BRICS Business Forum 2026: Piyush Goyal urges nations to open markets, cut trade barriers and link payment systems
Commerce Minister Piyush Goyal urged BRICS nations to open markets and cut non-tariff barriers. He called for linking payment systems to foster deeper economic integration among members. Goyal emphasized building resilient supply chains with trade flowing in both directions. He highlighted non-tariff measures as significant impediments to export growth and well-being. India seeks to leverage its…
Commerce and Industry Minister Piyush Goyal urged BRICS nations to deepen economic integration at the 2026 BRICS Business Forum in New Delhi. Goyal proposed opening markets, cutting non-tariff barriers, and linking payment systems to build more resilient supply chains. He emphasized the importance of diversified supply chains and urged the removal of non-tariff measures that impose high export costs.
Goyal highlighted India's Unified Payments Interface (UPI) as a successful digital payment system that BRICS countries could adopt, and stressed the need for easier market access, simpler regulatory procedures, and greater interoperability between payment systems. He also called for increased movement of professionals across borders and greater women-led business participation in BRICS commerce.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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