BCC signed MoU with BRICS chamber to promote trade

BCC signed MoU with BRICS chamber to promote trade
Question: With whom the Bharat Chamber of Commerce signed a MoU to promote trade and investments?
(a) SAARC
(b) BRICS
(c) BISMTEC
(d) IBSA
Answer: (b)
Related Facts:
  • The Bharat Chamber of Commerce (BCC) signed a Memorandum of Understanding (MoU) with BRICS Chamber of Commerce and Industry for promoting trade and investments between BRICS countries and eastern part of India.
  • It was signed by Sitaram Sharma, BCC president and B B L Madhukar, BRICS Chamber of Commerce and Industry Director General.
  • The MoU will enable both the BCC and the BRICS chamber to share trade related information and exchange trade delegations among the five countries of the group.
  • BCC is looking forward to work closely with BRICS Chamber of Commerce to foster trade, industrial and technological cooperation between West Bengal and BRICS countries.

About BRICS:

  • BRICS is an association of five countries viz. Brazil, Russia, India, China and South Africa.
  • BRICS chamber of commerce and industry (CCI) is a parent organization which promotes commerce and industry in BRICS nations.

About BCC:

  • BCC was initially established in 1900 as the Marwari Chamber of Commerce in Calcutta.
  •  After independence, in 1949 Chamber re-christened itself as Bharat Chamber Commerce.
  • It works to expand economic and commercial activity via enhancement of efficiency and competition at all levels.

Links:

https://www.business-standard.com/article/pti-stories/bcc-signs-mou-with-brics-chamber-to-promote-trade-119070901240_1.html

http://bharatchamber.com/history.html

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