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View all search resultsIndonesia also agreed to remove local content requirements for US firms, recognize US standards for vehicle and medical products, drop onerous licensing on US farm goods while recognizing US regulatory oversight and lift labeling and pre-shipment inspection mandates.
Experts and analysts gathering at the BRICS forum on think tanks and the media in the Brazilian city of Rio de Janeiro late last week applauded the club of 11 emerging nations, including Brazil, Russia, India, China and South Africa, for its ability to remain united and claimed that its consensus-based decision-making process could be a saving grace in a world that is becoming more conflicted.
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