Category: BRICS

Top Machinery by Different Sectors into Global Import-Export
Apr 20

Top Machinery by Different Sectors in Global Import-Export

Top Machinery by Different Sectors in Global Import-Export

Oct 24

BRICS pitches for using local currencies in international trade

It further said the process of IMF governance reform under the 16th General Review of Quotas should be completed by December 15, 2023. The BRICS nations on June 2 underlined the need for using local currencies in international trade and financial transactions besides committing themselves to support rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations also pressed for a robust Global Financial Read Full Details…

Trustworthy India Trade Partner Countries and Export Opportunities for Indian Exporters
Apr 14

Trustworthy India Top Trade Partner Countries and Export Opportunities for Indian Exporters

India is one of the world’s fastest-growing economies and a leading exporter of a wide range of goods and services. With a population of over 1.3 billion people and a rapidly expanding middle class, the country offers a large and lucrative market for businesses around the world. At the same time, India is also an important exporter, shipping products ranging from textiles and agricultural goods to high-tech electronics and pharmaceuticals to countries around the globe. Trustworthy India Trade Partner Countries Read Full Details…

Mar 24

Latest top 10 products of global demanding export import

Global trade has become increasingly important in recent years, with countries around the world exchanging goods and services in large volumes. In this article, we will take a look at the latest top 10 products of global demanding export-import. ElectronicsElectronics, such as smartphones, laptops, and other electronic devices, continue to be the top export item worldwide. The demand for electronics has only grown in recent years, and it’s likely to continue to be the case in the future. China, Japan, Read Full Details…

Mar 05

Export Business Scope in BRICs Countries in Year 2023

BRICs countries, which include Brazil, Russia, India, and China, have long been considered the fastest-growing emerging economies in the world. With the increasing globalization and liberalization of trade policies, these countries offer immense opportunities for businesses looking to expand their export operations. In 2023, the export business scope in BRICs countries is expected to grow even further, owing to several factors such as increased demand for goods and services, favorable government policies, and improved infrastructure. Let’s take a closer look Read Full Details…

Mar 04

Leveraging BRICS in times of economic uncertainty

Increased investment and support across BRICS can be an incisive way to leverage the BRICS and serve as a counterpoint to Bretton Woods orthodoxy Since its inception, the BRICS countries’ collaboration has proven resilient and productive. For the BRICS countries to strengthen their partnership, overcome these uncertain times, and consider the ongoing and increasing institutionalisation that still requires more robust implementation, it is essential to encourage investment and investment facilitation within the group and across other regions. It is also Read Full Details…

Jan 24

Exim data revised, trade deficit narrows by $10 billion

India’s foreign trade data for the first eight months of 2022-23 has been significantly revised, with the import bill being scaled up or down by at least $2 billion in each of those months, in comparison to the preliminary estimates issued by the Ministry of Commerce. Total merchandise exports between April and November are now pegged at $298.3 billion, nearly $12 billion higher than original monthly data suggested. The import bill in those eight months is now estimated to be Read Full Details…

Jan 11

As BRICS Chair, South Africa Vows to ‘Advance African Interests’

South African President Cyril Ramaphosa says he’ll use his chairmanship of the BRICS group of leading emerging economies to focus on advancing African interests. The bloc — Brazil, Russia, India, China and South Africa — is seen as an alternative to dominant Western economies. South Africa has just taken over the BRICS chairmanship from China and will host the group’s annual summit this year — with South African President Cyril Ramaphosa promising more African countries will be invited to attend. Read Full Details…