forum.He called for streamlining regulatory and customs processes while also promoting services trade.
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