E-commerce key to BRICS nations' business ties

E-commerce will become a new engine of business cooperation among BRICS countries to improve both regional and global economic growth, experts said on Tuesday.

"E-commerce can help construct a more convenient custom clearance, modernized logistics and ideal investment environment," said Wang Jinzhen, vice-chairman of the China Council for the Promotion of International Trade, at the Public-Private Partnership Forum on BRICS E-commerce.

BRICS, which involves Brazil, Russia, India, China and South Africa, has 44 percent of the world's population - a potential huge market, Wang said.