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Commerce and Industry Minister Piyush Goyal has expressed concerns over mis-pricing, under-invoicing and imposition of non-tariff barriers by certain countries as it impacts international trade. He stressed upon building trust among each other and expressed strong belief in small, achievable, incremental steps towards WTO (World Trade Organisation) reform. These issues were flagged by Minister during the 13th BRICS Trade Ministers’ Meeting. BRICS is a grouping of Brazil, Russia, India, China and South Africa.

Goyal said collective efforts of all the member countries are required to work in a trust-based open atmosphere through transparency and sharing information. He made it clear that unless trade and investment activities are carried out cooperatively in a transparent manner, it would not yield the desired results.

On supply chains, he said that trust and transparency are important factors for resilient and robust supply chains. On digital economy, he expressed deep concerns over deprivation of the access to virtual platforms, tele-medicine, distance education and e-payme.