BRICS trade ministers meet in India's Jaipur; Indonesia calls for WTO reform and rules-based trade as the bloc positions on global tariff tensions
The BRICS Trade and Investment Ministers met in Jaipur, India around August 7-8 with Indonesia's Trade Minister Budi Santoso calling for a rules-based trading system to strengthen micro, small and medium-sized enterprises, urging BRICS members to deepen cooperation on supply chains and digital trade, and backing reforms to keep the World Trade Organization central; Indonesia endorsed the meeting's outcome document on behalf of the bloc
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Summary
[[India]], holding the BRICS chair in 2026, hosted the bloc's Trade and Investment Ministers in Jaipur around August 7-8. [[Indonesia]]'s Trade Minister Budi Santoso used the meeting to push for a rules-based trading system designed to help micro, small and medium-sized enterprises compete globally, urged BRICS members to deepen cooperation as the global trade landscape shifts, and backed reforms that keep the World Trade Organization central rather than bypass it. Indonesia endorsed the Jaipur meeting's outcome document, which covers initiatives on MSMEs, supply chains, and digital trade. Coverage in the crawl feed is entirely from Indonesian state and independent outlets, with no other BRICS member perspectives yet confirmed.
Why it matters
With the United States applying broad tariffs and the WTO's dispute mechanism under strain, the BRICS trade ministers' meeting is a test of whether the bloc can coordinate a trade agenda. Indonesia's explicit support for keeping the WTO central, rather than building a rival BRICS trade framework, signals that not all members want to accelerate a break from the existing multilateral rules system.
What to watch
- Whether other BRICS members endorse the same WTO-reform language or push harder for a bloc-led alternative
- How the Jaipur outcome feeds into India's BRICS summit agenda for later in 2026
- Whether Indonesia's participation shapes its position in other trade forums including CPTPP and ASEAN-linked agreements