BRICS Nations Warn Unilateral Tariffs Threaten Global Trade
Member states voice concern over rising tariff and non-tariff measures they say distort trade and violate WTO rules, according to TASS.
BRICS member states have expressed serious concerns over the increasing use of unilateral tariff and non-tariff measures, warning that such actions threaten the stability of global trade, according to a report by TASS.
The bloc's members said these measures distort international trade flows and are inconsistent with the rules established by the World Trade Organization (WTO), TASS reported.
The statement reflects broader concerns among BRICS nations regarding the direction of global trade policy and the potential for unilateral actions to undermine multilateral trade frameworks.
TASS did not specify further details regarding which countries or measures were referenced, or whether a formal joint declaration was issued.
BRICS, which includes Brazil, Russia, India, China, and South Africa along with newer members, has in recent years increasingly used joint statements to address shared economic and trade concerns.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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