BRICS Trade Ministers: India Calls for Dismantling Export Controls
May 23, 2025 19:33
India urges BRICS nations to dismantle export controls to boost trade, emphasizing the need to eliminate restrictive measures disrupting supply chains. India also advocated for '30 for 30' initiative to mark WTO's 30th anniversary.
Photograph: Wu Hong/Reuters
New Delhi, May 23 (PTI) India has urged member nations of BRICS group to dismantle export controls within the bloc to boost trade, an official statement said on Friday.
Representing India at the 15th BRICS trade ministers' meeting in Brazil, Economic Adviser in Department of Commerce Yashvir Singh emphasised the need to eliminate restrictive trade measures that disrupt critical supply chains.
"India used the platform to oppose export controls among BRICS members, encouraging mutual support within the bloc," the commerce ministry said.
As India prepares to assume the BRICS Presidency in 2026, it commended the solution-oriented approach of the Brazilian Presidency in addressing critical trade issues.
BRICS is an intergovernmental organization comprising ten countries - Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the UAE.
The Indian proposal of '30 for 30', which seeks to introduce 30 incremental improvements to mark WTO's 30th anniversary in 2025, was also emphasised.
"India urged developed nations to ensure the concessional transfer of Environmentally Sound Technologies (ESTs), supported by adequate financial resources," it said.
The country also reiterated its commitment to global cooperation in Digital Public Infrastructure, artificial intelligence, and cybersecurity under forums such as the Global Partnership on AI and G20.
Home »
Market News » BRICS Trade Ministers: India Calls for Dismantling Export Controls
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
DRI Seizes Red Sanders Worth Rs 6.26 Cr, 4...
DRI seizes 15 MT of red sanders worth Rs 6.26 crore in Delhi, arrests 4. Illegal export...
UAE Fund to Invest ₹1,000 Cr in Kerala Startups
UAE-based Feeder Fund to invest ₹1,000 crore in Kerala startups over 3 years. Boost...
ECL Aims for 58 MT Output, Mine Closures Planned
Eastern Coalfields Ltd (ECL) targets 58 MT output, plans closure of six underground...
India: Export Potential in Russia
300 Indian products have huge export potential in Russia. Engineering, pharma, agri,...
Gold & Silver Rally: Inflation Data in Focus
Gold and silver prices rally amid inflation data focus. Analysts eye central bank...
India Ranks 3rd in Global AI Vibrancy Index
India ranks 3rd in Stanford University's Global AI Vibrancy tool, surpassing advanced...
EPFOA Urges CPFC: Equip Offices for Compliance
EPFOA urges CPFC to equip field offices with authority & tools to handle default &...
TV Prices to Rise in January: Chip Shortage &...
TV prices are expected to increase in January due to memory chip shortages and a...
India Gems & Jewellery Exports Up 20% in November
India's gems and jewellery exports grew 20% to USD 2.5 billion in November, says GJEPC....
Navi Mumbai Airport: 3rd Runway Feasibility Study
CIDCO invites bids for a consultant to study the feasibility of a third runway at Navi...
Read More »