India has chaired the BRICS (Brazil, Russia, India, China & South Africa) meeting on Contact Group on Economic and Trade issues for the year 2021.
Daily Current Affairs Quiz 2021
The Contact Group on Economic and Trade Issues (CGETI) is responsible for economic and trade matters. The Department of Commerce is the national coordinator for the BRICS CGETI.
the BRICS Members deliberated on the following proposals circulated by India, for strengthening and increasing the Intra-BRICS cooperation and trade:
- BRICS Cooperation on Multilateral Trading System;
- BRICS Framework for ensuring Consumer Protection in E-Commerce;
- Non-Tariff Measures (NTM) Resolution Mechanism for SPS/TBT Measures;
- Sanitary and Phytosanitary (SPS) Working Mechanism;
- Cooperation framework for protection of Genetic Resources, Traditional Knowledge and Traditional Cultural Expressions;
- BRICS Framework on Cooperation in Professional Services.
