BRICS Business Forum: Goyal calls for linked payment systems, local currency trade

September 11, 2026 12:56 PM

BRICS Business Forum: Goyal calls for linked payment systems, local currency trade

Union Commerce and Industry Minister Piyush Goyal on Friday called on BRICS member and partner countries to deepen economic cooperation by opening markets, simplifying regulatory procedures, linking payment systems and promoting trade in local currencies. Addressing the opening session of the BRICS Business Forum in New Delhi, Goyal said BRICS, which accounts for nearly one-fourth of global trade, has significant potential to strengthen trade and investment partnerships and build more resilient...

Intra-BRICS Trade Reaches USD 1.17 Trillion, Has Huge Untapped Potential: Commerce Secretary

May 16, 2026 5:59 PM

Intra-BRICS Trade Reaches USD 1.17 Trillion, Has Huge Untapped Potential: Commerce Secretary

Commerce Secretary Rajesh Agrawal on Saturday said intra-BRICS merchandise trade has grown to USD 1.17 trillion in 2024, highlighting the vast untapped potential for deeper trade integration and stronger economic cooperation among member nations. Addressing the second meeting of the BRICS Contact Group on Trade and Economic Issues (CGETI) in Gandhinagar, Agrawal said BRICS has emerged as an influential platform representing the aspirations of emerging markets and developing economies. “Intra...