7th Meeting of BRICS Trade Ministers held in Shanghai
August 3rd, 2017
The 7th Meeting of BRICS Trade Ministers was held in Shanghai, China. A six-member delegation led by Commerce and Industry Minister Smt. Nirmala Sitharaman. Mr. Zhong Shan, Minister of Commerce from China, presided over the meetings. The other delegations were represented by Mr. Rob Davies, Minister of Trade and Industry (South Africa), Mr. Marcelo Maia Tavares de Araujo, Secretary of Commerce and Services of Ministry of Industry (Brazil) and Mr Maxim Oreshkin, Minister of Economic Development (Russia). Sitharaman discussed with her Chinese counterpart, Zhong Shan, the trade deficit in India-China bilateral trade which stands at $51 billion for 2016-17 from the $71.48 billion bilateral trade between the two countries.
The Ministers adopted the following documents at the conclusion of the meeting:
- 7th BRICS Trade Ministers’ Joint Statement
- BRICS Trade in Services Cooperation Roadmap
- BRICS E-Commerce Cooperation Initiative
- BRICS IPR Cooperation Guidelines
- Framework on strengthening the Economic and Technical Cooperation of BRICS Countries
- Terms of Reference (ToR) of BRICS Model E-Port Network
- Outlines for BRICS Investment Facilitation