Trade is booming between Brics nations

Brazil’s President Michel Temer, Russian President Vladimir Putin, Chinese President Xi Jinping, South Africa’s President Jacob Zuma and Indian Prime Minister Narendra Modi. Picture: AP

Brazil’s President Michel Temer, Russian President Vladimir Putin, Chinese President Xi Jinping, South Africa’s President Jacob Zuma and Indian Prime Minister Narendra Modi. Picture: AP

Published Sep 11, 2017

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BEIJING - Containerised trade among Brics nations saw robust growth in the first half of this year, according

to the world’s largest container shipping company Maersk Line. 

Demand has improved as most of the world’s major economies started to recover this year, and the growth among Brics countries continued to outpace the

global average, said Mike Fang, managing director for Maersk Line’s Greater China Cluster. 

“There is much potential to enable trade among Brics nations and we will definitely look into it,” he said in a statement. 

Maersk’s exports from China to India increased 26.2% year on year

in the first half of 2017, those to Brazil and South Africa both rose 8.7%, while Maersk’s imports from South Africa to China surged 43.9%, according to Fang. 

- XINHUA

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