Removal of BRICS Trade Barriers Could Boost India’s Engineering Exports: EEPC India

Source: Patrika News | Original Published At: 2026-09-13 09:35:02 UTC

Key Points

• EEPC India said steps taken at the 18th BRICS Summit in Delhi could help resolve around 75% of problems faced by Indian exporters.
• Removing non-tariff barriers and establishing efficient local-currency payment systems among BRICS countries could boost India's engineering exports.
• EEPC India Chairman Pankaj Chadha said BRICS members should move from discussion to implementation of trade-facilitation measures.
• A common understanding on non-tariff barriers and shared standards among BRICS countries could reduce regulatory costs for exporters.
• Engineering products account for about 27% of India's total goods exports, with Brazil, China, Indonesia, Saudi Arabia, and South Africa among key markets.
• India's engineering exports rose from about USD 10 million in the 1950s to USD 122.43 billion during April 2025-March 2026.
• BRICS accounts for nearly one-quarter of global trade, and better payment alignment could further increase the group's trade share.