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BCC inks MoU with BRICS Chamber to promote trade

Last Updated: July 11, 2019

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BCC inks MoU with BRICS Chamber to promote trade

BCC inks MoU with BRICS Chamber to promote trade

11 July 2019 Current Affairs: The Bharat Chamber of Commerce (BCC) has signed a memorandum of understanding (MoU) with BRICS of Commerce and Industry for promoting trade and investments between BRICS countries and eastern part of India, in particular.
CHAMBER OF COMMERCE
BCC was initially established in 1900 as the “Marwari Chamber of Commerce” at Calcutta. Following Indian Independence, in 1949 Chamber re-christened itself as Bharat Chamber Commerce.
             
BRICS CHAMBER OF COMMERCE AND INDUSTRY:
BRICS CCI is a parent organization which promotes commerce and industry in BRICS nations.
It was founded in 2012 with efforts of eminent professionals And entrepreneur.
It is a not-for-profit and non-governmental organization (NGO). 
Objective: to create an enabling support system especially for MSMEsegment of businesses and young entrepreneurs from across all geographies. 
 
HIGHLIGHTS:
 It was signed by Sitaram Sharma, BCC president and B B L Madhukar, BRICS Chamber of Commerce and Industry Director General.
 It will enable both the signatories BCC and BRICS chamber to share trade related information and exchange trade delegations among 5 members of group namely Brazil, Russia.India, China and South Africa.
 BCC is looking forward to work closely with BRICS Chamber of Commerce to foster trade, industrial and technological cooperation between West Bengal and BRICS countries.
 
WORKING OF COMMERCE:
 Expanding economic and commercial activity via enhancement of efficiency and competition at all levels.
 Economic empowerment of society in rural areas via guidance on the application of appropriate technology and evolving marketing strategies Promoting Bilateral Trade using Business Delegation as the engine.
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