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India concludes 16th BRICS Trade Ministers' Meeting in Jaipur

9 August 2026NationalRajasthan

India concluded the 16th BRICS Trade Ministers'' Meeting in Jaipur, Rajasthan (6-7 August 2026) under its BRICS Chairship 2026. Chaired by Union Minister Piyush Goyal, the meeting adopted a Joint Declaration and four annexes under the theme ''Building for Resilience, Innovation, Cooperation and Sustainability.'' Key outcomes: finalising the Strategy for BRICS Economic Partnership 2030 (for submission at the New Delhi Summit in September 2026), the Jaipur Consensus on a BRICS Invoice Discounting Mechanism, and principles for digitally delivered services — with focus on WTO reforms, MSMEs and resilient supply chains.

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BRICS acronym coined by Jim O''Neill (2001) | First summit 2009 (Yekaterinburg) | South Africa joined 2010 | 2024 expansion added Egypt, Ethiopia, Iran, UAE | New Delhi Summit due September 2026

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Under its 2026 Chairship, India concluded the 16th BRICS Trade Ministers' Meeting in Jaipur, adopting a Joint Declaration and the Jaipur Consensus.

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