45 mins ago
Industry Seeks BRICS Action on Barriers, Payments for Exporters
Engineering exporters in India want BRICS countries to make trade easier.
They say some rules that are not taxes make it difficult and expensive to sell products abroad.
The exporters also want countries to pay each other smoothly using their own currencies.
EEPC India says these changes could solve up to 75% of exporters’ problems.
It wants BRICS countries to agree on common standards for trade rules.
BRICS countries together account for nearly one-fourth of global trade.
Engineering products make up nearly 27% of India’s goods exports.
The article reports that July engineering exports rose 18% year-on-year to $12.24 billion, while also citing a July 2025 figure of $10.40 billion.
EEPC India urged BRICS nations to remove non-tariff barriers affecting engineering exporters.
Chairman Pankaj Chadha said the measures could address up to 75% of exporters’ problems.
The industry body proposed common standards and an agreement on non-tariff barriers among BRICS members.
It also called for efficient payments in members’ national currencies to facilitate trade.
Engineering goods account for nearly 27% of India’s merchandise exports, while July export figures were reported as $12.24 billion and $10.40 billion.
- Who
- EEPC India, represented by Chairman Pankaj Chadha, and BRICS nations.
- What
- EEPC India urged BRICS countries to remove non-tariff barriers and create efficient payment arrangements in national currencies.
- Where
- The appeal was reported from New Delhi and concerns trade among BRICS economies.
- When
- The appeal was made on Sunday; the article also cites July export data and a July 2025 figure.
- Why
- To reduce exporters’ trade difficulties, facilitate commerce, and support India’s engineering exports.
Key facts
- Organization
- EEPC India, the engineering exporters’ body
- Proposed action
- A common BRICS agreement and standards on non-tariff barriers
- Payment proposal
- Smooth and efficient payments in individual national currencies
- Estimated impact
- Up to 75% of exporters’ problems could be addressed, according to Pankaj Chadha
- BRICS trade share
- Nearly one-fourth of global trade
- India’s engineering exports
- Engineering goods contribute nearly 27% of India’s total merchandise exports
- July export data
- Engineering goods exports were reported to have risen 18% year-on-year to $12.24 billion; the article also cites $10.40 billion for July 2025
Quotes
Pankaj Chadha
Chairman of EEPC India
“We can have a common agreement on non-tariff barriers between BRICS nations and agree to a set of standards. While we have been discussing this for a while now, it is time to move to its execution.”
thehansindia.com
“Around 75 per cent of the problems faced by exporters can be solved by eliminating non-tariff barriers and having a smooth and efficient payment mechanism in individual national currencies.”
thehansindia.com
Sources
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