The response to the Covid-19 pandemic will be high on the agenda of today’s Brics trade ministers meeting.
South Africa’s Trade, Industry and Competition Minister, Ebrahim Patel, will participate in the virtual meeting.
“It will focus on responses to the coronavirus outbreak, the strategy for Brics Economic Partnership 2025, the Multilateral Trading System and other key areas of cooperation,” said the Department of Trade, Industry and Competition (dtic) ahead of the meeting.
Patel said Brics was an important forum for dialogue and cooperation on matters of common interest.
“Brics provides a platform for cooperation to build trade and investment flows, including a focus on more balanced trade and higher value-added products,” said Patel.
Minister Patel said safeguarding the global economy would require enhanced collaboration to manage debt reduction and ensure a sustainable economic recovery.
Brics is the association of the five major emerging countries - Brazil, Russia, India, China and South Africa. - SAnews.gov.za