What does the Brics draft statement say about global trade?

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Brics Draft Statement Expresses Serious Concerns Over Unilateral Trade Measures

A draft Brics summit statement outlines significant apprehension regarding the proliferation of unilateral tariff and non-tariff measures, asserting that these actions disrupt global trade flows and contravene established World Trade Organisation (WTO) regulations. The document warns that such practices pose a substantial threat to the reduction of international commerce and negatively impact the outlook for global economic growth.
Concerns Over Unilateral Trade Measures

The draft declaration highlights grave concerns over the increasing implementation of unilateral tariff and non-tariff measures. These actions are identified as distorting established trade patterns and are explicitly stated to be inconsistent with the rules and principles of the World Trade Organisation.
Impact on Global Trade Reduction

The statement issues a warning that these unilateral measures are not merely disruptive but actively threaten to further diminish the volume of global trade. This anticipated reduction in international commerce is seen as a direct consequence of the protectionist policies being enacted.
Affecting Global Economic Development Prospects

Beyond the immediate impact on trade volumes, the draft Brics document articulates that these trade-distorting measures are adversely affecting the broader prospects for global economic development. The concern is that these actions could hinder overall economic progress and recovery worldwide.

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What does the Brics draft statement say about global trade?

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