... appears that a lot of the developments in the BRICS universe were associated with the advancement of regional initiatives:
The launching of the RCEP project led by China and the ASEAN economies
The launching of the African Continental Free Trade Area (ACFTA)
BRICS+ summit in South Africa, with invitees being representatives of regional blocs from the Global South
The signing of a memorandum on understanding between the Eurasian Economic Union (EAEU) and MERCOSUR (in 2018) as well as between the EAEU and ASEAN ...
... associated in the multilateral organizations both at the global and regional levels. The two leaders spoke of the significance of the BRICS, R-I-C and Shanghai Cooperation Organisation (SCO). In fact, the SCO was of major focus during the discussion between the ... ... diversifying trade will be created. However, there is not much progress being made in this field. Negotiations are still going on the FTA between India and EAEU. The trade between the EAEU members and India is still low. The trade volume between New Delhi and ...
... diplomatic platforms
The Indo-Russian collaboration has been vibrant and active across multiple international forums including BRICS and Shanghai Cooperation Organization (SCO) that stand out amid the majority of international diplomatic forums led by the ... ... International Economic Forum (SPIEF) in 2015, when the EAEU authorities along with their Indian counterparts
decided to
launch JFSG on FTA agreement between the Eurasian Economic Union and India. SPIEF has since welcomed Indian
participation
. These arrangements ...
