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New Delhi to host BRICS fair from October 12

BRICS countries (Brazil, Russia, India, China, South Africa) are having a trade fair in New Delhi, October 12 to 14, 2016. This is their first such trade fair. There is a strong feeling that measures need to be taken to deepen intra-BRICS economic engagement, trade and investment ties. India is the chair for 2016 BRICS group of emerging economies.

The trade fair will showcase about 20 key sectors. These include aerospace, agro-processing, auto and auto components, chemicals, green energy and renewables, healthcare and pharmaceuticals, railways, textiles and apparel, infrastructure, IT, engineering goods, tourism, gems and jewelry and skill development. The fair will be a platform for BRICS countries to exhibit state of the art technologies and advances made in industrial development. The fair is being staged just ahead of the BRICS political summit in Goa, October 15 to 16, 2016.

Global merchandise exports of BRICS countries have gone up from $3.2 trillion in 2012 to $3.47 trillion in 2014. Merchandise imports from the world into BRICS nations have gone up from $2.95 trillion in 2012 to $3.03 trillion in 2014. In 2012, intra-BRICS trade stood at $281.4 billion and this increased to $297 billion in 2014.

 
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