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Jaishankar Urges BRICS to Deepen Trade and Strengthen Supply Chains
S Jaishankar spoke to business leaders from BRICS countries.
He said the world economy is facing many disruptions.
These include conflicts, pandemics and climate-related events.
He wants BRICS countries to trade more reliably with one another.
He also wants them to make supply chains stronger so businesses can handle shocks.
Jaishankar said countries should cooperate without becoming closed off from the rest of the world.
He highlighted technology, artificial intelligence, fintech and manufacturing as areas with opportunities and challenges.
India has supported startup and innovation programs during its BRICS chairship.
External Affairs Minister S Jaishankar urged BRICS countries to build resilient supply chains and diversify trade relationships.
He said conflicts, pandemics and climate-related events are creating greater geopolitical and economic uncertainty.
Jaishankar identified trade facilitation, services, agriculture, digital delivery, startups and women-led businesses as priorities.
He called for predictable business conditions, transparent trade and investment, dependable logistics and genuine market practices.
India’s BRICS chairship has promoted initiatives including the BRICS incubator network and BRICS Startup Innovation Fund.
- Who
- External Affairs Minister S Jaishankar and the BRICS business community.
- What
- Jaishankar called for deeper trade, resilient supply chains, diversified commercial relationships and more predictable business conditions among BRICS countries.
- Where
- New Delhi, India.
- When
- Friday, ahead of the BRICS summit; the articles do not specify the date.
- Why
- To help BRICS economies withstand global shocks, improve economic security and create more commercial partnerships.
Key facts
- Speaker
- External Affairs Minister S Jaishankar
- Forum
- BRICS Business Forum
- Location
- New Delhi
- Economic priorities
- Supply-chain connectivity, trade facilitation, services, agriculture, digital delivery, startups and women-led businesses
- Business conditions
- Predictable environments, dependable logistics, transparent trade and investment, and genuine market practices
- Technology areas
- Digital public infrastructure, artificial intelligence, fintech and advanced manufacturing
- Indian initiatives
- BRICS incubator network and BRICS Startup Innovation Fund
Quotes
S. Jaishankar
India’s External Affairs Minister speaking at the BRICS Business Forum
“The common thread is how to make it easier for businesses in our countries to find more partners, access more markets, connect supply networks and convert complementarities into viable commercial partnerships. For BRICS particularly, higher economic activity and higher economic security mean greater self-reliance. The objective is to strengthen our ability to absorb shocks while remaining connected and competitive”
theprint.in
“That calls for genuine market practices, dependable logistics, a predictable business environment, diversified commercial relationships, and transparent trade and investment. It also calls for energy systems capable of coping with disruption and transition pathways that are suited to different national circumstances.”
theprint.in
Sources
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