The response to the COVID-19 pandemic is expected to form part of today’s BRICS Trade Ministers meeting.
Minister Ebrahim Patel, South Africa’s Trade, Industry and Competition Minister is set to participate in the virtual meeting.
The Department of Trade, Industry and Competition (DTIC) said:
“The Trade Ministers Meeting 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.”
Patel said BRICS is 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 further said safeguarding the global economy will 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.
