For the year 2021, India is the Chair of the BRICS (Brazil, Russia, India, China & South Africa). Of the various groups of BRICS, 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.
Meeting of the CGETI was held from 12-14 July 2021.During the three day meeting, the BRICS Members deliberated on the following proposals passed by India, for strengthening and increasing the Intra-BRICS cooperation and trade:
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BRICS Cooperation on Multilateral Trading System;
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BRICS Framework for ensuring Consumer Protection in E-Commerce;
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Non-Tariff Measures (NTM) Resolution Mechanism for SPS/TBT Measures;
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Sanitary and Phytosanitary (SPS) Working Mechanism;
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Cooperation framework for protection of Genetic Resources, Traditional Knowledge and Traditional Cultural Expressions;
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BRICS Framework on Cooperation in Professional Services.
BRICS Members reached a consensus to take forward India’s proposals and finalise them before the BRICS Trade Minister’s meeting which is scheduled to be held on 3 September 2021, to be chaired by Shri Piyush Goyal, the Commerce and Industry Minister.