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BRICS want to protect the flexibility in TRIPS and support the UN's High-Level Panel on Access to Medicines.
Agbiz expects the rate of food inflation to decrease significantly, especially from the third quarter onward.
Both agree on the importance of free trade and globalization, and strongly oppose protectionist policies.
BRICS members should exert maximum effort to maintain the openness of global economies, China says.
"The Russian economy is now recovering after a nearly two-year-long recession," the ratings agency says.
Currencies and stocks also gained in most of the tracked 26 emerging economies.
Trump's pledge to increase infrastructure spending and lower corporate taxes, has renewed Q4's rally.
India has urgently sought to establish an international credit rating agency to offset biased agendas.
Most are banking on covering capital spending and dividend payouts given prices are at $50 to $55 a barrel.
