October 13, 2016 8:24 PM

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BRICS trade ministers calls for greater cooperation on e-commerce

BRICS trade ministers have called for greater cooperation on e-commerce among the member nations.The five-nation grouping comprises – Brazil, Russia, India, China and South Africa. A joint communique issued after the meeting of the BRICS Trade Ministers in New Delhi today, highlighted the importance of facilitating expansion of trade in services by addressing existing barriers.<br/><br/>The ministers also acknowledged the role of MSMEs as the engines of export led growth and employment generation. With a view to ensure greater business engagement amongst MSMEs in the BRICS region, the ministers underlined the importance of developing cooperation among MSMEs in the crucial areas of trade and investment. <br/><br/>The Ministers endorsed the Framework for BRICS Single Window Cooperation and underlined the importance of closer cooperation among them in the development of their national single windows. The trade ministers meeting made an assessment of the BRICS economic scenario in relation to areas of cooperation on trade and investment.

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