BRICS Business Council established during 5th BRICS Summit

Q.  BRICS Business Council was established during which BRICS Summit?
- Published on 05 Oct 16

a. 5th
b. 7th
c. 1st
d. 3rd

ANSWER: 5th
 
  • The BRICS Business Council was established during the fifth BRICS Summit in Durban, South Africa, with the objective of promoting and strengthening business, trade and investment ties amongst the business communities of the five countries.
  • The seven working groups in the areas of Infrastructure, Manufacturing, Financial Services, Energy & Green Economy, Skills Development, Agribusiness and Deregulation have been formed under the aegis of the BRICS Business Council.
  • They engage in interactions with a view to better understand the market opportunities and build synergies based on their respective competitive strengths and to promote industrial development and job creation.

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