Business · India Bureau
BRICS members push India for more predictable trade rules
As India assumes the BRICS presidency, partner nations including China, Indonesia and Brazil have flagged concerns about unpredictability in India's trade regime, according to a WTO review. The appeals signal growing pressure on New Delhi to streamline commercial policies and reduce trade barriers.
LSN India ·
China, Indonesia and Brazil have called for greater consistency and transparency in India's trade policies during the BRICS tenure, with the concerns emerging from a World Trade Organization assessment of New Delhi's commercial framework. The three nations have specifically raised issues around the predictability of India's tariff structures and non-tariff barriers, which they say create uncertainty for trading partners and investors.
The timing of these appeals coincides with India's leadership of the BRICS bloc, the emerging-market alliance that also includes Russia and South Africa. Trade policy is expected to feature prominently in discussions during India's presidency, with member states seeking to coordinate positions on global commerce and development issues.
The WTO review process, which involves member countries submitting formal assessments of each other's trade regimes, provides a mechanism for partner nations to air grievances about commercial practices. The appeals from BRICS members reflect broader expectations that India's leadership should include efforts to harmonise trade rules and enhance market access among member nations.
India's trade policy has drawn scrutiny in recent years over its reliance on tariffs, anti-dumping measures and restrictions on certain imports to protect domestic industries. Officials have previously defended these measures as necessary to safeguard Indian manufacturers and farmers from unfair competition. The latest criticism from major trading partners suggests New Delhi may face pressure to recalibrate its approach during its BRICS presidency.