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21/07/2021 12:21pm

BRICS trade minister to meet in Sept to take forward India's proposals on trade

image BRICS trade minister to meet in Sept to take forward India's proposals on trade

New Delhi, Jul 21 (KNN) Trade ministers of five BRICS countries will meet in September to take forward a set of proposals by India to strengthen and increase the Intra-BRICS cooperation and trade.

According to an official statement on Tuesday, Commerce and Industries Minister Piyush Goyal will chair the September 3 meeting.

''BRICS (Brazil, Russia, India, China & South Africa) members agreed to take forward India’s proposals to finalise them before the BRICS Trade Ministers meeting to be held on 3 September 2021, to be chaired by Piyush Goyal,'' the Commerce and Industry Minister said.

The proposals aim to deepen trade and economic ties.

These proposals are, BRICS Cooperation on Multilateral Trading System; BRICS framework for ensuring Consumer Protection in E-Commerce; Non-Tariff Measures resolution mechanism for SPS/TBT measures; Sanitary and Phytosanitary working Mechanism; BRICS Framework on Cooperation in Professional Services, the plan also covers a framework for cooperation on the protection of genetic resources, traditional knowledge and cultural expressions.

India circulated its proposals at a meeting last week of the BRICS Contact Group on economic and trade issues.

India will also hold a BRICS trade fair and virtual buyer and seller meet on 16-18 August to deepen trade and economic ties.

India heads the BRICS grouping for the year 2021.


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