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BRICS countries plan building up trade to $ 500 bln by 2015

March 28, 2012, 21:50 UTC+3
Trade turnover among the five countries making up BRICS /Brazil, Russia, India, China, and South Africa/ plan increasing their trade turnover to $ 500 billion by 2015
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NEW DELHI, March 28 (Itar-Tass) -- Trade turnover among the five countries making up BRICS /Brazil, Russia, India, China, and South Africa/ plan increasing their trade turnover to $ 500 billion by 2015, says a statement issued at the end of the BRICS business forum that was held in Delhi Wednesday.

The document says development of business cooperation among the five countries is a mandatory condition and it is called upon to help the solution of internal problems each of the five countries runs into and to assist the worldwide economic growth at the same time.

About 500 top business executives, including some 80 Russian ones, took part in the forum hosted by the Federation of Indian Chambers of Commerce & Industry. The participants looked at the BRICS cooperation in the fields of stability, security and development.

The five sessions held as part of the forum were devoted to cooperation in energy security with accent on the renewable sources of energy, improvements in financial collaboration for an increase of trade and investment, the role of information and communication technologies and innovations in the promotion of business partnerships among BRICS countries, and the role the five nations can play in ensuring the global foodstuff security.

Economics Minister Elvira Nabiullina led the Russian delegation to the forum that was held in the run-up to the forth summit of the informal association of the five countries.

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