External Affairs Minister S Jaishankar said at the BRICS conference on Monday that economic policies should be fair and transparent in the global system. He stressed that these policies should be for the development and profit of all countries, so that equality will remain.
Fair and transparent economic policies are necessary
Jaishankar said in the virtual BRICS meeting that there should be fairness and transparency in the global trade system. He said that the purpose of economic behavior globally should be to ensure permanent and inclusive development for all, not only the benefit of some countries. At the summit organized by Brazilian President Lewis Eneasio Lula Da Silva, External Affairs Minister Jaishankar said that India believes that the method of international trade should be open, fair, clean and different discrimination. These rules should always be protected.
Follow collaborative and creative approach
He appealed to all countries to adopt a “creative and cooperative” approach. Jaishankar said that in the present time it is necessary to make global trade sustainable and durable so that the world’s economy can move forward stable. Jaishankar also said in his address that there will be no benefit from increasing obstacles in global trade and complex transactions. He urged BRICS countries to review the trade flow and present the example. He said that more obstacles will only harm business. He said, “Our aim should be more flexible, reliable, alternative and small supply peace so that any shock can be dealt with.”
Business deficit and solution needs
External Affairs Minister Jaishankar said that India’s largest trade deficit is with BRICS countries. He said that India is constantly trying for a time -bound solution. He hoped that in today’s meeting, important understanding will be made on this subject. He said, “The basis of the international trade system rests on openness, fairness, inclusion, equality and rule -based approaches, including special and discriminatory provisions for developing countries.”