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Thursday, 3 August 2017

7th Meeting of BRICS Trade Ministers held in Shanghai, China

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. 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.

Important Takeaways from Above News-
  • The 8th BRICS Summit held on 16th October 2016 at Goa.
  • BRICS countries include- Brazil, Russia, India, China, and South Africa.
Source- Press Information Bureau (PIB)

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