Piyush Goyal urges BRICS countries to open markets, remove barriers, link payment systems

Source: अमर उजाला | Original Published At: 2026-09-11 05:20:26 UTC

Key Points

• At the BRICS Trade Forum 2026, Commerce Minister Piyush Goyal said trade among BRICS member and partner countries should become deeper and more resilient.
• He urged BRICS countries to open markets for each other's goods, including raw materials and critical minerals.
• Goyal said non-tariff barriers can increase export costs more than tariffs and should be reduced across the group.
• He called for simpler regulatory processes, faster customs clearance, and streamlined procedures to cut trade time and costs.
• The minister also urged easier linkage of payment systems to support cross-border trade.
• India's BRICS presidency aims to strengthen economic cooperation, noting that BRICS accounts for about one-quarter of global trade, half of humanity, and around 40% of global GDP.