Saturday 28 July 2018

BRICS bloc signs declaration reaffirming multilateral trade as per WTO rules

BRICS bloc signs declaration reaffirming multilateral trade as per WTO rulesLeaders of the BRICS bloc signed a declaration supporting an open and inclusive multilateral trading system as envisaged by the World Trade Organisation at a summit on Thursday in South Africa. Brazil, Russia, India, China and South Africa have found a collective voice championing global trade at the three-day summit, vowing to fight unilateralism and protectionism in the wake of tariff threats by U.S. President Donald Trump. "We recognise that the multilateral trading system is facing unprecedented challenges.




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