- Joint Communique of the Twelfth Meeting of the BRICS Trade Ministers 9 June 2022
- BRICS Statement on Strengthening the Multilateral Trading System and Reforming the WTO
- BRICS Digital Economy Partnership Framework
- BRICS Initiative on Trade and Investment for Sustainable Development
- BRICS Initiative on Enhancing Cooperation on Supply Chains
- 2024: 26 July, Moscow, Russia
- 2023: August 7, online, South Africa
- 2022: June 9, online, China
- 2021: September 3, virtual (hosted by India)
- 2020: July 23, virtual (hosted by Russia)
- 2019: November 11, Brasilia, Brazil
- 2017: August 2, Shanghai, China
- 2016: October 13, New Delhi, India
- 2015: December 16, Nairobi, Kenya
- 2015: July 7, Moscow, Russia
- 2013: July 14, Fortaleza, Brazil
- 2013: March 26, Durban, South Africa
- 2012: April 19, Puerto Vallarta, Mexico
- 2012: March 28, New Delhi, India
- 2011: December 14, Geneva, Switzerland
- 2010: April 15, Rio de Janeiro, Brazil
Key aspects of the meeting:
- Format and Participants: The meeting was conducted via video link, with representatives from BRICS members (Brazil, Russia, India, China, and South Africa) and relevant international organizations in attendance.
- Main Topics Discussed:
- Digital economy
- Trade and investment for sustainable development
- Supply chain cooperation
- Support for the multilateral trading system
- Global Economic Situation: The ministers reviewed the current global economic situation, noting the uncertain evolution of the COVID-19 pandemic and the fragile state of global economic recovery. They recognized the slowdown in global trade growth and the pressure on trade in services.
- Digital Economy: The meeting emphasized the importance of the digital economy in mitigating the impact of COVID-19 and enabling global economic recovery. They agreed to establish a Digital Economy Working Group to coordinate efforts in this area.
- Sustainable Development: The ministers endorsed the BRICS Initiative on Trade and Investment for Sustainable Development, acknowledging the role of trade and investment in promoting sustainable development and addressing climate change challenges.
- Supply Chain Cooperation: They recognized the impact of the pandemic on global and regional supply chains, particularly affecting developing countries and MSMEs. The ministers agreed to enhance cooperation to improve the resilience and stability of supply chains.
- Multilateral Trading System: BRICS countries reaffirmed their support for the multilateral trading system embodied in the WTO and committed to engaging constructively in necessary WTO reforms.
- Outcome: A Joint Communique was issued following the meeting, detailing the discussions and agreements reached by the BRICS Trade Ministers.
This meeting was an important step in preparing for the 14th BRICS summit, focusing on strengthening economic and trade cooperation among BRICS nations in the post-pandemic era.
Annex
I. BRICS Statement on Strengthening the Multilateral Trading System and Reforming the WTO
II. BRICS Digital Economy Partnership Framework 1
III. BRICS Initiative on Trade and Investment for Sustainable Development
IV. BRICS Initiative on Enhancing Cooperation on Supply Chains
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