Orchestra 
DIGITAL WORLD
BRICS+ Media Centre 
MODERN RUSSIAN 
This was announced by Maksim Reshetnikov, the Minister of Economic Development of the Russian Federation
As part of the agenda of the Russian 2024 BRICS Chairmanship, the 14th BRICS Economic and Trade Ministers' Meeting will take place in Moscow.
During the meeting, the top officials, among other issues, discussed possible areas of multilateral coordination and the prospects of the association's global influence in the sphere of world trade. Information about this was released by the Ministry of Economic Development of the Russian Federation.
In particular, the ministers discussed prospects for further cooperation in agricultural trade, support for small and medium-sized businesses, consumer protection in e-commerce, and improving the sustainability of value chains and supply chains.
The event also discussed the introduction and promotion of artificial intelligence technologies in trade operations, as well as enhancing cooperation through special economic zones.
"In recent years, the BRICS countries have been actively increasing their economic and technological potential, forming one of the most promising global markets"
Maksim Reshetnikov Minister of Economic Development of the Russian Federation
"According to the results of last year, taking into account the new members of the union, BRICS accounts for more than 36% of world GDP, 22 per cent of world trade, and almost half of the world's population–3.5 billion out of 8 billion people," he said.
The Russian official said that the results of the ministerial meeting indicate that through multilateral collaboration and partnership, it will be possible to implement competent regulation of the growing international e-commerce industry, eliminate currency barriers, and compete in the high-tech sector among the world's top market leaders.
Photo: Ministry of Economic Development of the Russian Federation
-
![]()
Economy05.08.26China sees rapid rise in technology tourism as innovation becomes new driver of inbound travel -
![]()
Economy05.08.26Russia’s agricultural exports to Africa rise by 35% in value in first half of 2026 -
![]()
Economy04.08.26Fertilisers and agrochemicals: supply chains and trade within BRICS -
![]()
Economy04.08.26Number of foreign sole proprietors in Brazil surpasses record 106,000 -
![]()
Economy04.08.26China completes first high-speed railway tunnel beneath Yangtze River -
![]()
Economy04.08.26Bolivia and Brazil agree to establish international transport corridor
-
![Sergey Lavrov]()
Sergey LavrovRussian Foreign Minister"A Joint Statement of the Foreign Ministers has been adopted. It provides a clear and principled assessment of the situation on the international stage and outlines the tasks that will be addressed in accordance with previous decisions by heads of state and governments. No one doubts that additional documents on sectoral areas of cooperation will be developed ahead of the SCO summit in Bishkek. Energy, artificial intelligence, healthcare and a number of other areas were also mentioned" -
![Nitin Gadkari]()
Nitin GadkariIndia's Union Minister for Road Transport and Highways"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport" -
![Anutin Charnvirakul]()
Anutin CharnvirakulPrime Minister of Thailand"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"
