On the anvil: BRICS Framework on Cooperation in Professional Services
The BRICS Contact Group on Economic and Trade Issues (CGETI) has proposed deliverables, one of which is ‘BRICS Cooperation on Multilateral Trading system including cooperation for the TRIPS Waiver proposal at WTO’.
The other deliverables are Action plan based on the document “Strategy for BRICS Economic Partnership 2025” adopted during Russian Presidency in 2020, Framework for Consumer Protection in E-Commerce and Non-Tariff Measures (NTM) Resolution Mechanism, Sanitary and Phyto-Sanitary (SPS) Working Mechanism, Cooperation framework for protection of Genetic Resources and Traditional Knowledge, BRICS Framework on Cooperation in Professional Services.
These were announced on 12 Mar 2021 at the CGETI leads’ first meeting under India’s Chairship from 9-11 March 2021. The theme of BRICS this year was ‘BRICS@15: Intra BRICS Cooperation for Continuity, Consolidation, and Consensus’.
India 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.
This was followed by a series of presentations, scheduled in separate sessions, made by the concerned Departments of the Government of India on the proposed deliverables during India’s Chairship under the BRICS CGETI track.
Each of these sessions were followed by detailed feedback sessions, said the Indian Commerce and Industry Ministry.
The BRICS partners appreciated the activities planned by India, being timely and relevant in the current context and expressed their support for working together on the various initiatives proposed by India.
From now on till September 2021, inter sessional deliberations will be carried out to reach a consensus amongst the BRICS countries.
The BRICS officers tasked with CGETI would continue the work for the 27th official level CGETI meeting to be held in June 2021. #banking #investment #exports #manufacturing #WTO /fiinews.com
