PM Modi Pushes BRICS to Tear Down Trade Barriers, Backs Freedom of Navigation and Seafarers’ Safety
Modi said BRICS should identify 10 trade barriers to remove and create 1,000 new business partnerships a year, while backing freedom of navigation.
- On Friday, Indian Prime Minister Narendra Modi addressed the BRICS Business Forum in New Delhi, urging member nations to secure sea lanes, protect seafarers, and remove trade barriers to sustain global commerce.
- Modi emphasized BRICS' growing economic influence, noting its members represent half the global population and 40% of global GDP, while maritime security remains vital amid geopolitical tensions disrupting supply chains.
- To bolster economic ties, Modi challenged the BRICS Business Council to identify the 10 biggest trade barriers, support 100 startups annually, and create 1,000 new business partnerships.
- The Prime Minister highlighted the BRICS Women's Business Alliance and the BRICS Incubator Network as institutional tools to convert the grouping's economic weight into practical business cooperation.
- As India seeks to strengthen trade ties within the Global South, these initiatives aim to counter geopolitical challenges and supply chain disruptions, positioning the nation as a hub for global solutions.
11 Articles
11 Articles
PM Modi pushes BRICS to tear down trade barriers, backs freedom of navigation and seafarers’ safety
Prime Minister Narendra Modi on Friday called for BRICS to turn its growing economic weight into greater investment and expanded business ties, stressing that freedom of navigation, secure sea lanes and the safety of seafarers were essential to keeping global trade running. Addressing the BRICS Business Forum in India, Modi urged the grouping to identify and remove its top 10 trade barriers, scale 100 BRICS startups into other member markets eve…
"India is staunch supporter of freedom of navigation, safety of seafarers": PM Modi at BRICS Business Forum
Prime Minister Narendra Modi on Friday said that global trade can move forward only when sea lanes are secure, supply routes remain open, and seafarers are safe and stressed that India is a staunch advocate of freedom of navigation and the safety of seafarers.
Modi Ties BRICS Trade Goals to Secure Sea Lanes and Seafarer Safety
PM Modi used the BRICS Business Forum to stress that global trade hinges on secure sea lanes, open supply routes, and the safety of seafarers, reinforcing India’s commitment to freedom of navigation amid regional tensions around the Strait of Hormuz. He also highlighted BRICS’ growing economic heft, noting the bloc’s combined GDP has expanded nearly four-and-a-half times as it accounts for about 50% of the world’s population, 40% of GDP, and ove…
From cutting trade barriers to 1000 business ties: Modi pitches for three-point BRICS trade agenda
At the Leaders' Session of the BRICS Business Forum on Friday, Modi emphasised that amid rising trade challenges due to geopolitical tension, India has remained focused on reducing barriers and expanding opportunities for businesses.
PM Modi calls for removal of top 10 trade barriers, 1,000 new business partnerships across BRICS
NEW DELHI: Prime Minister Shri Narendra Modi has called for a more practical and business-oriented BRICS economic agenda, urging the BRICS Business Council to identify and work towards removing the top 10 trade barriers among member countries, support 100 startups annually in expanding into BRICS markets and facilitate 1,000 new business partnerships every year. Addressing […]
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