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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