New Delhi, Sept. 8 -- The world is seeking a stable and predictable environment for trade and investment and it is imperative that economic practices are fair, transparent and to everyone's benefit, External Affairs Minister S Jaishankar said on Monday and noted that international trading system based on principles of open, fair, transparent and rules-based approach should be protected and nurtured.

Jaishankar, who addressed the virtual meeting of BRICS Leaders , said the world today also seeks an urgent resolution of ongoing conflicts and the Global South has experienced a deterioration in its food, energy and fertilizer security.

"The world as a collective is seeking a stable and predictable environment for trade and investment. At th...