The so called Brics countries - Brazil, Russia, India, China and South Africa - have vowed to forge closer trade ties at the end of their annual summit in Goa.
Leaders approved a raft of measures in Goa including a promise to better fight tax evasion. They also agreed to set up a new credit ratings agency.
Earlier, China's President Xi warned that anti-globalisation and increasing protectionism was putting the world economy at risk.
"The global economic recovery remains fragile. Global tra…
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