{"id":5584,"date":"2023-08-28T00:00:00","date_gmt":"2023-08-28T00:00:00","guid":{"rendered":"http:\/\/bpddev2.uk\/clients2023\/metro\/brics-irrelevant-or-irresistible\/"},"modified":"2024-02-02T08:59:19","modified_gmt":"2024-02-02T08:59:19","slug":"brics-irrelevant-or-irresistible","status":"publish","type":"post","link":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/","title":{"rendered":"BRICS; irrelevant or irresistible"},"content":{"rendered":"\n<p><strong>The fifteenth annual BRICS summit, attended by Brazil, Russia, India, China, and South Africa, took place in Johannesburg last week, with members committing to expansion, in a significant development, that will have a major impact on the global economy.<\/strong><\/p>\n\n\n\n<p>The addition of six new members, including Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the UAE, would boost BRICS&#8217; gross domestic product rise to 36% of global GDP at purchasing power parity and 46% of the world\u2019s population.&nbsp;<\/p>\n\n\n\n<p>China has boosted the standing of the BRICS group and propelled its share of global gross domestic product to a level that could soon rival that of the Group of Seven (G7)&nbsp;comprising Canada, France, Germany, Italy, Japan, the UK and the US.<\/p>\n\n\n\n<p>While China\u2019s economy&nbsp;may be challenged currently, economist predict that&nbsp;India is ready to pick up the slack and could boost the BRICS\u2019 share of global GDP to more than 40% by 2040, compared with 32% last year, which far outstrips the G7\u2019s predicted share of 21%.<\/p>\n\n\n\n<p>BRICS expansion could be a positive development, that could have a major impact on the global economy, but the group will face significant challenges. As it grows in size and influence, direct government intervention by BRICS members is likely to play a more prevalent role in global trade flows.<\/p>\n\n\n\n<p>The inclusion of Saudi Arabia, the world\u2019s largest oil exporter, alongside several of the largest energy producers, together with the developing world\u2019s biggest consumers, will give the bloc immense economic clout and with most of the world\u2019s energy trade taking place in dollars, the expansion could also enhance its ability to push more trade to alternative currencies.<\/p>\n\n\n\n<p>BRICS\u2019 members make heavy use of subsidies and offer state funds to local companies much more often than the rest of the world, which is a critical consideration because not every developing country can replicate this heavily subsidy-driven policy model.<\/p>\n\n\n\n<p>They rely on export bans at least half as much as other nations, preferring opaque licensing restrictions, export taxes and tax-based export incentives. At the same time, BRICS nations impose fewer barriers to trade, like increased import tariffs, quotas and licenses than other nations.<\/p>\n\n\n\n<p>These economic policy areas will be crucial considerations for governments thinking of launching free trade agreement talks with the BRICS nations, and the implications for the global economy are huge.<\/p>\n\n\n\n<p><strong>If you are considering alternative sourcing strategies, we can offer local assistance, with our local contacts and, with our proprietary technology, provide vendor management, together with full supply chain visibility.<\/strong><\/p>\n\n\n\n<p><strong>We have network partners across Asia and EMEA, to simplify trade with the bloc, while our fixed price and long-term capacity agreements with partner carriers will provide resilient and reliable supply chain solutions.<\/strong><\/p>\n\n\n\n<p><strong>Our cloud-based supply chain management platform, MVT, simplifies global trading expansion, by making every milestone, event and participant transparent and controllable, down to individual SKU level.<\/strong><\/p>\n\n\n\n<p><strong>To discuss how our experience, network and technology could support your global sourcing and trading, <\/strong><a href=\"mailto:Elliot.Carlile@metroshipping.co.uk\"><strong>EMAIL<\/strong><\/a><strong> Elliot Carlile.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fifteenth annual BRICS summit, attended by Brazil, Russia, India, China, and South Africa, took place in Johannesburg last week, with members committing to expansion, in a significant development, that will have a major impact on the global economy. The addition of six new members, including Saudi Arabia, Iran, Ethiopia, Egypt, Argentina, and the UAE, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":4780,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[],"class_list":["post-5584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-trade"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BRICS; irrelevant or irresistible - Metro<\/title>\n<meta name=\"description\" content=\"We have partners across Asia and EMEA, to simplify trade with BRICS, with fixed price and capacity, for resilient and reliable supply chains\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BRICS; irrelevant or irresistible - Metro\" \/>\n<meta property=\"og:description\" content=\"We have partners across Asia and EMEA, to simplify trade with BRICS, with fixed price and capacity, for resilient and reliable supply chains\" \/>\n<meta property=\"og:url\" content=\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/\" \/>\n<meta property=\"og:site_name\" content=\"Metro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MetroShippingLife\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-28T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-02T08:59:19+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-content\/uploads\/2024\/02\/BRICS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1125\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Kelly\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@MetroShipping\" \/>\n<meta name=\"twitter:site\" content=\"@MetroShipping\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Kelly\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/#article\",\"isPartOf\":{\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/\"},\"author\":{\"name\":\"Paul Kelly\",\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/person\/6cd6252b887c1bc070fc68624f421a98\"},\"headline\":\"BRICS; irrelevant or irresistible\",\"datePublished\":\"2023-08-28T00:00:00+00:00\",\"dateModified\":\"2024-02-02T08:59:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/\"},\"wordCount\":502,\"publisher\":{\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#organization\"},\"articleSection\":[\"International Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/\",\"url\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/\",\"name\":\"BRICS; irrelevant or irresistible - Metro\",\"isPartOf\":{\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#website\"},\"datePublished\":\"2023-08-28T00:00:00+00:00\",\"dateModified\":\"2024-02-02T08:59:19+00:00\",\"description\":\"We have partners across Asia and EMEA, to simplify trade with BRICS, with fixed price and capacity, for resilient and reliable supply chains\",\"breadcrumb\":{\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BRICS; irrelevant or irresistible\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#website\",\"url\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/\",\"name\":\"Metro\",\"description\":\"\",\"publisher\":{\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#organization\",\"name\":\"Metro\",\"url\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/logo\/image\/\",\"url\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-content\/uploads\/2024\/02\/metro-logo.png\",\"contentUrl\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-content\/uploads\/2024\/02\/metro-logo.png\",\"width\":2509,\"height\":404,\"caption\":\"Metro\"},\"image\":{\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/MetroShippingLife\/\",\"https:\/\/twitter.com\/MetroShipping\",\"http:\/\/www.linkedin.com\/company\/1950279\"]},{\"@type\":\"Person\",\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/person\/6cd6252b887c1bc070fc68624f421a98\",\"name\":\"Paul Kelly\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/417910118a0bd9757d743992c74ba5be60d6e1d50e55fdf6793bbf18f06196e8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/417910118a0bd9757d743992c74ba5be60d6e1d50e55fdf6793bbf18f06196e8?s=96&d=mm&r=g\",\"caption\":\"Paul Kelly\"},\"url\":\"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/author\/paul-kelly\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BRICS; irrelevant or irresistible - Metro","description":"We have partners across Asia and EMEA, to simplify trade with BRICS, with fixed price and capacity, for resilient and reliable supply chains","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"BRICS; irrelevant or irresistible - Metro","og_description":"We have partners across Asia and EMEA, to simplify trade with BRICS, with fixed price and capacity, for resilient and reliable supply chains","og_url":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/","og_site_name":"Metro","article_publisher":"https:\/\/www.facebook.com\/MetroShippingLife\/","article_published_time":"2023-08-28T00:00:00+00:00","article_modified_time":"2024-02-02T08:59:19+00:00","og_image":[{"width":1500,"height":1125,"url":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-content\/uploads\/2024\/02\/BRICS.jpg","type":"image\/jpeg"}],"author":"Paul Kelly","twitter_card":"summary_large_image","twitter_creator":"@MetroShipping","twitter_site":"@MetroShipping","twitter_misc":{"Written by":"Paul Kelly","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/#article","isPartOf":{"@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/"},"author":{"name":"Paul Kelly","@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/person\/6cd6252b887c1bc070fc68624f421a98"},"headline":"BRICS; irrelevant or irresistible","datePublished":"2023-08-28T00:00:00+00:00","dateModified":"2024-02-02T08:59:19+00:00","mainEntityOfPage":{"@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/"},"wordCount":502,"publisher":{"@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#organization"},"articleSection":["International Trade"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/","url":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/","name":"BRICS; irrelevant or irresistible - Metro","isPartOf":{"@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#website"},"datePublished":"2023-08-28T00:00:00+00:00","dateModified":"2024-02-02T08:59:19+00:00","description":"We have partners across Asia and EMEA, to simplify trade with BRICS, with fixed price and capacity, for resilient and reliable supply chains","breadcrumb":{"@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/brics-irrelevant-or-irresistible\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/bpddev2.uk\/clients2023\/metro\/"},{"@type":"ListItem","position":2,"name":"BRICS; irrelevant or irresistible"}]},{"@type":"WebSite","@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#website","url":"http:\/\/bpddev2.uk\/clients2023\/metro\/","name":"Metro","description":"","publisher":{"@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/bpddev2.uk\/clients2023\/metro\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#organization","name":"Metro","url":"http:\/\/bpddev2.uk\/clients2023\/metro\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/logo\/image\/","url":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-content\/uploads\/2024\/02\/metro-logo.png","contentUrl":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-content\/uploads\/2024\/02\/metro-logo.png","width":2509,"height":404,"caption":"Metro"},"image":{"@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/MetroShippingLife\/","https:\/\/twitter.com\/MetroShipping","http:\/\/www.linkedin.com\/company\/1950279"]},{"@type":"Person","@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/person\/6cd6252b887c1bc070fc68624f421a98","name":"Paul Kelly","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/bpddev2.uk\/clients2023\/metro\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/417910118a0bd9757d743992c74ba5be60d6e1d50e55fdf6793bbf18f06196e8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/417910118a0bd9757d743992c74ba5be60d6e1d50e55fdf6793bbf18f06196e8?s=96&d=mm&r=g","caption":"Paul Kelly"},"url":"http:\/\/bpddev2.uk\/clients2023\/metro\/news\/author\/paul-kelly\/"}]}},"_links":{"self":[{"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/posts\/5584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/comments?post=5584"}],"version-history":[{"count":1,"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/posts\/5584\/revisions"}],"predecessor-version":[{"id":6417,"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/posts\/5584\/revisions\/6417"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/media\/4780"}],"wp:attachment":[{"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/media?parent=5584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/categories?post=5584"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/bpddev2.uk\/clients2023\/metro\/wp-json\/wp\/v2\/tags?post=5584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}