Trade preferences can be a topic of discussion at the BRICS Summit in Ufa

Galiya Nabieva

UFA, 6 July 2015. /Bashinform News Agency, Galiya Nabieva/. The BRICS countries can discuss trade preferences at the Summit in Ufa on 8-10 July 2015. This was told by the First Deputy Minister of Economic Development of Russia Alexey Likhachev in an interview with TASS News Agency.

At the same time, the politician said that it was too early to talk about signing the agreement between the BRICS countries on a free trade zone, but at this stage in the framework of bilateral cooperation "the provisions of this agreement in its elements" were discussed.

In particular, a joint research team works on the development of preferential policy between India and the EEU. "I think we are ready to discuss this issue with the Republic of South Africa, because our economies are complementary, we supplement each other rather than compete in key sectors", Alexey Likhachev said.

According to him, certain difficulties may arise with Brazil due to the fact that its economy is in many ways competitive to Russia.

Alexey Likhachev explained that Brazil was a member of Mercosur, and products made there with participation of Russian companies would be distributed within the borders of Mercosur countries across the Latin American continent almost free of duty.

#brics #trade preferences

Join us - get more news faster on our social media:

Rubrics

Phone

Office: +7(347) 250-05-07 Advertising office: +7(347) 250-11-11 Editors office: +7(347) 250-07-28 Cooperation: +7(347) 250-06-14

inf@bashinform.ru

Address

450077, Ufa, Kirov street, 45

© 1992-2026 Bashinform News Agency JSC. Mass Media Registration Certificate No. TU 02-01609 dated September 25, 2017, issued by the Office of the Federal Service for Supervision of Communications, Information Technology and Mass Media for the Republic of Bashkortostan.

All information and content posted on the website www.bashinform.ru are protected by international and Russian copyright and related rights legislation. All reports by the Bashinform News Agency are intended for users over 18 years of age.

When reprinting or quoting, a reference to Bashinform News Agency is mandatory. For online publications and social media, a direct active hyperlink is required. Using the Bashinform News Agency logo for purposes not related to the agency when reprinting or quoting is permitted only with the written permission of JSC Bashinform News Agency.