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BRICS Leaders’ Summit 2026: Cross-border payments and trade likely to top agenda

BRICS Leaders' Summit 2026: Cross border payments, trade likely to top agenda
Countries
BrazilChinaEgyptEthiopiaIndiaIndonesiaIranRussiaSaudi ArabiaSouth AfricaUnited Arab Emirates
Cooperation areas
Economic GrowthInclusive MultilateralismInstitutional Development

Source: Business Today | Original Published At: 2026-09-10 09:07:38 UTC

Key Points

  • The BRICS Leaders' Summit is scheduled to take place in New Delhi on September 12 and 13, with India as host.
  • Cross-border digital payments, including the use of UPI, boosting trade, and exploring a common currency are expected priorities.
  • BRICS member countries are seeking ways to settle payments with lower reliance on the US dollar and the global payment network SWIFT.
  • A report by Global Trade Research India said BRICS countries export about $1.1 trillion to one another, equal to 18.8% of their combined global exports.
  • The same report said BRICS countries import $1.4 trillion from fellow members, representing 29.5% of their global imports.
  • For India, the report said priority should include better market access in China, Russia, and Indonesia, and reduced dependence on a few BRICS suppliers.
  • PHDCCI said the summit should make cross-border trade and investment cheaper and simpler, including through local currencies and UPI-based payments.
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