Economy

India to host BRICS biz forum, council, trade fair

Our Bureau New Delhi | Updated on January 16, 2018 Published on October 03, 2016

Trade Ministers from the five BRICS countries — Brazil, Russia, India, China, South Africa — will be in New Delhi later this month to participate in the BRICS Business Forum and discuss economic engagement in the region.

The BRICS Business Council will also be simultaneously held in New Delhi on October 13-14, while the first BRICS trade fair, focussing on 20 key sectors, will be hosted in Goa.

“The seven working groups in the areas of infrastructure, manufacturing, financial services, energy, green economy, skills development, agribusiness and deregulation, that have been formed under the BRICS Business Council, will engage in interactions with a view to better understand the market opportunities and build synergies,” an official release said.

Intra-BRICS trade increased to $297 billion in 2014 from $281.4 billion in 2012.

A major agenda of the grouping is to reform the global governance architecture which is yet to reflect the changing global scenario where the emerging economies are playing a larger role, the statement added.

Published on October 03, 2016
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