BRICS Business Council

The BRICS Business Council was established during the Fifth BRICS Summit held on 26th - 27th March 2013 in Durban, South Africa. The objective of creating the council was to constitute a platform which will: Promote and strengthen business, trade and investment ties amongst the business communities of the five BRICS countries; Ensure that there is regular dialogue between the business communities of the BRICS nations and the Governments of the BRICS countries; and Identify problems and bottlenecks to ensure greater economic, trade and investment ties amongst the BRICS countries and recommend solutions accordingly. Nine working groups in the areas of Infrastructure, Manufacturing, Financial Services, Energy & Green Economy, Skills Development, Agribusiness, Deregulation, Regional Aviation and Digital Economy have been formed under the aegis of the BRICS Business Council. The main objectives of these Working Groups are to facilitate interaction amongst businesses 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.