Here’s what to expect from next week’s BRICS summit
Next week’s BRICS meeting is set to discuss options for creating new customs cooperation initiatives which could pave the way for integration between the BRICS, the Eurasian Economic Union and the overarching goals of One Belt–One Road.
Russia which is a core member of both organisations currently operates a customs union within the single market of the Eurasian Economic Union (EAEU), a bloc which includes Armenia, Belarus, Kyrgyzstan, Kazakhstan and Russia. Indonesia has recently been in talks to either join the EAEU or develop a customs deal with the bloc.