13 Hrs
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بوابة أخبار اليوم
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BRICS summit boosts global economic role
The BRICS summit continues to strengthen its role in the global economy through increased trade exchanges among its members, especially as countries like Russia, China, and India move toward recovery and growth. Reports indicate that the volume of global trade among BRICS nations is expected to undergo significant changes soon, with disparities in export and import capabilities among the member countries. For instance, India imports a lot from China but exports less, due to its limited export capacities. Additionally, there is consideration of using local currencies for exchanges among member states, taking into account the capabilities of goods and services, each currency's influence, and their impact on trade, all aimed at enhancing BRICS' role in the global economy and supporting strategic balance among the members.
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