Wednesday, April 19, 2017

BRICS Countries Urge Others to Oppose Trade Protectionism

BRICS countries today urged other nations around the world to oppose trade protectionism and encouraged transparent global trade. The BRICS nations also urged countries to resist anti-global thinking that is starting to rear its ugly head. They also stated that wealthy countries need to lead the way with helping developing countries and their trade agreements. I personally think this is a great idea. This would help consumers around the world by reducing the costs that are passed on to them by added taxes and tariffs.

1 comment:

  1. It is fundamentally important that regulations and policies are transparent to all parties such that any company involved in trade need to know as much as possible about the conditions of a trade. Transparency is achieved through informing fellow members of BRICS on specific measures, policies and laws through regular notifications and conducting regular reviews of trade policies with trade policy reviews.

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