Ahead of the BRICS summit in Goa on October 15 and 16, China mooted a free-trade area for the five-member bloc of emerging countries -Brazil, Russia, India, China and South Africa.
China added that such a move would constitute a “significant form of cooperation“. By setting up a free-trade area, BRICS countries would be able to remove tariff and non-tariff barriers, give play to their comparative advantages and advance trade and investment liberalisation between them, China's ministry of commerce spokesperson Shen Danyang said. China has not formally raised the issue for the upcoming BRICS meeting.
China added that such a move would constitute a “significant form of cooperation“. By setting up a free-trade area, BRICS countries would be able to remove tariff and non-tariff barriers, give play to their comparative advantages and advance trade and investment liberalisation between them, China's ministry of commerce spokesperson Shen Danyang said. China has not formally raised the issue for the upcoming BRICS meeting.
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