At 15th BRICS Trade Ministers' Meeting, India calls for dismantling export controls among BRICS members
At the 15th BRICS Trade Ministers' Meeting held under Brazil's presidency on 21 May 2025, India opposed export controls among BRICS members; the meeting endorsed a Joint Declaration with three annexures.
Summary
The 15th BRICS Trade Ministers' Meeting was held under Brazil's presidency on 21 May 2025 with the theme 'Strengthening Global South Cooperation for More Inclusive and Sustainable Governance'. India opposed export controls among BRICS members. The meeting endorsed a Joint Declaration with three annexures: the BRICS Declaration on WTO Reform and Strengthening of the Multilateral Trading System, the BRICS Data Economy Governance Understanding, and the BRICS Trade and Sustainable Development Framework. The Declaration said climate-related trade measures should not become tools of unjustifiable discrimination or disguised trade restrictions. India, which assumes the BRICS Presidency in 2026, welcomed Indonesia's induction as a member in 2025 and called for a permanent solution on public stockholding for food security.
Key facts
- Meeting
- 15th BRICS Trade Ministers' Meeting, 21 May 2025
- Presidency
- Brazil
- India's stance
- Opposed export controls among BRICS members
- Annexures
- WTO Reform declaration; Data Economy Governance Understanding; Trade and Sustainable Development Framework
- Climate measures
- Should not be disguised trade restrictions
- India
- BRICS Presidency in 2026; sought permanent solution on public stockholding
Practice MCQs 2 questions
Consider the following statements about the 15th BRICS Trade Ministers' Meeting (May 2025): 1. It was held under the BRICS Presidency of Brazil. 2. India will assume the BRICS Presidency in 2026. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: Brazil held the presidency, and India prepares to assume it in 2026.
Which of the following was NOT one of the three annexures to the Joint Declaration endorsed at the 15th BRICS Trade Ministers' Meeting?
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Correct answer: D — BRICS Framework on Critical Minerals Supply Chains
The three annexures were on WTO reform, Data Economy Governance, and Trade and Sustainable Development.