China has proposed a free-trade bloc among the five BRICS countries in a bid to enhance economic ties within the decade-old grouping, as its geopolitical rivalry heats up with the United States.
India and China could look at a bilateral understanding on RCEP, which could mean an opportunity for India to consider joining the pact.
Social movements resisting the policies and agendas of Brazil-Russia-India-China-SouthAfrica elites will make their voices heard during the BRICS summit in Johannesburg on 22-27 July.
Chinese Ambassador to Argentina Yang Wanming urged Latin American nations to increase trade ties to China, promoting Beijing’s “One Belt One Road” project and warning Beijing will begin a “greater push” to conquer trade in the hemisphere.
The BRICS Group was born in the century XXI with renewed expectations of changes in the world order through greater participation of the Global South. However, what we have witnessed so far is the consolidation of a new/old unequal world order.
While India has been reshaping its arbitration laws and investment climate, the jury is still out on whether these measures will actually help create a more secure legal environment for investors.
Any intra-Brics framework will only be effective if awards rendered by such a body are enforceable without the added difficulty of getting entangled in domestic proceedings.
An immediate push for a BRICS Free Trade Agreement (FTA) will polarise heavily-industrialised and lesser-industrialised nations within the five-member grouping, warned South African trade and industry minister.
The agreement, to be signed during the Brics summit in Goa over the weekend, will boost free trade among the emerging economies
Other members fear a pact could lead to a surge in imports of Chinese goods, hurting local manufacturing
Developing countries, including India, should build capacity instead of playing the victim as the structure of international arbitration was heavily biased towards the developed countries, a top Finance Ministry official said.
The BRICS countries are discussing what kind of arbitration system is needed to settle commercial and investment disputes between them.
A high-level panel hosted by India discusses the issues of trade deals that inhibit access to medicines and also limit policy space for governments to legislate in public interest.
International Investment Law (IIL) has always been a battleground of competing paradigms and imaginations of economic world order. Today, the old battles between North and South over the rules of global investment are considered history.
The central banks of BRICS bloc bet on the New Development Bank, while the central countries put their money on TiSA: free trade in services.
A proposed amendment to the Trade Priorities and Accountability Act (TPA) incorporated into the House version of the US Customs Bill poses significant risks to future progress on climate mitigation if accepted.
A lot of protest has arisen against the Trans Atlantic Trade and Investment Partnership in recent times, and rightly so. For those who take a good look at the available negotiating documents realize that it is about a lot more than granting Access to our markets for chlorine chickens and hormone-infested beef, or the abolition of our committees for Security and Hygiene in the work environment. This is about something bigger. It’s about the continuation and the imposition of the neoliberal agenda. It is about laying the bricks for a hegemonic worldview for the coming decennia.
Instead of relying only on a treaty-based approach, India should initiate domestic policy reforms to attract and protect foreign investments, argues Kavaljit Singh
BRICS can either pursue a BRICS FTA to balance the TTIP or they can maintain the status quo, argues Geethanjali Nataraj.
La mise en place d’une zone de libre-échange au sein du BRICS étant peu probable, les pays membres doivent plutôt renforcer leurs échanges bilatéraux, annonce le gouvernement brésilien