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Management and Economics Research Journal
open access

The New Development Bank and Multilateral Trade Facilitation Agreements on BRICS

DOI : 10.18639/MERJ.2020.9900016

Section : Short Communication

Published Date : Jun 03,2020

Lede

Special Issue S5: “BRICS: The Emerging Block”

Abstract

Brazil, Russia, India, China, and South Africa (BRICS) have made a tremendous economic impact on the world. Through the New Development Bank (NDB) and the Trade Facilitation Agreement (TFA) by the World Trade Organization, they have become stronger. This article made use of different views to discuss the implication of the NDB and TFA on BRICS. No empirical analysis was carried out. From the viewpoints of other scholars, the Trade Ministers of the BRICS and the World Trade Organization, the NDB and TFA can enhance intellectual and economic growth in the BRICS countries.

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