Geneva - The seven major emerging economies should fight against protectionism and further liberalize their economies and trade policy, the Organisation for Economic Cooperation and Development (OECD) said in a report released Thursday.
Brazil, Russia, India, Indonesia, China and South Africa - known collectively as the BRIICS - have reduced many barriers to trade in the last two decades but, the report said, still have more work to do on the "second generation" of reforms, including reducing import tariffs.