Listen Live
    The Fifth BRICS leaders' summit in Durban, South Africa

    Trade Turnover Between BRICS Countries Reached $291Bln in 2014

    © Sputnik / Alexei Druzhinin
    Business
    Get short URL
    2015 BRICS, SCO Summits in Russia's Ufa (73)
    0 62

    The intra-BRICS trade increased by more than 70 percent over the last six years, Russia's economic development minister said.

    MOSCOW (Sputnik) – The trade turnover between BRICS countries amounted to $291 billion in 2014, Russian Economic Development Minister Alexei Ulyukayev said Tuesday.

    “During the last six years intra-BRICS trade increased by more than 70 percent from $168 billion in 2008 to $291 billion in 2014. These figures prove that our countries have chosen the right way to develop cooperation on the economic track,” the minister said during a BRICS economic ministerial meeting in Moscow.

    BRICS is an association of five major developing economies, comprising Brazil, Russia, India, China, and South Africa.

    Finance ministers and heads of the central banks of BRICS countries gathered in Moscow on Tuesday ahead of the seventh BRICS summit, due to take place in the Russian city of Ufa on July 8-9. BRICS ministers of economic development and trade are also set to meet in the Russian capital on Tuesday.

    Topic:
    2015 BRICS, SCO Summits in Russia's Ufa (73)

    Related:

    'Much Work Needed' Before Greece Joins BRICS Bank - Deputy Defense Minister
    BRICS to Promote Cooperation With WTO, G20 Members - Russian Minister
    Moscow Views Russia-BRICS Ties as Priority for Foreign Policy - Official
    Greece Can Join BRICS as a Growing Economy - Official
    Tags:
    trade, BRICS, Alexei Ulyukayev, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik