19-May-2026
Economy News
 
Brics ministers discuss ways to balance, boost trade
18-May-2026

The trade ministers of Brics on Saturday discussed ways to make the rapidly growing trade among members nations more balanced and open to newer opportunities in the services sector. Addressing the second meeting of Brics Contact Group on Trade and Economic Issues (CGETI) in Gandhinagar, Commerce Secretary Rajesh Agrawal said intra-Brics merchandise trade has grown 13-folds to $1.17 trillion in 2024 from $84 billion in 2003, but still it accounts for only 5% of global trade.

News Source:- https://www.financialexpress.com/business/news/brics-ministers-discuss-ways-to-balance-boost-trade/4242787/