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BRICS countries reaffirm WTO rules on multilateral trade

By REUTERS

JULY 26, 2018 16:07

JOHANNESBURG - Leaders of the BRICS bloc signed a declaration supporting an open and inclusive multilateral trading system as envisaged by the World Trade Organization at a summit on Thursday in South Africa.

Brazil, Russia, India, China and South Africa have found a collective voice championing global trade at the three-day summit, vowing to fight unilateralism and protectionism in the wake of tariff threats by US President Donald Trump.

"We recognize that the multilateral trading system is facing unprecedented challenges. We underscore the importance of an open world economy," the declaration signed by the five leaders said.

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