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BRICS to play key role in safeguarding free trade

By Ren Xiaojin | China Daily | Updated: 2017-07-26 07:35

China will further open up its market for imports from other BRICS countries and pledge to spearhead an anti-protectionism campaign with Brazil, Russia, India and South Africa, a senior commerce official said on Tuesday.

"Investment and trade are the vital economic drive for BRICS countries as it has profound potential," Wang Shouwen, vice-minister of commerce, said at a news conference.

"BRICS took up 23 percent of global GDP in 2016, up from 12 percent a decade ago, but only accounted for 16 percent of world trade, 16 percent of total foreign investment and 12 percent of outbound investment."

BRICS to play key role in safeguarding free trade

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