Modi Sets BRICS Business Targets, Calls for Removal of Top 10 Trade Barriers
Prime Minister Narendra Modi has called for a stronger BRICS economic partnership, emphasizing the need to make trade and investment within the grouping more open, predictable and efficient. Addressing the business community, he highlighted the importance of removing key obstacles that restrict commercial engagement among member economies.
The Prime Minister proposed focused action on the top 10 trade barriers, covering areas that can affect market access, customs procedures, logistics, regulatory compliance and cross-border business operations. Removing such barriers, he said, can create a more enabling environment for enterprises and support greater participation of businesses in global value chains.
India also outlined clear business-oriented targets for BRICS cooperation, with emphasis on expanding intra-BRICS trade, strengthening investment flows and encouraging greater collaboration between industries. The approach seeks to move economic cooperation beyond dialogue towards measurable outcomes and practical implementation.
The initiative places particular importance on MSMEs, startups, technology-driven enterprises and emerging industries, which can benefit from easier market access and stronger institutional linkages. Enhanced cooperation in digital systems, innovation, infrastructure and supply-chain resilience can further support economic integration.
The proposed measures are aligned with India’s broader objective of promoting transparent, inclusive and rules-based trade. Streamlining procedures and reducing unnecessary restrictions could lower transaction costs while improving opportunities for businesses across BRICS economies.
The emphasis on trade facilitation reflects India’s effort to position BRICS as a more dynamic economic platform, capable of supporting investment, innovation and sustainable growth. By addressing practical barriers and setting measurable priorities, the grouping can strengthen its role in shaping a more balanced global economic order.
