Initiative aims to increase transparency and facilitate access to data on the participation of BRICS in international trade
The Ministry of Development, Industry, Commerce and Services (MDIC) in Brazil has launched a new interactive platform that provides information on foreign trade in the countries that make up the . This group, which includes Brazil, Russia, India, China and South Africa, as well as new members such as Saudi Arabia, Egypt, United Arab Emirates, Ethiopia, Indonesia and Iran, is responsible for 26% of global goods trade, with exports that total US $ 5.7 trillion. The initiative aims to increase transparency and facilitate access to data on BRICS participation in international trade. The new page allows users to follow the evolution of goods and services exchanges, as well as identify the main business partners and the most negotiated products among the bloc countries. MDIC Vice President and Minister Geraldo Alckmin emphasized the relevance of BRICS, which represents 39% of world GDP and houses 49% of the planet’s population.
Page functionality include interactive panels that show the historical evolution of trading and detailed information about the products and services involved in the transactions. The main items marketed include metallic ores, oil, meat, seeds, iron and steel. In the services sector, the areas of transportation, telecommunications, computer science and business services stand out. With this new tool, the MDIC seeks not only to inform, but also to promote a greater understanding of the dynamics of foreign trade between the BRICS countries. The platform is a response to the growing demand for accessible and updated data, reflecting the importance of the bloc in the global economic scenario.
Posted by Sarah Paula
*Report produced with the aid of AI
