WHY IN NEWS?

From 12 to 14 July, 2021 the BRICS meeting on Contact Group on Economic and Trade Issues (CGETI) was held.

About:

• During the three day CGETI meeting, the BRICS members deliberated on the proposals which were circulated by India. These proposals were mainly for increasing and strengthening the intra-BRICS trade and cooperation was said by the Ministry of Commerce and Industry.

Proposals made by India

The proposals put forward by India are

• Cooperation of BRICS regarding Multilateral Trading System.
• A framework to ensure Consumer Protection in E-Commerce.
• For SPS/TBT measures, Non-Tariff Measures resolution mechanism.
• Working Mechanism on Phytosanitary and Sanitary.
• A Framework of BRICS regarding Cooperation in the Professional Services.