BRICS Build Nothing New as China-India Axis Dominates Trade Flows — Panjiva


BRICS Build Nothing New as China-India Axis Dominates Trade Flows

Brazil 260 China 1758 India 283 Info Tech - Comms Equip 118 Info Tech - Tech Hardware 378 Russia 69 South Africa 38 Trade Deals 702

Last week’s BRICS declaration focused on a commitment to trade liberalization and support for the WTO but did not yield any new trade deal processes. That’s not a surprise given China and India are both embroiled in RCEP negotiations while India remains committed to its “Make in India” import duties. India is the most important trade partner for China within the BRICS group having accounted for 44% of China’s exports to the group in the 12 months to February 28. All three of the top product lines exported, including telecom network components ($6 billion or 9% of China’s exports to India...

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