BRICS unlikely to bring any immediate benefits to Bangladesh

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M Masrur Reaz, the chairman of Policy Exchange Bangladesh, expressed scepticism about the potential immediate benefits for Bangladesh had it obtained membership in the recently concluded BRICS summit.

He pointed out that BRICS, consisting of Brazil, Russia, India, China, and South Africa, has not yet established a trade framework to facilitate commerce among its member countries.

While Bangladesh already maintains robust trade relations with two BRICS nations, China and India, these trade engagements are heavily skewed in favour of these two countries,’ he said.

In contrast, Bangladesh’s trade interactions with the other three BRICS nations are minimal, he added.

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