BRICS trade ministers to discuss COVID-19

BRICS trade ministers to discuss COVID-19The response to the COVID-19 pandemic is predicted to make a part of today’s BRICS Trade Ministers meeting.

Minister Ebrahim Patel, South Africa’s Trade, Industry and Competition Minister is about to participate within the virtual meeting.

The Department of Trade, Industry and Competition (DTIC) said:

“The Trade Ministers Meeting will specialise in responses to the Coronavirus outbreak, the strategy for BRICS Economic Partnership 2025, the Multilateral Trading System and other key areas of cooperation.”

Patel said BRICS is a crucial forum for dialogue and cooperation on matters of common interest.

“BRICS provides a platform for cooperation to create trade and investment flows, including attention on more balanced trade, and better value-added products,” said Patel.

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Minister Patel further said safeguarding the worldwide economy would require enhanced collaboration to manage debt reduction and ensure a sustainable economic recovery.

BRICS is that the association of the five major emerging countries – Brazil, Russia, India, China, and South Africa .