Removing non-tariff barriers, smooth payment mechanism key to boosting BRICS trade: EEPC India
India, Sept. 13 -- Removing non-tariff barriers and establishing smooth payment mechanisms in national currencies can resolve a major share of the problems faced by exporters and boost trade among BRICS countries, EEPC India said on Sunday.
EEPC India Chairman Pankaj Chadha said the grouping should move towards a common agreement on non-tariff barriers and a set of mutually accepted standards.
"Around 75 per cent of the problems faced by exporters can be solved by eliminating non-tariff barriers and having a smooth and efficient payment mechanism in individual national currencies," Chadha said.
"We can have a common agreement on non-tariff barriers between BRICS nations and agree to a set of standards. While we have been discussing thi...
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