India to chair BRICS commerce honest, MSME roundtable assembly to strengthen financial ties

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NEW DELHI:  BRICS (Brazil, Russia, India, China and South Africa) members have agreed to carry a commerce honest present, roundtable assembly of MSMEs and two workshops on providers commerce statistics to additional strengthen financial ties.

A BRICS commerce honest will probably be held from August 16-18; roundtable on July 22 and the workshops will probably be held on July 16 and August 13, the commerce ministry mentioned in a press release on Tuesday. “To deepen and strengthen the commerce and financial system, following occasions proposed by India had been agreed by the BRICS Members,” it mentioned.

It additionally mentioned that of the assorted teams of BRICS, the Contact Group on Financial and Commerce Points (CGETI) is accountable for financial and commerce issues. Assembly of the CGETI was held from July 12-14. In the course of the three-day assembly, members deliberated on sure proposals circulated by India.

These proposals included BRICS Cooperation on Multilateral Buying and selling System; BRICS Framework for making certain Shopper Safety in E-Commerce; Non-Tariff Measures Decision Mechanism; Cooperation framework for defense of Genetic Assets, Conventional Data and Conventional Cultural Expressions.

“BRICS Members agreed to take ahead India’s proposals to finalise them earlier than the BRICS Commerce Ministers assembly to be held on 3 September 2021, to be chaired by Piyush Goyal, the Commerce and Trade Minister,” it added.

India is the BRICS chair for 2021.

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