In swipe at US, BRICS hit out at trade protectionism

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AFP Brasilia
Last Updated : Nov 14 2019 | 10:05 PM IST

Five of the biggest emerging economies railed against protectionism on Thursday as they vowed to overcome "significant challenges" facing multilateralism, in a swipe at US tariffs and unilateral action.

In a joint declaration, BRICS countries -- Brazil, Russia, India, China and South Africa -- said "trade tensions and policy uncertainty have taken a toll on confidence, trade, investment and growth" in the global economy.

"It is critical that all WTO members avoid unilateral and protectionist measures," they said.

"We reiterate the fundamental importance of a rules-based, transparent, non-discriminatory, open, free and inclusive international trade."

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First Published: Nov 14 2019 | 10:05 PM IST

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