EEPC India Chairman Pankaj Chadha says BRICS trade growth depends on eliminating non-tariff barriers and improving the cross-border payment mechanism. He argues that reducing regulatory and procedural frictions would make it easier for exporters to access markets within the bloc.
Both outlets report that Chadha links progress on non-tariff barriers with the need for a smoother payment system. NDTV adds that an approach that enables settlements in individual national currencies could make cross-border transactions faster and more predictable, potentially reducing delays and uncertainty for businesses.
While both sources agree on the central priorities—addressing non-tariff barriers and easing payments—NDTV emphasizes the operational aspect of settlements and the role of using national currencies. Business Line focuses more generally on the importance of removing non-tariff barriers as the immediate need. Neither outlet cites specific BRICS-level decisions, dates, or named agreements in the provided material.
