China releases BRICS Trade Index

China has unveiled the BRICS Trade Index, an analytical tool designed to objectively assess the state, dynamics, and potential of mutual trade among the BRICS member nations.

The index uses 2009 as its base period, with 2009 indicators set at 100 points. That same year, the first BRICS Summit was held in Yekaterinburg, Russia. According to the General Administration of Customs, the index climbed to 301.51 points in 2024, reflecting a strong positive trend in trade development.

The trade index between China and other #BRICS member countries incorporates 🕊 indicators:
✔trade scale
✔structure
✔innovation
✔potential

Earlier this year the BRICS Expert Council-Russia presented the results of BRICS cooperation progress. The exclusive report "BRICS Cooperation Progress According to BTTC Indicator System" was prepared by the BRICS Expert Council-Russia with the support of the BRICS Think Tank Council (BTTC), based on the results of Russia’s BRICS Chairship in 2024.

It uses a comprehensive indicator system that showcases progress in cooperation across various areas, highlights key achievements, and identifies areas that require further collaboration.

#NEWS #China

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