Build resilience to external economic shocks: VP Ansari

RSTV Bureau
8th BRICS summit logo launched by Sushma Swaraj

8th BRICS summit logo launched by Sushma Swaraj

Inaugurating the BRICS Business Forum here on Thursday, Vice President Hamid Ansari asked BRICS countries to build business-friendly environment for investors and entrepreneurs to enhance market access opportunities.

“To achieve mutual prosperity, BRICS nations should endeavor to trade in their own currencies and create a business-friendly environment,” said Vice President Hamid Ansari

Addressing the BRICS Commerce Ministers Summit in New Delhi, Ansari outlined a five-fold agenda for BRICS nations to find solutions to the economic challenges affecting their countries.

“BRICS would need to foster the liberalisation of trade in Services, especially in promoting movement of people for commercial activity, both with BRICS and globally,” he said.

Ansari also pitched for a need to enhance and diversify trade and investment cooperation that support value addition.

“We need to build resilience to external economic shocks and strengthen macro-economic policy coordination by promoting information exchange through agreed platforms and by deepening our interaction and cooperation with non-BRICS countries, international organizations and forums,” Ansari said to an audience composing of law makers from BRICS nations.

Saying that growing economies mousy translate growth into inclusive economic development, Ansari asked BRICS nations to reduce unemployment, eradicate poverty and promote social inclusion.