BRICS Trade Ministers’ Meeting

On 21st May 2025, at the BRICS Trade Ministers’ Meeting held on in Brasilia, India strongly pushed for the removal of export controls among BRICS nations and emphasized the importance of fair and inclusive global trade practices.

Key Highlights

India’s Stand: Economic Adviser, representing India, called for lifting restrictive trade measures that hinder critical supply chains.
Theme: The meeting focused on “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.”
WTO Reform: India raised the issue of public stockholding (PSH) and promoted its “30 for 30” proposal – a roadmap of 30 WTO reforms before its 30th anniversary in 2025.
Joint Declaration Issued: Included 3 annexures:
- BRICS Declaration on WTO Reform
- BRICS Data Economy Governance Understanding
- BRICS Trade and Sustainable Development Framework
Climate Trade Measures: The declaration warned against the misuse of climate-related trade policies as disguised restrictions.
India’s Presidency in 2026: India praised Brazil’s consensus-driven leadership and pledged to advance inclusive trade in its upcoming term.
Digital Governance Leadership: India showcased Digital India, IndiaAI, and DPI (Digital Public Infrastructure) as key models. It committed to global cooperation via forums like G20 and GPAI.