Smoother payments key to boosting BRICS trade: EEPC
India, Sept. 14 -- The country's apex engineering exports promotion body, EEPC India, on Sunday called for eliminating non-tariff barriers and having a smooth payment mechanism among BRICS nations to boost trade. EEPC India Chairman Pankaj Chadha said an agreement on non-tariff barriers between BRICS nations is the need of the hour. "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 this for a while now, it is time to move to its execution," he said....
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.