The percentage share of Intra BRICS trade to its global trade is 10.61% (2017). The details of intra BRICS trade is at Annex-I Table 1.  The country-wise details of India’s trade with BRICS nations for the last five years including current year is at Annex –I Table 2. The percentage share of India’s intra BRICS trade to its global trade is at Annex-I Table 3.

Engagement in these Summits provides a platform for discussions and exchange of views on issues of mutual interest. These interactions help develop congruence on various issues and could lead to closer cooperation and strengthening of trade and investment ties between BRICS nations. Through sustained engagement cooperation amongst BRICS partners in the areas of Trade and Investment over these years has strengthened. The New Development Bank has been established with the purpose of mobilizing resources for infrastructure and sustainable development projects in BRICS and other developing countries. At this year’s Trade Ministers Meeting the Memorandum of Understanding among BRICS Trade and Investment Promotion Agencies/Trade Promotion Organizations was signed. This provides a framework for forging collaboration between Trade and Investment Promotion agencies for facilitating greater trade amongst the BRICS member countries. The BRICS Joint Trade Study Review helps in fostering greater mutual knowledge, economic cooperation as well as trade and investment opportunities among BRICS countries.

Prime Minister led the Indian delegation to the 11^th BRICS Summit that was held on 14^th November 2019 in Brasilia under the theme Economic Growth for an Innovative Future.

BRICS countries in 2018 agreed upon a non-binding and voluntary Working Mechanism on Technical Regulations, Standards, Metrology and Conformity Assessment Procedures for identifying, preventing and eliminating technical barriers to trade with a view to facilitating trade and increasing mutual trade flows. The government, through the institutional mechanisms like Joint Commission Meetings (JCMs) and Joint Trade Committee (JTCs) addresses market access and other issues like non-tariff measures on a regular basis, with a view to increasing India’s trade including with BRICS countries.

ANNEX-I

Table 1: Intra BRICS Trade Data (value in Billion US $) (2017)

Country	World	Brazil	China	India	Russia	South Africa	Intra BRICS	% Share of its Global Trade
Brazil	368.49		74.81	5.38	7.60	2.00	89.79	24.37%
China	4107.16	87.81		84.22	84.39	39.20	295.61	7.20%
India	587.36	7.97	84.42		10.12	10.96	113.47	19.32%
Russian	738.42	5.23	85.90	8.32		0.83	100.28	13.58%
South Africa	171.30	1.96	23.89	0.75	8.05		34.65	20.23%
BRICS	5972.73						633.81	10.61%

Source: COMTRADE

Table 2:  India’s Trade with BRCS (in Billion US$)

Counterpart	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-20
Brazil	11.4	6.7	6.5	8.6	8.2	3.5
China	72.3	70.7	71.5	89.7	87.1	44.7
Russia	6.3	6.2	7.5	10.7	8.2	4.9
South Africa	11.8	9.5	9.4	10.7	10.6	5.4
India's Total Intra-BRICS	101.9	93.1	94.8	119.6	114.1	58.5

   Source: DOC

Note: Data for 2019-20 is from April to September, 2019.

Table 3: Percentage Share of India’s Intra-BRICS Trade to Global trade

Country	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-20
Brazil	1.5	1.04	0.99	1.11	0.97	0.9
China	9.54	10.99	10.82	11.66	10.31	11.0
Russia	0.84	0.96	1.13	1.39	0.97	1.2
South Africa	1.56	1.48	1.42	1.39	1.25	1.3
India's Intra-BRICS	13.44	14.47	14.36	15.55	13.5	14.4

  Source: DOC

 Note: Data for 2019-20 is from April to September, 2019.

This information was given by the Minister of Commerce and Industry, Piyush Goyal, in a written reply in the Lok Sabha today.

Trade facilitation through BRICS cooperation enhances mechanisms to reduce technical barriers and strengthen trade and investment ties. Sustained institutional engagement among BRICS operates through mechanisms to facilitate trade and investment, including the New Development Bank, a Memorandum of Understanding among Trade and Investment Promotion Agencies to foster collaboration, and a voluntary Working Mechanism on Technical Regulations, Standards, Metrology and Conformity Assessment Procedures aimed at identifying and eliminating technical barriers, supported by Joint Commission Meetings and Joint Trade Committees addressing market access and non tariff measures.