3 hrs ago
Piyush Goyal Urges Simplified Trade Through BRICS Economic Diplomacy
Piyush Goyal spoke at a BRICS business meeting in New Delhi.
He said countries need to use economic diplomacy more effectively.
Economic diplomacy means working with other countries through trade and business.
Goyal said BRICS makes up almost one-fourth of world trade.
He said India plays an important role in trade among BRICS countries.
Engineering goods and electronics are major parts of India’s manufactured exports.
He also called India the “pharmacy of the world.”
Goyal said BRICS could be an important market for Indian products.
He wants India to share these products globally as a trusted partner.
Union Commerce and Trade Minister Piyush Goyal called economic diplomacy the need of the hour at the BRICS Business Forum.
Goyal welcomed delegates at the forum’s opening session in New Delhi with a traditional namaste.
He said BRICS represents almost one-fourth of global trade.
Goyal identified engineering goods and electronics as the largest segments of India’s manufactured exports.
He described India as the “pharmacy of the world” and highlighted BRICS as a market for Indian products.
- Who
- Piyush Goyal, India’s Union Commerce and Trade Minister, addressed delegates at the BRICS Business Forum.
- What
- Goyal called for simplified trade and emphasized economic diplomacy and India’s role in intra-BRICS commerce.
- Where
- New Delhi, India.
- When
- The article does not specify when the opening session took place.
- Why
- Goyal said economic diplomacy is needed to strengthen trade and help India take its products to BRICS markets and the wider world.
Key facts
- Speaker
- Piyush Goyal, Union Commerce and Trade Minister
- Forum
- BRICS Business Forum
- Location
- New Delhi, India
- BRICS share of global trade
- Almost one-fourth
- Major Indian manufactured exports
- Engineering goods and electronics
- India’s description
- “Pharmacy of the world”
- Trade focus
- Simplified trade and economic diplomacy
Quotes
Piyush Goyal
India’s Union Commerce and Trade Minister speaking at the BRICS Business Forum
“BRICS today represents almost one-fourth of global trade. India is an important pillar of intra-BRICS trade. Engineering goods and electronics account for the largest segment of India's manufactured exports.”
wionews.com
“India is also known as the pharmacy of the world.”
wionews.com
Sources
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