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BRICS nations sign four pacts

BRICS nations sign four pacts
Written by IANS

To boost cooperation in different areas, including economy and trade, BRICS member states on Monday signed four agreements at the 9th Summit of the five-nation bloc here.

The four documents are: BRICS (Brazil, Russia, India, China, South Africa) Action Agenda on Economic and Trade Cooperation; BRICS Action Plan for Innovation Cooperation (2017-20); Strategic Framework of BRICS Customs Cooperation; and Memorandum of Understanding between the BRICS Business Council and the New Development Bank on Strategic Cooperation (NDB).

NDB is a multilateral development bank set up by BRICS.

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