The Finance Ministers and Central Bank Governors (FMCBG) of the BRICS nations have voiced "serious concerns" about the unilateral imposition of tariffs and non-tariff measures, which they deem inconsistent with World Trade Organisation (WTO) rules.
Members of the Indian diaspora in Brazil expressed great enthusiasm and optimism over the visit of Prime Minister Narendra Modi, who is in the country to attend the 17th BRICS Summit. The diaspora members hoped that the discussions would bring positive outcomes for India.
Anticipation is high among Indian business leaders attending the BRICS Summit in Brazil, as Prime Minister Narendra Modi's visit is expected to further strengthen India's global trade ties, particularly with Brazil and other BRICS nations.
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman held a series of high-level bilateral meetings with her counterparts from Russia, Brazil, and China on the sidelines of the BRICS Finance Ministers and Central Bank Governors (FMCBG) meeting in Rio de Janeiro.
Saeed Mubarak Al Hajeri, Assistant Minister for Economic and Trade Affairs and the UAE's BRICS Sherpa, participated in the 3rd BRICS Sherpa and Sous Sherpa meeting, held from 30 June to 4 July 2025 in Rio de Janeiro, Brazil.
The United Arab Emirates, represented by Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, has participated in the BRICS Business Forum on the sidelines of the 17th BRICS Summit in Rio de Janeiro, Brazil.
Addressing a press briefing after the bilateral meeting between the two leaders, MEA's Secretary (East) P Kumaran said, "Both leaders also expressed interest in enhancing collaboration in the defence sector, where they felt that they can leverage their respective experiences and capabilities