BRICS creates roadmap for $500 bn Intra-BRICS trade target

at 2:22 pm
BRICS modi
Prime Minister Narendra Modi at BRICS Business Council

Brasilia, Brazil (NVI): BRICS Business Council has created a roadmap to achieve the $ 500 billion Intra-BRICS trade target by the next summit, Prime Minister Narendra Modi has said.

While addressing the Leaders dialogue with BRICS Business Council and New Development Bank along with the Heads of states of other BRICS countries, Narendra Modi said that Identification of economic complementarities among BRICS countries would be important in this effort.

“Partnership agreement between New Development Bank and BRICS Business Council would be useful for both the institutions,” He added.

Modi requested BRICS countries and NDB to join Coalition for Disaster Resilient Infrastructure initiative.

He also requested that the work of establishing the Regional Office of NDB in India should be completed soon. This will give a boost to projects in priority areas

PM concluded that our dream of strengthening BRICS economic cooperation can be realized only with the full cooperation of the Business Council and New Development Bank.