Commerce and Industry Minister Shri Piyush Goyal Calls for Deeper, Resilient and More Balanced Intra-BRICS Trade

Union Minister of Commerce and Industry Shri Piyush Goyal addressed the Opening Session of the BRICS Business Forum in New Delhi, calling for deeper, resilient, and more balanced intra-BRICS trade. Emphasizing that BRICS accounts for nearly one-fourth of global trade, he urged member and partner countries to open markets, simplify regulatory procedures, and link payment systems such as India's Unified Payments Interface (UPI). He also encouraged promoting trade in local currencies, and fostering cooperation in agriculture, pharmaceuticals, engineering, electronics, automobiles, startups, and emerging technologies. Union Minister of External Affairs Dr. S. Jaishankar highlighted supply chain connectivity, trade facilitation, innovation, and digital public infrastructure as key BRICS priorities, while Commerce Secretary Shri Rajesh Agrawal noted that intra-BRICS trade has grown significantly over the past two decades.