Commerce Ministers of the BRICS permitted the Information Economic system Governance Understanding, aiming to advertise a good information economic system amongst BRICS nations and establishing a roadmap.
Commerce Ministers from BRICS international locations convened in Brasília to change views on commerce and funding challenges. They issued a Joint Declaration, expressing sturdy assist to the multilateral buying and selling system centred on the WTO, and emphasising the necessity to strengthen it towards protectionist measures and fragmentation. The Ministers permitted the BRICS Declaration on WTO Reform and Strengthening of the Multilateral Buying and selling System (Annex I of the Joint Declaration), expressing critical issues about rising unilateral tariff and non-tariff measures inconsistent with WTO guidelines.
A big consequence was the approval of the BRICS Information Economic system Governance Understanding (Annex II). This doc acknowledges the important thing position of information for financial progress, innovation, and public governance, whereas additionally noting the challenges raised by lack of statistical information and regulatory fragmentation, hindering growing international locations’ integration into the worldwide digital economic system.
The Understanding establishes a roadmap for future work, aiming to advertise a good information economic system amongst BRICS nations. Key goals embrace making certain information sovereignty whereas facilitating environment friendly and trusted cross-border information flows according to nationwide frameworks. It seeks to leverage nationwide statistical workplaces to measure the worth of information and information flows, discover widespread regulatory practices for commerce and competitors, strengthen the position of Digital Public Infrastructure (DPI), and safeguard particular person privateness and information safety. The implementation of the roadmap will contain consultations of the BRICS contact group on financial and commerce points (CGETI), and an annual BRICS Information Economic system Session, to be held beneath the Digital Economic system Working Group. BRICS international locations additionally permitted the Commerce and Sustainable Improvement Framework (Annex III).
