May 23rd 2025.
In a recent statement, India has called upon the BRICS group to remove export controls in order to enhance trade among its member nations. This appeal was made by Yashvir Singh, who represented India at the 15th BRICS trade ministers' meeting in Brazil. Singh, who serves as the Economic Adviser in the Department of Commerce, stressed the importance of eliminating trade barriers that disrupt the flow of essential supplies.
During the meeting, India expressed its disapproval of export controls within the BRICS group, instead encouraging mutual support and collaboration among its members. As India is set to take over the BRICS Presidency in 2026, it commended the Brazilian Presidency for its proactive approach in addressing critical trade issues.
For those unfamiliar, BRICS is an intergovernmental organization consisting of ten countries, namely Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the UAE. At the meeting, India also highlighted its proposal of '30 for 30', which aims to introduce 30 incremental improvements to commemorate the 30th anniversary of the World Trade Organization in 2025.
Furthermore, India called upon developed nations to facilitate the transfer of Environmentally Sound Technologies on a concessional basis, along with adequate financial resources. The country also reiterated its commitment to global cooperation in areas such as Digital Public Infrastructure, artificial intelligence, and cybersecurity through forums like the Global Partnership on AI and G20.
Overall, India's stance at the BRICS trade ministers' meeting reflects its strong belief in promoting open and inclusive trade policies for the benefit of all member nations. As a developing country with a growing economy, India is determined to play a key role in shaping the future of global trade and cooperation.
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