1st Meeting of “BRICS Contact Group on Economic and Trade Issues”

1st Meeting of “BRICS Contact Group on Economic and Trade Issues”

Question: Consider the following statements about 1st Meeting of “BRICS Contact Group on Economic and Trade Issues”( BRICS CGETI 2021)
i) It was held under India’s Chairship from 9-11 March 2021.
ii) The theme of BRICS this year is -“BRICS@15: Intra BRICS Cooperation for Continuity, Consolidation, and Consensus”.
Which of the above are correct
a) i
b)ii
c)i and ii
d) none
Ans: c
Facts

  • India, under its Chairship in 2021, 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.

The deliverables proposed are as follows:

  • Action plan on the basis of document “Strategy for BRICS Economic Partnership 2025” which was adopted during Russian Presidency in 2020.
  • BRICS Cooperation on Multilateral Trading system such as cooperation for Trade-Related Aspects of Intellectual Property Rights ( TRIPS ) Waiver proposal at World Trade Organisation (WTO).
  • Framework for Consumer Protection in the E-Commerce
  • Non-Tariff Measures Resolution Mechanism
  • Sanitary and Phytosanitary Working Mechanism
  • Co-operation framework for protection of Genetic Resources & Traditional Knowledge
  • BRICS Framework on the Co-operation in Professional Services.

BRICS 2021 –13th BRICS Summit

  • BRICS 2021 or the 13th BRICS Summit will be held under the chair ship of India under the theme ‘BRICS @ 15: Intra-BRICS Cooperation for Continuity, Consolidation and Consensus.’

By kameshwar shukla

Reference: http://ddnews.gov.in/business/first-meeting-brics-contact-group-economic-and-trade-issues-held#:~:text=The%20BRICS%20Contact%20Group%20on,%2C%20Consolidation%2C%20and%20Consensus%E2%80%9D.