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BRICS Contact Group on Economic and Trade Issues (CGETI)

  • IASbaba
  • March 15, 2021
  • 0
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BRICS Contact Group on Economic and Trade Issues (CGETI)

Part of: GS Prelims and GS – II – International Relations

In news

  • The BRICS Contact Group on Economic and Trade Issues (CGETI) held their first meeting under India’s Chairship from 9-11 March 2021.

Key takeaways 

  • Theme: BRICS@15: Intra BRICS Cooperation for Continuity, Consolidation, and Consensus.
  • The deliverables proposed are on: (1) BRICS Cooperation on Multilateral Trading system including cooperation for the TRIPS Waiver proposal at WTO; (2) Framework for Consumer Protection in E-Commerce; (3) Non-Tariff Measures (NTM) Resolution Mechanism; (4) Sanitary and Phyto-Sanitary (SPS) etc.
  • BRICS is the acronym for five nations: Brazil, Russia, India, China, and South Africa.

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