Archive · 13 Sep 2026
BRICS Trade Push Targets Barriers and Payment Problems
EEPC India wants BRICS countries to make it easier for businesses to sell goods to one another.
It says some rules that are not taxes make exporting more difficult and expensive.
The group wants BRICS members to agree on common standards for these rules.
It also wants payments between countries to work smoothly using their own currencies.
EEPC India says these changes could solve about 75% of exporters’ problems.
BRICS countries account for nearly one-fourth of global trade.
Engineering goods make up nearly 27% of India’s merchandise exports.
India’s engineering exports were reported at $12.24 billion in July, while the article also cites $10.40 billion for July 2025.
EEPC India urged BRICS nations to eliminate non-tariff barriers and improve payment mechanisms.
Chairman Pankaj Chadha said the measures could address about 75% of exporters’ problems.
The body proposed a common BRICS agreement and shared standards for non-tariff barriers.
EEPC India called for smooth payments in members’ individual national currencies.
Engineering goods make up nearly 27% of India’s merchandise exports, while July exports were reported at $12.24 billion, compared with $10.40 billion in July 2025.
- Who
- EEPC India, represented by Chairman Pankaj Chadha, called on BRICS nations to act.
- What
- The organization urged members to remove non-tariff barriers and establish efficient payment mechanisms in national currencies.
- When
- The appeal was reported on September 13, 2026; the articles also cite July export data.
- Where
- The appeal concerns trade among BRICS nations and was reported from New Delhi and Kolkata.
- Why
- EEPC India says the measures would reduce exporters’ problems, simplify trade procedures and increase BRICS trade.
- Organization
- EEPC India, India’s engineering exports promotion body
- Main proposal
- A common BRICS agreement and shared standards on non-tariff barriers
- Payment proposal
- Smooth and efficient payments in members’ individual national currencies
- Estimated impact
- The measures could address about 75% of exporters’ problems, according to Pankaj Chadha
- BRICS trade share
- Nearly one-fourth of global trade
- India’s engineering exports
- Nearly 27% of India’s total merchandise exports
- Reported export figures
- Engineering exports reached $12.24 billion in July, while the article separately cites $10.40 billion in July 2025
