Information Bulletin of the BRICS Trade Union Forum
Issue 35.2021
2021.08.30 — 2021.09.05
International relations
Foreign policy in the context of BRICS
India Says BRICS Nations Can Play Leading Role in Achieving 2030 SDG Goals (Индия заявляет, что страны БРИКС могут сыграть ведущую роль в достижении ЦУР на период до 2030 года) / India, August, 2021
Keywords: sustainable_development
2021-08-30
2021-08-30
India
Source: www.business-standard.com
Agriculture Minister Narendra Singh Tomar said BRICS nations are capable of playing a leading role in achieving the 2030 Sustainable Development Goals (SDG) of eradicating hunger and poverty.
Tomar, who chaired the 11th Meeting of BRICS Agriculture Ministers virtually, shared efforts taken by India in preserving the agro-biodiversity and for promoting diversification of the agri-food system.
He said the BRICS Agricultural Research Platform has been created to promote cooperation in agricultural research and innovations, and its implementation has been started.
In his opening remark, Tomar said, "BRICS countries are well-positioned to take a leading role in helping to achieve the objectives of the 2030 SDGs (sustainable development goals) to eradicate hunger and poverty."
By increasing agri-production and increasing the income of farmers, the problem of income inequality and food price volatility can be overcome, he added. To preserve agro-biodiversity, the minister said India has set up national gene banks for plants, animals, fish, insects and agriculturally important microorganisms, an official statement said.
Programmes on pulses, oilseeds, horticultural crops, and the recently launched National Palm Oil Mission are implemented to promote diversification of agri-food systems, he added.
Tomar further said India is focusing on capacity building in research, teaching, policy making, trade and farming of nutritious cereals, which will benefit the farmers while conserving the diversity available in this group of crops.
In the meeting, agriculture ministers of BRICS nations acknowledged the strong agricultural research base in the member countries. They also acknowledged the need to harness and share knowledge, facilitate the transfer of technologies from lab to land to provide improved solutions for enhanced productivity, especially in the face of climate change.
They stressed the need to maintain agrobiodiversity and ensure sustainable use of natural resources.
On BRICS Agriculture Research Platform developed by India, Tomar said this will promote cooperation in the areas of agricultural research, extension, technology transfer, training and capacity building.
After the meeting, a joint declaration and the Action Plan for 2021-24 for agricultural cooperation of BRICS countries and BRICS Agriculture Research Platform were adopted.
The Action Plan for 2021-24 provides for enhanced cooperation in agriculture among BRICS nations and focuses on the themes of food security, welfare of farmers, and conservation of agrobiodiversity, among others.
'Conservation and promotion of agrobiodiversity for nutrition and sustainability' was proposed as a focus area for collaboration in the Action Plan 2021-2024.
Source: www.business-standard.com
Agriculture Minister Narendra Singh Tomar said BRICS nations are capable of playing a leading role in achieving the 2030 Sustainable Development Goals (SDG) of eradicating hunger and poverty.
Tomar, who chaired the 11th Meeting of BRICS Agriculture Ministers virtually, shared efforts taken by India in preserving the agro-biodiversity and for promoting diversification of the agri-food system.
He said the BRICS Agricultural Research Platform has been created to promote cooperation in agricultural research and innovations, and its implementation has been started.
In his opening remark, Tomar said, "BRICS countries are well-positioned to take a leading role in helping to achieve the objectives of the 2030 SDGs (sustainable development goals) to eradicate hunger and poverty."
By increasing agri-production and increasing the income of farmers, the problem of income inequality and food price volatility can be overcome, he added. To preserve agro-biodiversity, the minister said India has set up national gene banks for plants, animals, fish, insects and agriculturally important microorganisms, an official statement said.
Programmes on pulses, oilseeds, horticultural crops, and the recently launched National Palm Oil Mission are implemented to promote diversification of agri-food systems, he added.
Tomar further said India is focusing on capacity building in research, teaching, policy making, trade and farming of nutritious cereals, which will benefit the farmers while conserving the diversity available in this group of crops.
In the meeting, agriculture ministers of BRICS nations acknowledged the strong agricultural research base in the member countries. They also acknowledged the need to harness and share knowledge, facilitate the transfer of technologies from lab to land to provide improved solutions for enhanced productivity, especially in the face of climate change.
They stressed the need to maintain agrobiodiversity and ensure sustainable use of natural resources.
On BRICS Agriculture Research Platform developed by India, Tomar said this will promote cooperation in the areas of agricultural research, extension, technology transfer, training and capacity building.
After the meeting, a joint declaration and the Action Plan for 2021-24 for agricultural cooperation of BRICS countries and BRICS Agriculture Research Platform were adopted.
The Action Plan for 2021-24 provides for enhanced cooperation in agriculture among BRICS nations and focuses on the themes of food security, welfare of farmers, and conservation of agrobiodiversity, among others.
'Conservation and promotion of agrobiodiversity for nutrition and sustainability' was proposed as a focus area for collaboration in the Action Plan 2021-2024.
Investment and Finance
Investment and finance in BRICS
Statement for BRICS Cooperation on the Multilateral Trading System (Заявление о сотрудничестве БРИКС в рамках многосторонней торговой системы) / India, September, 2021
Keywords: trade_relations, concluded_agreements
2021-09-02
2021-09-02
India
Source: brics2021.gov.in
1 Statement for BRICS Cooperation on the Multilateral Trading System 1. Reaffirming the support of BRICS member countries for a rules based, transparent, equitable, open, inclusive and non-discriminatory multilateral trading system, as embodied in the World Trade Organization (WTO);
2. Emphasizing the importance of an effectively functioning WTO with all the WTO members abiding by the WTO rules and complying with their WTO commitments;
3. Expressing our willingness to engage constructively in the work aimed at improving the functioning of the WTO, including the necessary WTO reform to cover all its three key functions, namely negotiating, monitoring, and dispute settlement, as well as constructively cooperating in exploring multilateral solutions to the systemic challenges facing the WTO;
We hereby declare the following:
4. We call on all WTO members to work together to ensure that the WTO continues to play a central role in rule-making for global trade and in promoting predictability, stability and certainty in the international trade. It is critical that all WTO Members avoid unilateral and protectionist measures that run counter to the spirit and rules of the WTO.
5. Given the present crisis on account of the impact of COVID-19 pandemic worldwide and the need for its immediate mitigation we are committed to working together to strengthen a non-discriminatory rules-based global environment for the expansion of international cooperation on the COVID-19 health production and technologies. We urge all the WTO members to work proactively towards the early conclusion of text-based discussions of the TRIPS waiver proposal which is based on the balance between the interests of manufacturers of the pharmaceutical products and public health as it is stipulated in WTO Doha Declaration on TRIPS Agreement and Public health. We also call on comprehensive outcomes aimed at improving transparency and monitoring, advancing facilitation and enhancing collaboration and cooperation on COVID- 2 19. We are also committed to take appropriate measures to improve global access to medical products and technologies including vaccines, diagnostics, and therapeutics. In this regard, we agree to strive to achieve multilateral outcome on this issue at the MC12.
6. We support a balanced, progressive, and inclusive WTO reform agenda that is aimed at strengthening resilience, efficacy, and authority of the organization. The reform must, inter alia, ensure the ability of the organisation for the promotion of inclusive economic growth, development, and fair competition for international trade. We urge preservation of the centrality, core values and fundamental principles of the multilateral trading system, as well as the interests of all members of the organization, while respecting all the commitments undertaken. We recognize that special and differential treatment is a tool to facilitate the achievement of WTO objectives with respect to economic growth and development.
7. We recognize that restoration of the normal functioning of the Appellate Body is of foremost priority for ensuring that the rules made at the WTO are enforced promptly providing security and predictability to the multilateral trading system. We believe that an independent, automatic, binding two-tier multilateral disputes settlement system is crucial for the WTO and call upon the swift launching of the selection process of the AB members. We also support urgent launch of substantive discussions in Geneva aimed to achieve multilaterally agreed solutions to recover full functionality of the system.
8. The reform process should, inter alia, deliver on issues under discussion in agriculture and contribute towards trust building among members and strengthening of the multilateral trading system.
9. We underscore the significance of the ongoing WTO negotiations on fisheries subsidies and urge all WTO members to continue working towards achieving meaningful outcomes in the fisheries subsidies negotiations by MC12. We further recognize that appropriate and effective special and differential treatment for developing country members including LDCs should be an integral part of these 3 negotiations, as mandated by the WTO Ministerial Decision of 2017 and SDG 14.6.
10. Taking note of the ongoing work on issues in the WTO, we emphasize the need for WTO Members to work constructively to achieve multilateral outcomes.
11. We underline that all measures taken to tackle climate change must be designed, adopted, and implemented in full conformity with the WTO Agreements and must not constitute a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade. 12. We express our common intention to work constructively with other WTO Members with a view to achieve tangible, realistic, and meaningful outcomes at MC
12. The success of MC 12 can enhance the authority and efficacy of WTO, building trust among the WTO Members and enabling WTO to contribute towards improving the global economic governance and better respond to the interests of all Members. *****
Source: brics2021.gov.in
1 Statement for BRICS Cooperation on the Multilateral Trading System 1. Reaffirming the support of BRICS member countries for a rules based, transparent, equitable, open, inclusive and non-discriminatory multilateral trading system, as embodied in the World Trade Organization (WTO);
2. Emphasizing the importance of an effectively functioning WTO with all the WTO members abiding by the WTO rules and complying with their WTO commitments;
3. Expressing our willingness to engage constructively in the work aimed at improving the functioning of the WTO, including the necessary WTO reform to cover all its three key functions, namely negotiating, monitoring, and dispute settlement, as well as constructively cooperating in exploring multilateral solutions to the systemic challenges facing the WTO;
We hereby declare the following:
4. We call on all WTO members to work together to ensure that the WTO continues to play a central role in rule-making for global trade and in promoting predictability, stability and certainty in the international trade. It is critical that all WTO Members avoid unilateral and protectionist measures that run counter to the spirit and rules of the WTO.
5. Given the present crisis on account of the impact of COVID-19 pandemic worldwide and the need for its immediate mitigation we are committed to working together to strengthen a non-discriminatory rules-based global environment for the expansion of international cooperation on the COVID-19 health production and technologies. We urge all the WTO members to work proactively towards the early conclusion of text-based discussions of the TRIPS waiver proposal which is based on the balance between the interests of manufacturers of the pharmaceutical products and public health as it is stipulated in WTO Doha Declaration on TRIPS Agreement and Public health. We also call on comprehensive outcomes aimed at improving transparency and monitoring, advancing facilitation and enhancing collaboration and cooperation on COVID- 2 19. We are also committed to take appropriate measures to improve global access to medical products and technologies including vaccines, diagnostics, and therapeutics. In this regard, we agree to strive to achieve multilateral outcome on this issue at the MC12.
6. We support a balanced, progressive, and inclusive WTO reform agenda that is aimed at strengthening resilience, efficacy, and authority of the organization. The reform must, inter alia, ensure the ability of the organisation for the promotion of inclusive economic growth, development, and fair competition for international trade. We urge preservation of the centrality, core values and fundamental principles of the multilateral trading system, as well as the interests of all members of the organization, while respecting all the commitments undertaken. We recognize that special and differential treatment is a tool to facilitate the achievement of WTO objectives with respect to economic growth and development.
7. We recognize that restoration of the normal functioning of the Appellate Body is of foremost priority for ensuring that the rules made at the WTO are enforced promptly providing security and predictability to the multilateral trading system. We believe that an independent, automatic, binding two-tier multilateral disputes settlement system is crucial for the WTO and call upon the swift launching of the selection process of the AB members. We also support urgent launch of substantive discussions in Geneva aimed to achieve multilaterally agreed solutions to recover full functionality of the system.
8. The reform process should, inter alia, deliver on issues under discussion in agriculture and contribute towards trust building among members and strengthening of the multilateral trading system.
9. We underscore the significance of the ongoing WTO negotiations on fisheries subsidies and urge all WTO members to continue working towards achieving meaningful outcomes in the fisheries subsidies negotiations by MC12. We further recognize that appropriate and effective special and differential treatment for developing country members including LDCs should be an integral part of these 3 negotiations, as mandated by the WTO Ministerial Decision of 2017 and SDG 14.6.
10. Taking note of the ongoing work on issues in the WTO, we emphasize the need for WTO Members to work constructively to achieve multilateral outcomes.
11. We underline that all measures taken to tackle climate change must be designed, adopted, and implemented in full conformity with the WTO Agreements and must not constitute a means of arbitrary or unjustifiable discrimination or a disguised restriction on international trade. 12. We express our common intention to work constructively with other WTO Members with a view to achieve tangible, realistic, and meaningful outcomes at MC
12. The success of MC 12 can enhance the authority and efficacy of WTO, building trust among the WTO Members and enabling WTO to contribute towards improving the global economic governance and better respond to the interests of all Members. *****
Framework for ensuring consumer protection in e-commerce (Рамки для обеспечения защиты потребителей в электронной коммерции) / India, September, 2021
Keywords: economic_challenges, off_docs
2021-09-03
2021-09-03
India
Source: brics2021.gov.in
BRICS countries, as emerging developing countries, are playing an increasingly important role in global e-commerce development. E-commerce is helping to promote growth in trade, industrial transformation and upgrading technologies, and is becoming one of the most dynamic and promising economic activities throughout BRICS countries. It creates new employment opportunities, helps BRICS countries fit into the global value chain, brings significant economic and social opportunities, and increasingly becomes a new engine for development. There are, however, challenges including low awareness of e-commerce opportunities, the complexity of cross-border payments and a lack of trust in ecommerce. There is a need to ensure that there is transparent and effective protection of consumers, fair business conditions, advertising and marketing practices, online information disclosures relating to the business, information about the goods, services, information about the transaction, etc. Further, there is a requirement for an effective dispute resolution and redressal system to look into consumer complaints. Adequate safeguards and measures are needed to ensure privacy and security of the consumers. Lastly, owing to the digital divide and concerns of access to technology and internet, the importance of education and awareness on e-commerce related issues cannot be over emphasized.
The BRICS nations, in the Moscow Declaration 2020, recognised the role of the digital economy as an important tool for modernization and transformation of the industry, promotion of inclusive economic growth, support of seamless global trade and business conduct, thus helping BRICS economies meet their Sustainable Development Goals. At the same time, BRICS countries 2 acknowledged the challenges arising from the unprecedented growth of digital technologies and e-commerce, and emphasized the need for a dedicated focus on overcoming the digital divide and to support developing countries to address its socio-economic implications. In the context of accelerated development of the ecommerce sector and increased volume of online transactions worldwide, the BRICS nations resolved to enhance cooperation through the BRICS E-commerce Working Group. The BRICS nations recognized the potential for establishing a workstream to examine the experience of BRICS and other countries, as well as international associations in the field of consumer protection in e-commerce and create a basis for exploring the development of a practical framework for ensuring consumer protection in the BRICS countries, including through pilot projects and initiatives.
The level of consumer protection varies depending on country specific circumstances, but a minimum level of consumer protection addressing the specificities of e-commerce transactions could increase the confidence of consumers in e-commerce and promote its increased acceptance.
This can be operationalized through a framework to facilitate communication, cooperation, development and enforcement of joint initiatives, wherever appropriate, amongst the BRICS nations and relevant stakeholders. In this regard, the Members may note and refer to the UN Guidelines for Consumer Protection, adopted in the General Assembly in 2015, which are a valuable set of principles that set out the main characteristics of effective consumer protection legislation, enforcement institutions and redress systems. Further, as indicated by UNCTAD's Global Cyberlaw Tracker, among the four major areas of ecommerce related legislations, i.e. e-transaction, consumer protection, privacy and data protection and cyber security, consumer protection is an area where 3
BRICS countries could consider increasing efforts to complete their legal framework. Given the fast-evolving nature of e-commerce, the BRICS countries may exchange best practices on how their regulatory frameworks are adapting to new challenges in this segment. Member countries may also consider elaborating on steps undertaken by them to address issues of consumer protection, and at the same time, control the sale of counterfeit products, catalogue rogue/fake portals and adopt appropriate measures for supporting offline retailers and neighbourhood stores.
In light of the above, BRICS Countries agree to a framework for ensuring consumer protection in e-commerce amongst BRICS Members as follows:
Declaration on Framework for Consumer Protection in E-commerce
Recognising the role of e-commerce as an important instrument for modernization and transformation of the industry, promotion of inclusive economic growth, seamless global trade and business conduct, and thus helping meet the Sustainable Development Goals;
Noting that e-commerce has become one of the most dynamic and promising economic activities throughout the BRICS countries;
Noting further that the growing economic significance of e-commerce in helping promote growth in trade, industrial transformation and upgradation, and also in creating new employment opportunities, and enable BRICS countries to fit into the global value chain;
Acknowledging the challenges relating to low awareness of e-commerce opportunities, the complexity of cross-border payments and redressal mechanism for consumers and a lack of trust in e-commerce among consumers;
Recalling that as per UNCTAD's Global Cyberlaw Tracker, among the four major areas of e-commerce related legislations, viz., e-transaction, consumer protection, privacy and data protection, and cyber information security, BRICS Members can increase efforts to augment their legal framework;
Understanding that owing to the digital divide and an issue of access to technology and internet, the level of consumer protection may vary among BRICS Members depending on country specific circumstances;
Realising that a minimum level of consumer protection (addressing the specificities of e-commerce transactions) could increase the confidence and adoption of e-commerce by consumers;
And recognising the need to ensure that there is transparent and effective protection of consumers, fair business activities, advertising and marketing practices, online disclosures relating to information about businesses, goods or services, and transactions;
And noting the UN Guidelines for Consumer Protection, adopted in the General Assembly in 2015, which are a valuable set of principles that set out the main characteristics of effective consumer protection legislation, enforcement institutions and redress systems.
The BRICS Members, as a way forward, agree as follows:
1. BRICS Members resolve to enhance cooperation through the BRICS Ecommerce Working Group to examine the experience of BRICS and other countries and international associations in the field of consumer protection in e-commerce, and further explore practical options for ensuring consumer protection and in this endeavour, actively involving representatives of the academia, civil organisations, private sector etc.
2. With a view to promoting better understanding and to enable coordination on various aspects of e-commerce, BRICS Members may consider exchanging best practices on how regulatory frameworks are adapting to new challenges which are emerging as a result of the dynamic nature of ecommerce.
3. BRICS Members may also consider elaborating on the steps undertaken by them to address issues of consumer protection and at the same time, seek measures to control the sale of counterfeit products, catalogue rogue/fake portals, and adopt appropriate measures to support offline retailers and neighbourhood stores.
4. BRICS Members may consider developing a Plan of action on the priority areas of consumer protection in the era of e-commerce.
5. To promote consumer protection in e-commerce and exchange best practices. BRICS Members may consider holding events (conference/Round table) on specific aspects of consumer protection.
6. BRICS Members may consider organizing information campaign on key issues of consumer protection in e-commerce. *****
Source: brics2021.gov.in
BRICS countries, as emerging developing countries, are playing an increasingly important role in global e-commerce development. E-commerce is helping to promote growth in trade, industrial transformation and upgrading technologies, and is becoming one of the most dynamic and promising economic activities throughout BRICS countries. It creates new employment opportunities, helps BRICS countries fit into the global value chain, brings significant economic and social opportunities, and increasingly becomes a new engine for development. There are, however, challenges including low awareness of e-commerce opportunities, the complexity of cross-border payments and a lack of trust in ecommerce. There is a need to ensure that there is transparent and effective protection of consumers, fair business conditions, advertising and marketing practices, online information disclosures relating to the business, information about the goods, services, information about the transaction, etc. Further, there is a requirement for an effective dispute resolution and redressal system to look into consumer complaints. Adequate safeguards and measures are needed to ensure privacy and security of the consumers. Lastly, owing to the digital divide and concerns of access to technology and internet, the importance of education and awareness on e-commerce related issues cannot be over emphasized.
The BRICS nations, in the Moscow Declaration 2020, recognised the role of the digital economy as an important tool for modernization and transformation of the industry, promotion of inclusive economic growth, support of seamless global trade and business conduct, thus helping BRICS economies meet their Sustainable Development Goals. At the same time, BRICS countries 2 acknowledged the challenges arising from the unprecedented growth of digital technologies and e-commerce, and emphasized the need for a dedicated focus on overcoming the digital divide and to support developing countries to address its socio-economic implications. In the context of accelerated development of the ecommerce sector and increased volume of online transactions worldwide, the BRICS nations resolved to enhance cooperation through the BRICS E-commerce Working Group. The BRICS nations recognized the potential for establishing a workstream to examine the experience of BRICS and other countries, as well as international associations in the field of consumer protection in e-commerce and create a basis for exploring the development of a practical framework for ensuring consumer protection in the BRICS countries, including through pilot projects and initiatives.
The level of consumer protection varies depending on country specific circumstances, but a minimum level of consumer protection addressing the specificities of e-commerce transactions could increase the confidence of consumers in e-commerce and promote its increased acceptance.
This can be operationalized through a framework to facilitate communication, cooperation, development and enforcement of joint initiatives, wherever appropriate, amongst the BRICS nations and relevant stakeholders. In this regard, the Members may note and refer to the UN Guidelines for Consumer Protection, adopted in the General Assembly in 2015, which are a valuable set of principles that set out the main characteristics of effective consumer protection legislation, enforcement institutions and redress systems. Further, as indicated by UNCTAD's Global Cyberlaw Tracker, among the four major areas of ecommerce related legislations, i.e. e-transaction, consumer protection, privacy and data protection and cyber security, consumer protection is an area where 3
BRICS countries could consider increasing efforts to complete their legal framework. Given the fast-evolving nature of e-commerce, the BRICS countries may exchange best practices on how their regulatory frameworks are adapting to new challenges in this segment. Member countries may also consider elaborating on steps undertaken by them to address issues of consumer protection, and at the same time, control the sale of counterfeit products, catalogue rogue/fake portals and adopt appropriate measures for supporting offline retailers and neighbourhood stores.
In light of the above, BRICS Countries agree to a framework for ensuring consumer protection in e-commerce amongst BRICS Members as follows:
Declaration on Framework for Consumer Protection in E-commerce
Recognising the role of e-commerce as an important instrument for modernization and transformation of the industry, promotion of inclusive economic growth, seamless global trade and business conduct, and thus helping meet the Sustainable Development Goals;
Noting that e-commerce has become one of the most dynamic and promising economic activities throughout the BRICS countries;
Noting further that the growing economic significance of e-commerce in helping promote growth in trade, industrial transformation and upgradation, and also in creating new employment opportunities, and enable BRICS countries to fit into the global value chain;
Acknowledging the challenges relating to low awareness of e-commerce opportunities, the complexity of cross-border payments and redressal mechanism for consumers and a lack of trust in e-commerce among consumers;
Recalling that as per UNCTAD's Global Cyberlaw Tracker, among the four major areas of e-commerce related legislations, viz., e-transaction, consumer protection, privacy and data protection, and cyber information security, BRICS Members can increase efforts to augment their legal framework;
Understanding that owing to the digital divide and an issue of access to technology and internet, the level of consumer protection may vary among BRICS Members depending on country specific circumstances;
Realising that a minimum level of consumer protection (addressing the specificities of e-commerce transactions) could increase the confidence and adoption of e-commerce by consumers;
And recognising the need to ensure that there is transparent and effective protection of consumers, fair business activities, advertising and marketing practices, online disclosures relating to information about businesses, goods or services, and transactions;
And noting the UN Guidelines for Consumer Protection, adopted in the General Assembly in 2015, which are a valuable set of principles that set out the main characteristics of effective consumer protection legislation, enforcement institutions and redress systems.
The BRICS Members, as a way forward, agree as follows:
1. BRICS Members resolve to enhance cooperation through the BRICS Ecommerce Working Group to examine the experience of BRICS and other countries and international associations in the field of consumer protection in e-commerce, and further explore practical options for ensuring consumer protection and in this endeavour, actively involving representatives of the academia, civil organisations, private sector etc.
2. With a view to promoting better understanding and to enable coordination on various aspects of e-commerce, BRICS Members may consider exchanging best practices on how regulatory frameworks are adapting to new challenges which are emerging as a result of the dynamic nature of ecommerce.
3. BRICS Members may also consider elaborating on the steps undertaken by them to address issues of consumer protection and at the same time, seek measures to control the sale of counterfeit products, catalogue rogue/fake portals, and adopt appropriate measures to support offline retailers and neighbourhood stores.
4. BRICS Members may consider developing a Plan of action on the priority areas of consumer protection in the era of e-commerce.
5. To promote consumer protection in e-commerce and exchange best practices. BRICS Members may consider holding events (conference/Round table) on specific aspects of consumer protection.
6. BRICS Members may consider organizing information campaign on key issues of consumer protection in e-commerce. *****
NDB admits Bangladesh as new member (НБР принимает Бангладеш в качестве нового члена) / China, September, 2021
Keywords: ndb, brics+
2021-09-02
2021-09-02
China
Source: www.ndb.int
The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has admitted Bangladesh as a new member.
NDB's Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB is increasing its global outreach with the announcement of Bangladesh, UAE and Uruguay as the first countries admitted into the Bank.
"We are delighted to welcome Bangladesh, one of the world's fastest growing economies, into the NDB. Bangladesh joining us in the year it celebrates the 50th Anniversary of its Independence is an important milestone", said Mr. Marcos Troyjo, President of NDB.
"Membership of Bangladesh to NDB has paved way for a new partnership at a momentous time of 50th anniversary of our independence. Membership in the NDB is an important step forward in meeting the development vision of our Hon'ble Prime Minister, Sheikh Hasina. We look forward to working closely with NDB to build together a prosperous and equitable world for our next generation as dreamt by our Father of the Nation Bangabandhu Sheikh Mujibur Rahman", said Hon. A H M Mustafa Kamal, Minister of Finance of Bangladesh.
Bangladesh will have in NDB a new platform to foster cooperation in infrastructure and sustainable development with BRICS and upcoming new members. Membership to NDB becomes effective once the admitted country completes its domestic processes and deposits the instrument of accession.
Since its establishment six years ago, NDB has approved about 80 projects in all of its member countries, totaling a portfolio of US$ 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank.
NDB's membership expansion is in line with the Bank's strategy to become the premier development institution for emerging market economies.
Background information
NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has an authorized capital of US$ 100 billion, which is open for subscription by members of the United Nations.
Source: www.ndb.int
The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has admitted Bangladesh as a new member.
NDB's Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB is increasing its global outreach with the announcement of Bangladesh, UAE and Uruguay as the first countries admitted into the Bank.
"We are delighted to welcome Bangladesh, one of the world's fastest growing economies, into the NDB. Bangladesh joining us in the year it celebrates the 50th Anniversary of its Independence is an important milestone", said Mr. Marcos Troyjo, President of NDB.
"Membership of Bangladesh to NDB has paved way for a new partnership at a momentous time of 50th anniversary of our independence. Membership in the NDB is an important step forward in meeting the development vision of our Hon'ble Prime Minister, Sheikh Hasina. We look forward to working closely with NDB to build together a prosperous and equitable world for our next generation as dreamt by our Father of the Nation Bangabandhu Sheikh Mujibur Rahman", said Hon. A H M Mustafa Kamal, Minister of Finance of Bangladesh.
Bangladesh will have in NDB a new platform to foster cooperation in infrastructure and sustainable development with BRICS and upcoming new members. Membership to NDB becomes effective once the admitted country completes its domestic processes and deposits the instrument of accession.
Since its establishment six years ago, NDB has approved about 80 projects in all of its member countries, totaling a portfolio of US$ 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank.
NDB's membership expansion is in line with the Bank's strategy to become the premier development institution for emerging market economies.
Background information
NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has an authorized capital of US$ 100 billion, which is open for subscription by members of the United Nations.
NDB admits Uruguay as new member (NDB admits Uruguay as new member) / China, September, 2021
Keywords: ndb, brics+
2021-09-02
2021-09-02
China
Source: www.ndb.int
The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has admitted Uruguay as a new member.
NDB's Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB is increasing its global outreach with the announcement of Uruguay, UAE and Bangladesh as the first countries admitted into the Bank.
"It's a great joy to welcome Uruguay into the NDB family. It's the first Latin American country to join the Bank as a new member", said Mr. Marcos Troyjo, President of NDB.
"Uruguay sees in the NDB a great opportunity to harness cooperation with its member countries, aiming to achieve stronger international integration in trade and cross-border investment flows", said H.E. Azucena Arbeleche, Minister of Economy and Finance of Uruguay.
Uruguay will have in NDB a new platform to foster cooperation in infrastructure and sustainable development with BRICS and upcoming new members. Membership to NDB becomes effective once the admitted country completes its domestic processes and deposits the instrument of accession.
Since its establishment six years ago, NDB has approved about 80 projects in all of its member countries, totaling a portfolio of US$ 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank.
NDB's membership expansion is in line with the Bank's strategy to become the premier development institution for emerging market economies.
Background information
NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has an authorized capital of US$ 100 billion, which is open for subscription by members of the United Nations.
Source: www.ndb.int
The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has admitted Uruguay as a new member.
NDB's Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB is increasing its global outreach with the announcement of Uruguay, UAE and Bangladesh as the first countries admitted into the Bank.
"It's a great joy to welcome Uruguay into the NDB family. It's the first Latin American country to join the Bank as a new member", said Mr. Marcos Troyjo, President of NDB.
"Uruguay sees in the NDB a great opportunity to harness cooperation with its member countries, aiming to achieve stronger international integration in trade and cross-border investment flows", said H.E. Azucena Arbeleche, Minister of Economy and Finance of Uruguay.
Uruguay will have in NDB a new platform to foster cooperation in infrastructure and sustainable development with BRICS and upcoming new members. Membership to NDB becomes effective once the admitted country completes its domestic processes and deposits the instrument of accession.
Since its establishment six years ago, NDB has approved about 80 projects in all of its member countries, totaling a portfolio of US$ 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank.
NDB's membership expansion is in line with the Bank's strategy to become the premier development institution for emerging market economies.
Background information
NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has an authorized capital of US$ 100 billion, which is open for subscription by members of the United Nations.
NDB admits UAE as new member (NDB принимает ОАЭ в качестве нового члена) / China, September, 2021
Keywords: ndb, brics+
2021-09-02
2021-09-02
China
Source: ndb.int
The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has admitted the United Arab Emirates (UAE) as a new member.
NDB's Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB is increasing its global outreach with the announcement of the UAE, Uruguay and Bangladesh as the first countries admitted into the Bank.
"We warmly welcome the UAE into the NDB family. It's a particular honor that the UAE joins us on the occasion of its Golden Jubilee celebration. These 50 years have seen the UAE rise as one of the world's most innovative and dynamic economies", said Mr. Marcos Troyjo, President of NDB.
H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the UAE said: "The United Arab Emirates membership in the New Development Bank represents a new step to enhance the role of the UAE economy on the global stage, especially in light of the great capabilities and expertise that the country possesses in supporting infrastructure projects and sustainable development. This monumental step would not have been achieved without the vision and direction of the UAE leadership, who believe in the importance of supporting development projects around the world, especially in emerging economies."
The UAE will have in NDB a new platform to foster cooperation in infrastructure and sustainable development with BRICS and upcoming new members. Membership to NDB becomes effective once the admitted country completes its domestic processes and deposits the instrument of accession.
Since its establishment six years ago, NDB has approved about 80 projects in all of its member countries, totaling a portfolio of US$ 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank.
NDB's membership expansion is in line with the Bank's strategy to become the premier development institution for emerging economies.
Background information
NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has an authorized capital of US$ 100 billion, which is open for subscription by members of the United Nations.
Source: ndb.int
The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has admitted the United Arab Emirates (UAE) as a new member.
NDB's Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB is increasing its global outreach with the announcement of the UAE, Uruguay and Bangladesh as the first countries admitted into the Bank.
"We warmly welcome the UAE into the NDB family. It's a particular honor that the UAE joins us on the occasion of its Golden Jubilee celebration. These 50 years have seen the UAE rise as one of the world's most innovative and dynamic economies", said Mr. Marcos Troyjo, President of NDB.
H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the UAE said: "The United Arab Emirates membership in the New Development Bank represents a new step to enhance the role of the UAE economy on the global stage, especially in light of the great capabilities and expertise that the country possesses in supporting infrastructure projects and sustainable development. This monumental step would not have been achieved without the vision and direction of the UAE leadership, who believe in the importance of supporting development projects around the world, especially in emerging economies."
The UAE will have in NDB a new platform to foster cooperation in infrastructure and sustainable development with BRICS and upcoming new members. Membership to NDB becomes effective once the admitted country completes its domestic processes and deposits the instrument of accession.
Since its establishment six years ago, NDB has approved about 80 projects in all of its member countries, totaling a portfolio of US$ 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank.
NDB's membership expansion is in line with the Bank's strategy to become the premier development institution for emerging economies.
Background information
NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has an authorized capital of US$ 100 billion, which is open for subscription by members of the United Nations.
NDB initiates membership expansion, extends global outreach (НБР инициирует расширение членства, расширяет глобальный охват) / China, September, 2021
Keywords: ndb, brics+
2021-09-02
2021-09-02
China
Source: www.ndb.int
The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has initiated its membership expansion.
NDB's Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB approved the admission of the United Arab Emirates (UAE), Uruguay and Bangladesh as its first new member countries.
"We are delighted to welcome the UAE, Uruguay and Bangladesh to the NDB family. New members will have in NDB a platform to foster their cooperation in infrastructure and sustainable development," said Mr. Marcos Troyjo, President of NDB. "We will continue to expand the Bank's membership in a gradual and balanced manner."
H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the UAE said: "The United Arab Emirates membership in the New Development Bank represents a new step to enhance the role of the UAE economy on the global stage, especially in light of the great capabilities and expertise that the country possesses in supporting infrastructure projects and sustainable development. This monumental step would not have been achieved without the vision and direction of the UAE leadership, who believe in the importance of supporting development projects around the world, especially in emerging economies."
"Uruguay sees in the NDB a great opportunity to harness cooperation with its member countries, aiming to achieve stronger international integration in trade and cross-border investment flows" said H.E. Azucena Arbeleche, Minister of Economy and Finance of Uruguay.
"Membership of Bangladesh to NDB has paved way for a new partnership at a momentous time of 50th anniversary of our independence. Membership in the NDB is an important step forward in meeting the development vision of our Hon'ble Prime Minister, Sheikh Hasina. We look forward to working closely with NDB to build together a prosperous and equitable world for our next generation as dreamt by our Father of the Nation Bangabandhu Sheikh Mujibur Rahman", said Hon. A H M Mustafa Kamal, Minister of Finance of Bangladesh.
Once admitted, a country's membership to NDB becomes effective when it completes its domestic processes and deposits the instrument of accession.
Since the beginning of its operations, NDB approved about 80 projects in all of its members, totaling a portfolio of US$ 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank.
NDB's membership expansion is in line with the Bank's strategy to be positioned as the premier development institution for emerging economies.
Background information
NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has an authorized capital of US$ 100 billion, which is open for subscription by members of the United Nations.
Source: www.ndb.int
The New Development Bank (NDB) – established by BRICS (Brazil, Russia, India, China and South Africa) in 2015 – has initiated its membership expansion.
NDB's Board of Governors authorized the Bank to conduct formal negotiations with prospective members in late 2020. After a round of successful negotiations, NDB approved the admission of the United Arab Emirates (UAE), Uruguay and Bangladesh as its first new member countries.
"We are delighted to welcome the UAE, Uruguay and Bangladesh to the NDB family. New members will have in NDB a platform to foster their cooperation in infrastructure and sustainable development," said Mr. Marcos Troyjo, President of NDB. "We will continue to expand the Bank's membership in a gradual and balanced manner."
H.E. Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the UAE said: "The United Arab Emirates membership in the New Development Bank represents a new step to enhance the role of the UAE economy on the global stage, especially in light of the great capabilities and expertise that the country possesses in supporting infrastructure projects and sustainable development. This monumental step would not have been achieved without the vision and direction of the UAE leadership, who believe in the importance of supporting development projects around the world, especially in emerging economies."
"Uruguay sees in the NDB a great opportunity to harness cooperation with its member countries, aiming to achieve stronger international integration in trade and cross-border investment flows" said H.E. Azucena Arbeleche, Minister of Economy and Finance of Uruguay.
"Membership of Bangladesh to NDB has paved way for a new partnership at a momentous time of 50th anniversary of our independence. Membership in the NDB is an important step forward in meeting the development vision of our Hon'ble Prime Minister, Sheikh Hasina. We look forward to working closely with NDB to build together a prosperous and equitable world for our next generation as dreamt by our Father of the Nation Bangabandhu Sheikh Mujibur Rahman", said Hon. A H M Mustafa Kamal, Minister of Finance of Bangladesh.
Once admitted, a country's membership to NDB becomes effective when it completes its domestic processes and deposits the instrument of accession.
Since the beginning of its operations, NDB approved about 80 projects in all of its members, totaling a portfolio of US$ 30 billion. Projects in areas such as transport, water and sanitation, clean energy, digital infrastructure, social infrastructure and urban development are within the scope of the Bank.
NDB's membership expansion is in line with the Bank's strategy to be positioned as the premier development institution for emerging economies.
Background information
NDB was established by Brazil, Russia, India, China and South Africa to mobilize resources for infrastructure and sustainable development projects in BRICS and other emerging economies and developing countries, complementing the existing efforts of multilateral and regional financial institutions for global growth and development. NDB has an authorized capital of US$ 100 billion, which is open for subscription by members of the United Nations.
World of Work
SOCIAL POLICY, TRADE UNIONS, ACTIONS
Brics Framework for Cooperation in Trade in Professional Services (Рамки сотрудничества БРИКС в торговле профессиональными услугами) / India, September, 2021
Keywords: social_issues, off_docs
2021-09-02
2021-09-02
India
Source: brics2021.gov.in
1. Background
1.1 Trade in services has become an increasingly important component of economic activity for BRICS members. In 2016, the BRICS Framework for Cooperation in Trade in Services, recognized trade in services as one of the key areas for cooperation and identified professional services one of the potential sectors for enhancing cooperation. The BRICS Trade in Services Cooperation Roadmap was adopted in 2017, whereby, the BRICS members agreed to initiate dialogue on possible ways to cooperate in services sectors including professional services. In 2020, the BRICS Strategy for Economic Partnership was adopted, in which, it was agreed to increase intra-BRICS mobility of businesspeople, health professionals, academicians, workers etc.
1.2 As per the 2030 Global Professional Services Market Report, the global professional services market is expected to grow from USD 5028.9 billion in 2020 to USD 7063.9 billion in 2025. There is immense potential to enhance the share of BRICS countries in trade in professional services, globally and amongst the members themselves. The sector is marked by several challenges that limit the realization of its full potential. The individual circumstances and strategies of BRICS members in regulating and promoting professional services may be diverse. Cooperative and collaborative efforts at identifying challenges and determining focused interventions to address the same can play a critical role in advancing the BRICS economies' prospects in this sector.
1.3 In view of the above, BRICS members re-affirm their commitment to enhance cooperation in trade in services, by focussing on professional services.
2. Vision
2.1 BRICS members establish this Framework that endeavours to promote cooperation in trade in professional services and other relevant business services of mutual interest, while recognizing the 'principles' enshrined in the BRICS Trade in Services Cooperation Roadmap and specifically taking into account the diverse perspectives, regulatory regimes and levels of development of individual members. BRICS members seek to undertake actions in the areas identified in this Framework to achieve the following objectives:
2.1.1 Build the domestic capacity and enhance the global competitiveness in professional services;
2.1.2. Enhance the participation in intra BRICS and global trade in professional services, leading to greater contribution to economic development and job creation.
3. Areas of Actions
3.1 Information Exchange:
3.1.1 Exchange information, ideas, perspectives, and best practices on issues/areas related to professional services, of mutual interest.
3.1.2 Conduct joint research on issues/areas related to professional services, of mutual interest, with a focus on addressing current and emerging challenges, best 3 practices in other developed and developing economies, increasing the export orientation of service suppliers etc.
3.2 Capacity-Building:
3.2.1 Promote capacity-building and skill-development exercises related to professional services including student and trainee exchange programs, seminars, workshops, professional development courses, and training programs.
3.3 Promotion Activities:
3.3.1 Facilitate the promotion of activities between governments, export promotion agencies dealing with services, professional bodies and relevant service suppliers including through participation in exhibitions and trade fairs related to specific professional services of interest.
3.4 Recognition:
3.4.1 Encourage relevant professional bodies in their respective territories to engage with each other, where applicable, to explore possibilities of entering into arrangements for recognition of professional qualifications, licensing, or registration in professional services of mutual interest.
4. Mechanism for Cooperation
4.1 The BRICS members agree to consult the relevant professional bodies in their respective territories to identify areas/sub-sectors for building cooperation. In sub-sectors where these consultations show mutual interest, a draft Action Plan 4 may be proposed by the rotating BRICS Presidency or by any other BRICS member(s) for the BRICS' joint consideration.
4.2 BRICS members may encourage the professional bodies and associations in the relevant sectors, as well as professional service suppliers and importers to explore potential benefits and work towards establishing an online BRICS Professional Services Platform which could, inter alia, facilitate sharing of relevant information, including on opportunities for partnership and challenges faced in doing business, to facilitate deeper and sustained cooperation in this sector.
5. Implementation
5.1 BRICS members agree to deepen the liaison involving the existing focal points of the BRICS Framework for Cooperation on Trade in Services to facilitate exchange with the relevant professional bodies in their respective territories for coordination regarding implementation of this Framework and the Action Plans.
5.2 In accordance with BRICS Trade in Services Cooperation Roadmap, BRICS members may develop and participate in the Action Plan(s) at different speeds based on their respective circumstances and interests expressed by their professional bodies.
5.3 Rotating Presidency may lead the effort in promoting the implementation of the Framework.
5.4 BRICS members agree to assess the effectiveness and implementation of the Framework, identify specific areas for future cooperation, and report to the BRICS Trade Ministers in the annual CGETI meetings. 5 *****
Source: brics2021.gov.in
1. Background
1.1 Trade in services has become an increasingly important component of economic activity for BRICS members. In 2016, the BRICS Framework for Cooperation in Trade in Services, recognized trade in services as one of the key areas for cooperation and identified professional services one of the potential sectors for enhancing cooperation. The BRICS Trade in Services Cooperation Roadmap was adopted in 2017, whereby, the BRICS members agreed to initiate dialogue on possible ways to cooperate in services sectors including professional services. In 2020, the BRICS Strategy for Economic Partnership was adopted, in which, it was agreed to increase intra-BRICS mobility of businesspeople, health professionals, academicians, workers etc.
1.2 As per the 2030 Global Professional Services Market Report, the global professional services market is expected to grow from USD 5028.9 billion in 2020 to USD 7063.9 billion in 2025. There is immense potential to enhance the share of BRICS countries in trade in professional services, globally and amongst the members themselves. The sector is marked by several challenges that limit the realization of its full potential. The individual circumstances and strategies of BRICS members in regulating and promoting professional services may be diverse. Cooperative and collaborative efforts at identifying challenges and determining focused interventions to address the same can play a critical role in advancing the BRICS economies' prospects in this sector.
1.3 In view of the above, BRICS members re-affirm their commitment to enhance cooperation in trade in services, by focussing on professional services.
2. Vision
2.1 BRICS members establish this Framework that endeavours to promote cooperation in trade in professional services and other relevant business services of mutual interest, while recognizing the 'principles' enshrined in the BRICS Trade in Services Cooperation Roadmap and specifically taking into account the diverse perspectives, regulatory regimes and levels of development of individual members. BRICS members seek to undertake actions in the areas identified in this Framework to achieve the following objectives:
2.1.1 Build the domestic capacity and enhance the global competitiveness in professional services;
2.1.2. Enhance the participation in intra BRICS and global trade in professional services, leading to greater contribution to economic development and job creation.
3. Areas of Actions
3.1 Information Exchange:
3.1.1 Exchange information, ideas, perspectives, and best practices on issues/areas related to professional services, of mutual interest.
3.1.2 Conduct joint research on issues/areas related to professional services, of mutual interest, with a focus on addressing current and emerging challenges, best 3 practices in other developed and developing economies, increasing the export orientation of service suppliers etc.
3.2 Capacity-Building:
3.2.1 Promote capacity-building and skill-development exercises related to professional services including student and trainee exchange programs, seminars, workshops, professional development courses, and training programs.
3.3 Promotion Activities:
3.3.1 Facilitate the promotion of activities between governments, export promotion agencies dealing with services, professional bodies and relevant service suppliers including through participation in exhibitions and trade fairs related to specific professional services of interest.
3.4 Recognition:
3.4.1 Encourage relevant professional bodies in their respective territories to engage with each other, where applicable, to explore possibilities of entering into arrangements for recognition of professional qualifications, licensing, or registration in professional services of mutual interest.
4. Mechanism for Cooperation
4.1 The BRICS members agree to consult the relevant professional bodies in their respective territories to identify areas/sub-sectors for building cooperation. In sub-sectors where these consultations show mutual interest, a draft Action Plan 4 may be proposed by the rotating BRICS Presidency or by any other BRICS member(s) for the BRICS' joint consideration.
4.2 BRICS members may encourage the professional bodies and associations in the relevant sectors, as well as professional service suppliers and importers to explore potential benefits and work towards establishing an online BRICS Professional Services Platform which could, inter alia, facilitate sharing of relevant information, including on opportunities for partnership and challenges faced in doing business, to facilitate deeper and sustained cooperation in this sector.
5. Implementation
5.1 BRICS members agree to deepen the liaison involving the existing focal points of the BRICS Framework for Cooperation on Trade in Services to facilitate exchange with the relevant professional bodies in their respective territories for coordination regarding implementation of this Framework and the Action Plans.
5.2 In accordance with BRICS Trade in Services Cooperation Roadmap, BRICS members may develop and participate in the Action Plan(s) at different speeds based on their respective circumstances and interests expressed by their professional bodies.
5.3 Rotating Presidency may lead the effort in promoting the implementation of the Framework.
5.4 BRICS members agree to assess the effectiveness and implementation of the Framework, identify specific areas for future cooperation, and report to the BRICS Trade Ministers in the annual CGETI meetings. 5 *****
Meeting of BRICS Ministers Responsible for Youth VII BRICS Youth Summit (Встреча министров по делам молодежи БРИКС - VII Молодежный саммит БРИКС) / India, August, 2021
Keywords: top_level_meeting, social_issues
2021-08-31
2021-08-31
India
Source: brics2021.gov.in
The Union Minister of Youth Affairs and Sports, and Minister of Information and Broadcasting, Shri Anurag Thakur hosted the 7th BRICS Youth Summit and the Meeting of 'BRICS Ministers and Heads of Agencies Responsible for Youth' on 31 August 2021 through video conference from New Delhi, India.
The delegates from Ministries of Youth of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa participated in the meeting. The discussion was held under the theme "Youth as a Bridge for Peace and Friendship" for advancing the agenda of 'youth' in BRICS countries.
The Union Minister of Youth Affairs and Sports addressed the participants and presented India's perspective for the development of youth for their broader social and economic engagement, through coordinated interventions among BRICS countries; building capacity, sharing good practices; and advocated for multi sectoral support for youth projects and programs across countries.
Taking cognizance of the Covid-19 pandemic scenario, the Shri Anurag Thakur expressed concerns over the risks the pandemic had posed for the development of the youth, especially regarding education, employment, physical and mental well-being and secure livelihoods.
He stated that the BRICS countries needed to anticipate the impact of mitigation and recovery measures across different age groups, and apply effective interventions supported by dynamic governance to avoid increasing intergenerational inequalities and to ensure that young people are involved in building societal resilience.
Taking note of the outcomes by way of an Action Plan at the 7th BRICS Youth Summit 2021, the Minister emphasized the need for committed, coordinated efforts by BRICS nations, for identifying challenges and opportunities for the youth. He highlighted five thematic areas for enhancing cooperation on the 'youth agenda' in the BRICS countries i.e. Youth engagement for sustainable development; Education and Capacity Building for youth ; Youth Entrepreneurship and Employment; Youth for Health, Fitness, Culture and well-being ; and Social Justice and Inclusion for youth.
He appreciated the endeavors of governments, corporate sector, civil society and other development partners of BRICS countries for effectively responding to the crisis via public health and hygiene promotion, selfless volunteering and innovation. He said the young people will be a key element in ensuring an inclusive recovery that focuses that 'no one is left behind'.
To expedite youth advancement amid COVID recovery actions, he emphasized that BRICS nations needed to ensure continuity in learning and skilling of its youth by promoting high-tech and low-tech solutions infused with innovation.
He further stated that for BRICS countries youth, the challenge going forward, will be to build stronger international partnerships to foster learning from each other, develop advanced skills, create better jobs, and promote economic, social and political growth and stability that has a higher level of youth ownership.
The Minister urged for more 'youth-responsive' policies, initiating dialogue on 'Digital Public Goods' and digital transformation for Youth'. Given the particular context of the COVID pandemic and the threat to youth, he further proposed a 'Lifecycle Approach to Youth Healthcare in BRICS nations'. He emphasized the need for youth ownership by way of making 'Youth, the Game Changers in The Decade of SDG Action'.
At the end of the Ministerial Meeting of VII BRICS Youth Summit (Virtual), the Ministers Responsible for Youth of BRICS Nations adopted the Joint Statement and agreed upon to continue efforts to ensure the advancement of the BRICS partnerships for youth development, under the people-to-people exchanges pillar of BRICS cooperation. ****
Source: brics2021.gov.in
The Union Minister of Youth Affairs and Sports, and Minister of Information and Broadcasting, Shri Anurag Thakur hosted the 7th BRICS Youth Summit and the Meeting of 'BRICS Ministers and Heads of Agencies Responsible for Youth' on 31 August 2021 through video conference from New Delhi, India.
The delegates from Ministries of Youth of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa participated in the meeting. The discussion was held under the theme "Youth as a Bridge for Peace and Friendship" for advancing the agenda of 'youth' in BRICS countries.
The Union Minister of Youth Affairs and Sports addressed the participants and presented India's perspective for the development of youth for their broader social and economic engagement, through coordinated interventions among BRICS countries; building capacity, sharing good practices; and advocated for multi sectoral support for youth projects and programs across countries.
Taking cognizance of the Covid-19 pandemic scenario, the Shri Anurag Thakur expressed concerns over the risks the pandemic had posed for the development of the youth, especially regarding education, employment, physical and mental well-being and secure livelihoods.
He stated that the BRICS countries needed to anticipate the impact of mitigation and recovery measures across different age groups, and apply effective interventions supported by dynamic governance to avoid increasing intergenerational inequalities and to ensure that young people are involved in building societal resilience.
Taking note of the outcomes by way of an Action Plan at the 7th BRICS Youth Summit 2021, the Minister emphasized the need for committed, coordinated efforts by BRICS nations, for identifying challenges and opportunities for the youth. He highlighted five thematic areas for enhancing cooperation on the 'youth agenda' in the BRICS countries i.e. Youth engagement for sustainable development; Education and Capacity Building for youth ; Youth Entrepreneurship and Employment; Youth for Health, Fitness, Culture and well-being ; and Social Justice and Inclusion for youth.
He appreciated the endeavors of governments, corporate sector, civil society and other development partners of BRICS countries for effectively responding to the crisis via public health and hygiene promotion, selfless volunteering and innovation. He said the young people will be a key element in ensuring an inclusive recovery that focuses that 'no one is left behind'.
To expedite youth advancement amid COVID recovery actions, he emphasized that BRICS nations needed to ensure continuity in learning and skilling of its youth by promoting high-tech and low-tech solutions infused with innovation.
He further stated that for BRICS countries youth, the challenge going forward, will be to build stronger international partnerships to foster learning from each other, develop advanced skills, create better jobs, and promote economic, social and political growth and stability that has a higher level of youth ownership.
The Minister urged for more 'youth-responsive' policies, initiating dialogue on 'Digital Public Goods' and digital transformation for Youth'. Given the particular context of the COVID pandemic and the threat to youth, he further proposed a 'Lifecycle Approach to Youth Healthcare in BRICS nations'. He emphasized the need for youth ownership by way of making 'Youth, the Game Changers in The Decade of SDG Action'.
At the end of the Ministerial Meeting of VII BRICS Youth Summit (Virtual), the Ministers Responsible for Youth of BRICS Nations adopted the Joint Statement and agreed upon to continue efforts to ensure the advancement of the BRICS partnerships for youth development, under the people-to-people exchanges pillar of BRICS cooperation. ****
BRICS Energy Technology Report 2021 (Отчет БРИКС по энергетическим технологиям, 2021 г.) / India, September, 2021
Keywords: off_docs, energy
2021-09-02
2021-09-02
India
Source: brics2021.gov.in
The BRICS Energy Technology Report 2021 is the outcome of collaborative efforts of the Bureau of Energy Efficiency (BEE) and Indian Council for Research on International Economic Relations (ICRIER). The team acknowledges the contribution of ERCP experts from the Ministry of Mines and Energy of the Federative Republic of Brazil; Oleg Zhdaneev, Vasiliy Chuboksarov and Pavel Bravko from the Russian Energy Agency, Ministry of Energy of the Russian Federation; all energy officials from the National Energy Administration (NEA) of China and the Ministry of Mineral Resources and Energy of the Republic of South Africa who spared their valuable time to provide key inputs for the analysis. The team would like to express its sincere gratitude to Abhay Bakre, Director General (BEE) for his leadership and guidance. ICRIER acknowledges the co-operation and support extended by Arijit Sengupta, Director (BEE) for overseeing the preparation of this report. The team would also like to thank Siddharth Dhar (Project Engineer) and Sumit Mudgal (Project Engineer) for lending support in coordinating with various ministries and agencies, both national and international. The report has been prepared under the leadership of Amrita Goldar, Senior Fellow (ICRIER). The project activities were carried out by Diya Dasgupta (Research Associate), Tarun (Research Assistant), Kumar Gaurav (Research Assistant) and Sajal Jain (Research Associate).
Source: brics2021.gov.in
The BRICS Energy Technology Report 2021 is the outcome of collaborative efforts of the Bureau of Energy Efficiency (BEE) and Indian Council for Research on International Economic Relations (ICRIER). The team acknowledges the contribution of ERCP experts from the Ministry of Mines and Energy of the Federative Republic of Brazil; Oleg Zhdaneev, Vasiliy Chuboksarov and Pavel Bravko from the Russian Energy Agency, Ministry of Energy of the Russian Federation; all energy officials from the National Energy Administration (NEA) of China and the Ministry of Mineral Resources and Energy of the Republic of South Africa who spared their valuable time to provide key inputs for the analysis. The team would like to express its sincere gratitude to Abhay Bakre, Director General (BEE) for his leadership and guidance. ICRIER acknowledges the co-operation and support extended by Arijit Sengupta, Director (BEE) for overseeing the preparation of this report. The team would also like to thank Siddharth Dhar (Project Engineer) and Sumit Mudgal (Project Engineer) for lending support in coordinating with various ministries and agencies, both national and international. The report has been prepared under the leadership of Amrita Goldar, Senior Fellow (ICRIER). The project activities were carried out by Diya Dasgupta (Research Associate), Tarun (Research Assistant), Kumar Gaurav (Research Assistant) and Sajal Jain (Research Associate).
Archive
