Last week’s BRICS declaration focused on a commitment to trade liberalization and support for the WTO but did not yield any new trade deal processes. That’s not a surprise given China and India are both embroiled in RCEP negotiations while India remains committed to its “Make in India” import duties. India is the most important trade partner for China within the BRICS group having accounted for 44% of China’s exports to the group in the 12 months to February 28. All three of the top product lines exported, including telecom network components ($6 billion or 9% of China’s exports to In...