BRICS FRAMEWORK FOR COOPERATION IN TRADE IN PROFESSIONAL SERVICES

Established in 2021

Objectives: 

• Build the domestic capacity and enhance the global competitiveness in professional services.
• Enhance the participation in intra BRICS and global trade in professional services, leading to greater contribution to economic development and job creation.

Implementation: 

• BRICS members will enhance coordination among their focal points within the BRICS Framework for Cooperation on Trade in Services. 
• They may adopt Action Plans at different paces based on the preferences and needs of their professional bodies. 
• The rotating presidency will play a leading role in driving the Framework's implementation. 
• They agree to assess the Framework's effectiveness, identify areas for future cooperation, and report their progress to BRICS Trade Ministers during annual Contact Group on Economic and Trade issues (CGETI) meetings.