world_organizations medium True/False

The BRICS Business Council facilitates trade and investment among member countries by addressing non-tariff barriers, promoting local currency settlements, and supporting SME integration into global value chains.

  1. True
  2. False

Answer: True

The Business Council, comprising private sector leaders from each BRICS country, identifies practical cooperation opportunities. It works on infrastructure financing, digital economy, energy security, and regulatory convergence, complementing government efforts to deepen economic integration.

Topic BRICS
Exam Relevance UPSC, Banking, SSC
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