BRICS eye ‘mutually reinforcing policy levers’ to boost intra-bloc trade
BRICS nations plan to enhance intra-bloc trade through 'mutually reinforcing policy levers', as stated in the New Delhi Declaration. In 2025, BRICS accounted for 21.6% of global exports, but only 4.1% of trade occurred within the bloc. The initiative aims to strengthen global value chains and improve trade dynamics among member countries.