BRICS hold first meeting of contact group on economic, trade issues

March 12, 2021 | Updated 1:56 pm

BRICS hold first meeting of contact group on economic, trade issues India’s BRICS Sherpa Sanjay Bhattacharyya hosted the ambassadors of BRICS countries (Picture Courtesy: MEA twitter handle)

The BRICS’ Contact Group on Economic and Trade Issues (CGETI) held its first meeting from March 9-11, 2021 under the chairmanship of India. India on Thursday (March 11) briefed the fellow nations– Brazil, Russia, China and South Africa about its priorities and agendas for this year.

Secretary (CPV & OIA), India’s BRICS Sherpa Sanjay Bhattacharyya hosted the ambassadors of BRICS countries in India for lunch on Thursday and briefed them about India’s BRICS Chairship’s Priorities and calendar, spokesperson of Ministry of External Affairs Anurag Srivastava tweeted.

Indian officials presented the calendar of events for BRICS CGETI 2021, which included the priority areas for deliverables, schedule and scope of the MSME roundtable conference workshop on Services Statistics, and the BRICS Trade Fair.

During the meeting, a series of presentations, scheduled in separate sessions, were made by the concerned Departments of the Indian government on the proposed deliverables under the BRICS CGETI track.

According to the official release, the deliverables proposed are on (i) Action plan based on the document “Strategy for BRICS Economic Partnership 2025” adopted during Russian Presidency in 2020 (ii) BRICS Cooperation on Multilateral Trading system including cooperation for the TRIPS Waiver proposal at WTO; (iii) Framework for Consumer Protection in E-Commerce; (iv) Non-Tariff Measures (NTM) Resolution Mechanism; (v) Sanitary and Phyto-Sanitary (SPS) Working Mechanism; (vi) Co-operation framework for the protection of Genetic Resources and Traditional Knowledge; (vii) BRICS Framework on Co-operation in Professional Services. Each of these sessions was followed by a detailed feedback session.

The BRICS partners expressed their support in working together on the various initiatives proposed by India. According to the calendar, from March till September 2021, inter-sessional deliberations will be carried out to reach a consensus on various issues amongst the BRICS countries. The BRICS officers who are with CGETI added that they will continue the work for the 27th official level CGETI meeting, scheduled in June 2021.