Brics Business Council concerned about uneven trade patterns in the bloc
The body will push for more equitable trade at the 2023 annual summit in August
31 July 2023 - 19:15
The SA Brics Business Council (SABBC) is likely to press for more equitable trade within the emerging markets bloc when the group of nations’ leaders meet in Johannesburg for the annual Brics summit.
Though SA, which joined Brics (Brazil, Russia, India, China and SA) in 2010, is endowed with an abundance of natural resources, uneven trade patterns exist within the bloc, leading to a situation in which SA exports more raw materials and imports more manufactured goods, says Stavros Nicolaou, head of the council. ..
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